Entertainment

152 million Disney+ subscribers – The Hollywood Reporter

Disney+ added 14.4 million subscribers in its fiscal third quarter for a total of 152.1 million, beating Wall Street analysts’ expectations for an average increase of 10 million subscribers in the quarter. .

Including Disney+, Hulu, and ESPN+, Disney now has a total of 221 million subscribers – surpassing Netflix’s 220.7 million subscribers, as of July.

Disney’s top streamers saw modest growth in the US and Canada, adding about 100,000 subscribers to 44.5 million in the quarter, compared with 44.4 million in the second fiscal quarter. Disney+ international subscriptions, excluding Disney+ Hotstar, increased from 87.6 million to 93.6 million.

Hulu totaled 46.2 million subscribers in the quarter, up from the 45.6 million reported in Q2, while ESPN+ reached 22.8 million, up from 22.3 million.

In the previous quarter ending April 2, Disney+ added 7.9 million subscribers for a total of 137.7 million subscribers. Followed by Hulu with 45.6 million subscribers, while ESPN+ totaled 22.3 million during the quarter.

Ahead of the company’s earnings call on Wednesday – the first for CEO Bob Chapek since receiving a three-year contract extension that begins in July and runs through 2025 – Disney announced Widespread price increases on Disney+, Hulu, and ESPN+ coincide with the launch of an ad-supported Disney+ tier this December.

Disney’s updated streaming figures come as Hollywood is re-evaluating its holistic approach to streaming amid slowing Netflix growth. The once-adverse streaming giant recently teamed up with Microsoft to launch an ad-supported subscription tier in early 2023 to help prevent subscriber loss.

Total revenue for the latest quarter also beat expectations at $21.5 billion, up from $19.2 billion in the second quarter, while net income fell slightly to $3.6 billion from $3.7 billion. of the second quarter.

More will come.

Source link

news5s

News5s: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button