Disney's streaming revenue increased 6% and the segment turned a profit of $346 million during the three-month period ended June 28.

The company saw profit nearly doubling to $5.26 billion, driven by growth in its entertainment and experiences segments, while revenue grew 2% to $23.7 billion driven by growth in its sports and experiences segments.

Disney’s profit and revenue climbed in its fiscal third quarter as the entertainment company continued to add subscribers to its streaming service and see strength at its domestic theme parks