On the occasion of the announcement of its latest quarterly results, the Disney group declared a turnover of 21.81 billion dollars, ie 13% better than in the same period last year. The Disney+ streaming platform, for its part, has lost 4 million subscribers (for a total figure now at 157.8 million), after already an exodus of 2.4 million in the previous quarter.
Disnay+, subscribers down but average revenue per subscriber up
Most of these defections come from the Hotstar branch of Disney+ which had recently lost the rights to broadcast cricket, a very popular sport in India and Asia. Nevertheless, in the United States, the average turnover per user rose from $5.95 to $7.14, in particular because of the increase in the price of the service. Internationally, the average revenue per Disney+ user increased from $5.62 to $5.93, thanks in particular to a favorable exchange rate.
The word to Bob Iger, General Manager of The Walt Disney Company
“We are pleased with the successes this quarter, including the improved financial performance of our streaming business, which reflects the strategic changes we have made across the business to realign Disney for growth and development. 'enduring success,' said Bob Iger, CEO of The Walt Disney Company. From movies and television, to sports, news and our theme parks, we continue to delight consumers while implementing a more efficient, coordinated and streamlined approach to our operations.”
