Disney is set to announce its Q2 FY24 earnings tomorrow, with Wall Street closely monitoring the performance. The company nearly achieved profitability in its streaming sector last quarter, largely due to a new Charter deal that boosted Disney+ subscriptions while traditional revenue streams declined. Disney+ added 6.3 million subscribers, reaching 117.6 million, surpassing forecasts. However, Disney's overall Q2 revenue was slightly below expectations at $22.08 billion, compared to the estimated $22.11 billion. The company also reported a first-time combined quarterly profit for Disney+ and Hulu. Despite these gains, Disney shares have fallen more than 8% as the company provided weaker-than-expected guidance for Q3 and disappointing performance in traditional TV sectors. Disney now has 153.6 million Disney+ subscribers, against an expected 155.66 million, and has raised its FY24 earnings growth guidance from 20% to 25%. Additionally, CFO Hugh Johnston noted that there are 22.5 million subscribers to the Disney+ ad tier.