Disney+ Subscriber Growth Slows
Disney's Streaming Service Sees Smallest Rise in Subscribers
Walt Disney Co. (DIS) reported a modest increase in Disney+ subscribers in its recent earnings report, marking the smallest rise since the service's launch in 2019.
Key Findings
- Disney+ gained 661 million international subscribers, a rise of nearly 7 million users.
- Domestically, Disney+ subscriber growth remained flat, with no significant change from the previous quarter.
- The company maintained its guidance for future subscriber growth, indicating that it expects a more gradual pace of expansion in the coming quarters.
Disney's streaming revenue increased by 13% in the quarter, reaching $4.9 billion.
The modest subscriber growth for Disney+ may be attributed to several factors, including increased competition in the streaming market and the easing of pandemic restrictions, which have led to more people returning to in-person entertainment options.
Despite the slowdown in subscriber growth, Disney's streaming services remain a significant driver of revenue for the company, with Disney+ having amassed a global subscriber base of over 235 million.
Analysts expect Disney+ to continue facing challenges in the highly competitive streaming landscape but remain optimistic about its long-term growth potential.
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