Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall, but managed to narrow its streaming business’ losses by $300 million during the October-December period.
Disney+ Core subscribers dropped to 111.3 million from the 112.6 million reported in the previous quarter, according to Disney’s quarterly earnings results released Wednesday.
In its financials, which cover the Mouse House’s first quarter for its fiscal year 2024, Disney projects adding between 5.5 million and 6 million subscribers to Disney+ Core by the end of its current quarter, which runs January-March.
Meanwhile, Disney+ Hotstar added 700,000 subscribers during the October-December quarter, rising to 38.3 million from the 37.6 million it tallied at the end of September. These results mark the first growth for Disney+ Hotstar since last year’s mass exodus of 12.5 million subscribers amid a strategy shift to move away from low-margin customers, and the loss of key sports rights in the region.
Disney+ Core subscribers dropped to 111.3 million from the 112.6 million reported in the previous quarter, according to Disney’s quarterly earnings results released Wednesday.
In its financials, which cover the Mouse House’s first quarter for its fiscal year 2024, Disney projects adding between 5.5 million and 6 million subscribers to Disney+ Core by the end of its current quarter, which runs January-March.
Meanwhile, Disney+ Hotstar added 700,000 subscribers during the October-December quarter, rising to 38.3 million from the 37.6 million it tallied at the end of September. These results mark the first growth for Disney+ Hotstar since last year’s mass exodus of 12.5 million subscribers amid a strategy shift to move away from low-margin customers, and the loss of key sports rights in the region.
- 2/7/2024
- by Jennifer Maas
- Variety Film + TV
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