Disney is now matching Netflix subscriber numbers across its built-in services
Disney+ has received 12.1 million new subscribers to the company Fourth fiscal quarter Expires on October 1, according to Yahoo Finance, That’s 3 million more than analysts’ estimates. In all, Walt Disney has added 14.6 million subscriptions to Disney+, Hulu, and ESPN+, bringing the total number of live subscribers to date to about 236 million. While Disney+ alone with its 164 million subscribers has yet to hit the Netflix numbers, all three of the company’s combined services have members who could rival the streaming giant. Netflix open She had about 223.09 million subscribers during her last term earnings report in October.
Despite the impressive growth in subscribers, Disney’s broadcast operating loss increased from $0.8 billion to $1.5 billion in the quarter. Disney+ saw more losses during the period due to higher production and technology costs, as well as increased marketing expenses. There were also no Premier Access releases for this quarter, like last year Black Widow And the jungle trip. However, the losses were partially offset by higher subscription costs, which will rise further in December.
Walt Disney CEO Bob Chuckle said the company expects to reduce streaming losses in the future, thanks to price increases and the launch of an ad-supported category on Disney+. The company even believes that Disney+ is on track to achieve profitability in fiscal year 2024, assuming there is no “meaningful shift in the economic climate.” If you remember, Disney is raising their streaming prices across the board in December, and Disney+’s ad-supported tier is LAUNCH ON 8 DECEMBER For $11 a month.
All products recommended by Engadget are handpicked by our editorial team, independently of the parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publication.
#Disney #matching #Netflix #subscriber #numbers #builtin #services