The Walt Disney Co. reported fiscal third-quarter results that beat Wall Street’s profit expectations but fell slightly short on revenue, as growth in theme parks and streaming offset softness in traditional television businesses. Adjusted earnings rose 16% from a year earlier to $1.61 a share, topping the $1.47 consensus compiled by LSEG. Revenue increased 2% to $23.65 billion, just under analysts’ $23.73 billion estimate. Core Disney+ subscriptions climbed by 1.8 million to 127.8 million, taking combined Disney+ and Hulu customers to roughly 183 million. Disney’s direct-to-consumer segment turned a quarterly profit for the first time, generating $346 million after price increases and lower content spending. The experiences division, which includes theme parks, cruise lines and consumer products, delivered $9.09 billion in revenue and $2.52 billion in operating income, both ahead of forecasts. Free cash flow improved 53% to $1.89 billion. Management raised its full-year adjusted earnings guidance to $5.85 a share from $5.75, above the $5.78 analyst consensus, and projected that combined Disney+ and Hulu subscriptions will grow by more than 10 million in the current quarter. The company confirmed plans to launch a stand-alone ESPN streaming service on Aug. 21 under a new arrangement that will give the National Football League a minority stake in the sports network. Shares declined about 1% in early New York trading as some investors focused on the modest revenue miss and a slight shortfall in Disney+ subscriber additions.