The Walt Disney Co. (DIS) poꦕsted better third-quarter results than analysts had expected thanks to the success of movies like "Inside Out 2" and an earlier-than-expected profit for its overall streaming business.

The entertainment giant reported a profit beat of $2.62 billion after posting a $460 million loss in the third quarter last year. The company also reported $23.16 billion in revenue, just 澳洲幸运5官方开奖结果体彩网:above analysts' estimates compiled by Visible Alpha.

Despite the positivity around its Entertainment and Sports segments, Disney also highlighted concerns about consumer spending trends for its Experiences segment, which includes its theme parks. The company warned that the "demand moderation" seen in Q3 "could impact the next few quarters."

Streaming Profit Surprises on Higher Prices, Sub⛄scr🌄ibers

After 澳洲幸🐼运5官方开奖结果体彩网:approaching overall stre꧂aming profitability in Q2, Disney reported a quarterly profit in the Direct-to-Consumer (DTC) segment for the first time amid ESPN+ improvement. Disney, which previously had expected the streaming business to reach profitability starting in the fourth quarter, said Tuesday that 澳洲幸运5官方开奖结果体彩网:it would raise prices for its streaming platforms sta♊rting in October.

"This was a strong quarter for Disney, driven by excellent results in our Entertainment segment both at the box office and in DTC, as we achieved profitability across our combined streaming businesses for the first time and a quarter ahead of our previous guidance," Disney 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Bob Iger said.

Disney shares, which were essentially flat on the year through Tuesday's close, slipped more than 3% at the opening bell Wednesday to $86.91.