Disney’s streaming business and studio gained momentum in the September quarter, while its cable and theme park profit engines lost steam, underscoring the diverse set of challenges the entertainment giant faces as it positions itself for the future.

The biggest problem with Disney was the lack of clarity on how things were going to find out, you know, in fiscal 2025 and obviously in the future. And with them kind of giving us that detail line by line item kind of guidance,

Walt Disney Co. saw streaming profits grow in the latest quarter, underscoring progress on the company’s effort to transform direct-to-consumer distribution, recently a loss-making endeavor, into a financial engine.