Disney Plus hit 60 million subscribers but its ARPU is lagging Netflix - Business Insider

Disney Plus hit 60 million paid subscribers in August, a milestone the company initially told investors it hoped to reach by 2024.

Disney Plus generated $4.62 in average revenue per paying subscriber during the June quarter, while Netflix averaged $10.80 in revenue per subscriber.Nearly nine months after launching, Disney Plus reached 60 million paid subscribers in August, a milestone the company initially told investors it hoped to reach by 2024.

Disney Plus' average revenue per user was also dragged down last quarter by its price point in India, where it "We absolutely are going after a bigger market of the number of subscribers as opposed to over rotating to try to get to a profitability number much sooner than we thought," Bob Chapek, Disney's CEO, said in response. "I must say the prospect of us hitting our goals as quickly as we are is very encouraging, but what we plan to do is invest even more in our content in order to keep that machine cranked and going.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Disney stock jumps after Disney Plus hits 60 million subscribers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They only got those rating because lifes a television set with a sofa and refrigerator and a microwave and TV dinners and a bunch of other crap I'm sure has nothing to do with being Human! Disney also has some pretty good fundamentals! Make sure you check these 7 things before you buy any $DIS
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider webinar: How influencers earn money in pandemic - Business InsiderSIGN UP NOW: Next week we're talking to YouTube and Instagram influencers with millions of followers about how they're adapting their businesses during the pandemic and earning 6-figure incomes
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's best investing stories of July 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »