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Disney+ Lost 700,000 Subscribers From October-December 2024
Disney+ lost 700,000 subscribers in the last quarter of 2024, largely due to price hikes and expiring promotions. Despite the decline, Disney's overall streaming business remained profitable, boosted by strong box office results from Moana 2 and Hulu's 1.6 million added subscribers. IndieWire report...
Despite the decline, Disney's overall streaming business remained profitable, boosted by strong box office results from Moana 2 and Hulu's 1.6 million added subscribers. "In fiscal Q1 we saw outstanding box office performance from our studios, which had the top three movies of 2024; we further improved the profitability of our Entertainment DTC streaming businesses; we took an important step to advance ESPN's digital strategy by adding an ESPN tile on Disney+; and our Experiences segment demonstrated its enduring appeal as we continue investing strategically across the globe. Overall, this quarter proved to be a strong start to the fiscal year, and we remain confident in our strategy for continued growth."
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