Disney+ dropped 2.4 million subscribers in the last three months of 2022 — marking the streaming service’s first decline since launching in late 2020 — while the Mouse House’…
The drop in Disney+ subscribers — which was bigger than analysts expected — was entirely driven by a 3.8 million sequential decline Disney+ Hotstar, the version of the service offered in India and parts of Southeast Asia, to stand at 161.8 million at the end of 2022. In the U.S./Canada, Disney+ gained about 200,000 subs . Hulu gained 800,000 in the quarter to stand at 48.0 million, and ESPN+ increased by 600,000 to 24.9 million.
decreased 16% to $1.3 billion. On the film front, Disney said it generated better results from theatrical distribution led by Marvel’s “Black Panther: Wakanda Forever” compared with losses on titles released in the prior-year quarter.
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