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Disney+ Sheds 4 Million Subscribers in Second Straight Quarterly Drop, Streaming Losses Narrow by 26%

Jennifer Maas Florida Canada India show performer reports CEO target Provident Parke Drop

10.05.2023 - 20:31

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variety.com

variety.com:

Jennifer Maas TV Business Writer Disney+ shed another 4 million subscribers in the first three months of 2023, marking the Disney-owned streamer’s second consecutive quarterly drop after closing 2022 with its first-ever decline.

On the bright side, the Mouse House also managed to narrow its streaming business losses by $400 million, down 26% year over year.

On Wednesday, CEO Bob Iger and Co. beat Wall Street estimates for Disney’s quarterly earnings and revenue due to an impressive Jan.-March showing at the company’s theme parks.

That win comes during a fiscal Q2, which concluded April 1, plagued by companywide layoffs, a looming (and now active) writers strike, and a turf war with Florida Gov.

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