Disney Plus Reduces Streaming Business Losses By $400 Million Despite Losing 4 Million Subscribers

Story Highlights:

According to a newly released earnings report, Disney+ experienced a decline in subscribers for the second consecutive quarter in the first three months of 2023, with 4 million customers dropping the service.

At the end of the first quarter of 2023, Disney+ had 157.8 million subscribers, which Variety clocked as lower than Wall Street's anticipated 163.17 million.

However, there was some positive news for the company, as they reported a reduction in streaming business losses by $400 million, which is a 26% year-over-year decrease.

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News Information

Written By: David Wolinsky

Category: Gaming

Tags: First Disney Disney+ Financial Company Service Subscribers 2023 Decline Quarter Million

Date Published: 10 May, 2023 (6 months ago)

Publish Time: 2:33 PM (GMT +8:00)

Language: English

Story Length: 312 words

Reading Time: 2 minutes read

Attachments: 1 Pictures

Story Rating: Rated #119 (out of 183 stories this day)

Estimated Value: $0.00

News Source URL: gamespot.com

Copyright: © GameSpot

Story ID: #721338

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