FOUND: Disney cuts streaming red ink posts higher q2 profits - You Need To See This

The Walt Disney Co. reported higher fiscal second-quarter profits as it cut its streaming losses and saw big gains at its parks and experiences unit.

Disney’s direct-to-consumer business — streamers Disney Plus, ESPN Plus and Hulu — lost $659 million, down from the $1.05 billion the company lost in the prior quarter. A year ago, the DTC business lost $887 million.