Disney reported mixed results for its fiscal third-quarter, with a decrease in Disney+ subscribers and a net loss of $460 million. The majority of subscriber losses came from Disney+ Hotstar, which saw a 24% drop due to the loss of Indian Premier League cricket matches. In an effort to boost revenue, Disney announced plans to raise the price of its ad-free streaming tier in October and crack down on password sharing. However, the company's parks, experiences, and products division saw a 13% increase in revenue. CEO Bob Iger highlighted the film studios, parks business, and streaming as the drivers of future growth and value creation.

The post Disney Posts Mixed results for quarter plagued by streaming woes, restructuring costs appeared first on Balanced News Summary.