Bob Iger returned to Walt Disney as CEO in 2022 with a bold promise of making streaming profitable. The latest quarterly results have shown signs of a turnaround at the storied media company, suggesting that Iger may be getting the House of Mickey Mouse in order by focusing on its streaming business.

Old Hollywood is finally doing what Netflix Inc. has been doing for over a decade: making money from streaming.

The entertainment giant’s streaming services turned a profit as 60 percent of new subscribers are picking Disney Plus’ ad-supported plan.