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Disney reported results for its fiscal third quarter on Wednesday – posting earnings that topped expectations but revenue that came in just shy of analyst projections – as the company's streaming business grew and its theme parks saw higher spending from consumers.

CFO Hugh Johnston credited the quarter in part to the success of Disney's streaming unit, anchored by its flagship service, Disney+.

"Just as a reminder, it was only a couple of years ago that we were losing a billion dollars a quarter on that business," Johnston told CNBC's " Squawk Box " on Wednesday. "It was trading purely on subs and not on financial results. We now really have a solid foundation."

The growth in streaming has recently start

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