Disney reports strong Q1 with 5% revenue rise to $24.7B, despite losing 700K Disney+ subscribers.

Disney reported a strong first quarter with a 5% revenue increase to $24.7 billion and a 23% rise in net income, despite a loss of 700,000 Disney+ subscribers. The company's streaming business still turned a profit of $293 million. Revenue growth was driven by the success of films like "Moana 2" and increased advertising revenue. CEO Bob Iger projects $15 billion in cash for the year. Despite challenges in traditional TV, Disney's diverse business model outperformed expectations.

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