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Amid slowing growth and heightened competition, streaming video services will focus on profitability in 2023, Wall Street analysts say.

The Walt Disney Company beat Wall Street expectations in its latest quarterly earnings report, doing particularly well in its streaming business, its current main focus.

Comcast reported its fourth-quarter 2021 earnings, beating Wall Street’s expectations on both revenue and earnings. NBCUniversal revenue was US$9.3 billion, up 25.6% from Q4 2020, and studio sales were up more than 36%.

Streaming pay-TV provider FuboTV reported its second quarter results, showing a gain of 91.000 subscribers compared with the year-ago quarter, far better than Wall Street analysts’ 12.000 subscribers’ expectations.

The growth persisted as the platform reached $645 million in quarterly sales, surpassing Wall Street projections despite a decline in the platform's total viewing hours.