News Formal

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

  • 📰 THR
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Higher prices did not seem to materially impact the Disney+ domestic subscriber base even as the service lost subs due to international arm Disney+ Hotstar.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bob Iger faces many hurdles as Disney set to report earningsDisney is expected to report its slowest revenue growth since the second quarter of 2021.
Source: nypost - 🏆 91. / 67 Read more »

Disney is set to report earnings after the bell — here's what to expectDisney is in the process of laying off thousands of employees under CEO Bob Iger's restructuring plan.
Source: CNBC - 🏆 12. / 72 Read more »