Disney+ Lost 700,000 Subscribers From October-December 2024
Disney+ lost 700,000 subscribers in the last quarter of 2024, largely due to price hikes and expiring promotions. Despite the decline, Disney's overall streaming business remained profitable, boosted by strong box office results from Moana 2 and Hulu's 1.6 million added subscribers. IndieWire reports: Not counting Disney+ Hotstar, the cheap Disney+ service in India, Disney+ now has 124.6 million subs. ESPN+ also lost 700,000 subs in the period. Hulu was the streaming highlight, adding 1.6 million subscribers; it now has 53.6 million. All told, the company's streaming business was profitable for its third-straight quarter. So it wasn't all bad -- or unexpected. "Our results this quarter demonstrate Disney's creative and financial strength as we advanced the strategic initiatives set in motion over the past two years," said Disney CEO Bob Iger. "In fiscal Q1 we saw outstanding box office performance from our studios, which had the top three movies of 2024; we further improved the profitability of our Entertainment DTC streaming businesses; we took an important step to advance ESPN's digital strategy by adding an ESPN tile on Disney+; and our Experiences segment demonstrated its enduring appeal as we continue investing strategically across the globe. Overall, this quarter proved to be a strong start to the fiscal year, and we remain confident in our strategy for continued growth." Read more of this story at Slashdot.
Disney+ lost 700,000 subscribers in the last quarter of 2024, largely due to price hikes and expiring promotions. Despite the decline, Disney's overall streaming business remained profitable, boosted by strong box office results from Moana 2 and Hulu's 1.6 million added subscribers. IndieWire reports: Not counting Disney+ Hotstar, the cheap Disney+ service in India, Disney+ now has 124.6 million subs. ESPN+ also lost 700,000 subs in the period. Hulu was the streaming highlight, adding 1.6 million subscribers; it now has 53.6 million. All told, the company's streaming business was profitable for its third-straight quarter. So it wasn't all bad -- or unexpected. "Our results this quarter demonstrate Disney's creative and financial strength as we advanced the strategic initiatives set in motion over the past two years," said Disney CEO Bob Iger. "In fiscal Q1 we saw outstanding box office performance from our studios, which had the top three movies of 2024; we further improved the profitability of our Entertainment DTC streaming businesses; we took an important step to advance ESPN's digital strategy by adding an ESPN tile on Disney+; and our Experiences segment demonstrated its enduring appeal as we continue investing strategically across the globe. Overall, this quarter proved to be a strong start to the fiscal year, and we remain confident in our strategy for continued growth."
Read more of this story at Slashdot.
