Disney Earnings: Streaming Losses Shrink and ARPU Rises, Disney+ Subscribers Fall to 157.8M

Wednesday, with the company largely beating Wall Street expectations on most key metrics, including revenue.

As with every major entertainment company, streaming profitability continues to be among the most closely-watched metrics. Losses in Disney’s direct-to-consumer business continued to decline, falling to $659 million in the quarter, down from $1.1 billion the quarter prior, and from the peak of $1.5 billion from what would be Bob Chapek’s final earnings report as CEO.

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