Disney ‘s strong results in streaming , including a better-than-expected subscriber jump, helped offset a struggling film studio and sluggish ad sales in the company’s fiscal fourth quarter.
In the company’s last quarter of reporting streaming subscribers, the company said the overall tally for Disney+ and Hulu hit 196 million. Disney+, which launched six years ago, nearly to the day, is now at 131.6 million subscribers, split nearly evenly between the U.S. and international.
The gain of 12.4 million from a year ago came in more than 2 million better than Wall Street’s target. Operating income in the direct-to-consumer unit rose $99 million to $352 million, with revenue climbing 8%.
The launch of ESPN’s newly bulked up streaming service occurred during the quarter, on August 21,

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