Walt Disney warns its theme park revenue will fall

STORY: Disney shares fell as much as 4% in Wednesday trading after it predicted business would slow at its key theme park division.

A company executive said the issue would persist for a few quarters, but he wouldn’t call it a protracted problem.

Analysts said weakness at Disney's parks, coming a time when consumer spending has been pinched by inflation, underscores worries about the slowing U.S. economy.

This overshadowed the success of the animated Pixar film "Inside Out 2" and the company's television business.

The combined streaming businesses of Disney+, Hulu and ESPN+ posted a profit for the first time.

One analyst told Reuters If Disney can continue to deliver profitability in streaming quarter after quarter, it will have cracked the code.

CEO Bob Iger is working to rebuild Disney after billions of dollars in losses from streaming efforts, the decline of traditional television and a rough patch for its storied film studio.

"Inside Out 2" notched $1.6 billion in global ticket sales and "Deadpool & Wolverine," which debuted in the current quarter, has brought in more than $850 million.