Disney reported fiscal third quarter earnings that beat expectations, with a profit of $346 million in its streaming unit. The company raised its profit forecast and confirmed ESPN’s deal with NFL. ESPN is set to launch a new standalone service this fall, viewed as a strategic move to retain subscribers. Disney’s revenue was $23.65 billion, with adjusted earnings per share of $1.61. Disney+ added 1.8 million subscribers, with expectations of over 10 million total Disney+ and Hulu subscribers growth.
Read more at Yahoo Finance: Disney lifts profit outlook as parks, streaming drive Q3 earning beat, ESPN strikes NFL deal
