Disney+ lost 4 million users in the first quarter, and its overall performance was in line with company expectations
Disney+ lost 4 million users in the first quarter, and its overall performance was in line with company expectations
2023-05-11
Recently, the streaming media Disney+ released its latest financial performance report. The data shows that in the first quarter of this year, the total number of Disney+ subscribers decreased again after the decline in the previous quarter, and more than 4 million unsubscribed users.
According to the report, the number of Disney+ subscribers in the first quarter of 2023 is 157.8 million, compared with analyst expectations of 163.1 million; revenue in the second quarter is $21.82 billion, compared with analyst expectations of $21.82 billion. Losses in the streaming business decreased by $400 million, or 26% year-over-year.
Even though the number of subscribers has decreased, CEO Bob Iger is still very optimistic and said he is satisfied with the company's performance this quarter.
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