Today, the Walt Disney Company reported a 4 million Disney+ subscriber loss for the fiscal second quarter of 2023. This marks the streamer’s second consecutive quarterly drop after closing 2022.
Disney+ now has 157.8 million subscribers globally, down over 4 million subscribers from 161.8 million subscribers last quarter.
According to Variety, this second sub drop was driven by a 4.6 million sequential decline at Disney+ Hotstar, the version of the service offered in India and parts of Southeast Asia. In the U.S./Canada, Disney+ lost about 300,000 subs (to reach 46.3 million), while it added nearly 1 million in international markets excluding Disney+ Hotstar.
It was also noted that Hulu gained 200,000 in the quarter to stand at 48.2 million, and ESPN+ increased by 400,000 to 25.3 million.
Disney CEO Bob Iger said in a statement:
“We’re pleased with our accomplishments this quarter, including the improved financial performance of our streaming business, which reflect the strategic changes we’ve been making throughout the company to realign Disney for sustained growth and success. From movies to television, to sports, news, and our theme parks, we continue to deliver for consumers, while establishing a more efficient, coordinated, and streamlined approach to our operations.”
Source: Variety