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  • Los Angeles Times

    Disney+ keeps growing fast. But streaming loses $1.5 billion

    by Ryan Faughnder, Los Angeles Times Nov 08, 2022 3 minutes
    As“ Andor” begins, Cassian Andor is grinding out an existence on the planet Ferrix.

    LOS ANGELES — Disney+ is still growing fast as the streaming service takes the Walt Disney Co. into the future of entertainment. But the effort to stay dominant in the age of Netflix is costing the Burbank giant in a big way.

    Disney's direct-to-consumer division, which also includes Hulu and ESPN+, on Tuesday reported an operating loss of nearly $1.5 billion, more than doubling its loss of $630 million during the same quarter a year ago.

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