Disney reports small loss but sees improvement in streaming

New York: Disney reported higher revenues Tuesday on a strong performance by its theme parks division, but a write down in the company s India busines...

New York: Disney reported higher revenues Tuesday on a strong performance by its theme parks division, but a write-down in the company's India business resulted in a small loss.

Disney reported a $20 million quarterly loss following the $2.1 billion impairment in Star India. Revenues rose 1.2 percent to $22.1 billion.

The company achieved profitability in its entertainment streaming segment following subscription additions of more than six million in Disney+.

Disney said it was on track for full-year profits on the entire streaming business after years of losses. This includes the ESPN+ sports network.

The entertainment giant cited Walt Disney World Resort, Hong Kong Disneyland and the company's cruise division as areas of strength in parks and experiences, but saw lower results at Disneyland Resort.