Disney+ Domestic Revenue Per User Surges 20% as Streaming Division Losses Shrink
10.05.2023 - 21:19
/ thewrap.com
Disney+ saw its average monthly revenue per user in the U.S. and Canada surge 20% during the second fiscal quarter of 2023, increased from $5.95 to $7.14 due to an “increase in average retail pricing.” CEO Bob Iger told analysts on the company’s quarterly earnings call Wednesday that a recent increase in the price of the streaming service was “de minimis.”The company continued to see losses shrink in its direct-to-consumer division.
The DTC division posted a loss of $0.7 billion compared to $1.05 billion in the previous quarter. The narrowed operating loss was due to improved results at Disney+ and ESPN+, partially offset by a lower contribution from Hulu.
Overall DTC revenues rose 12% to $5.5 billion.The international versions of Disney+, excluding Disney+ Hotstar, saw ARPU grow 6% from $5.62 to $5.93 due to a “favorable foreign exchange impact, a lower mix of wholesale subscribers and an increase in wholesale pricing.” Globally, ARPU rose from $3.93 per subscriber to $4.44.Elsewhere, ESPN+ ARPU rose 2% from $5.53 to $5.64 driven by higher per-subscriber advertising revenue, partially offset by a higher mix of subscribers to multi-product offerings. Hulu’s SVOD-only ARPU fell 6% from $12.46 to $11.73 due to lower per-subscriber advertising revenue and a higher mix of subscribers to multi-product offerings, partially offset by an increase in average retail pricing.
When combining SVOD with Live TV, Hulu’s ARPU climbed 5% from $87.90 to $92.32 primarily due to an increase in average retail pricing, partially offset by lower per-subscriber advertising revenue.Subscriber losses at Disney+ continued, with the streamer shedding 4 million subscribers during the quarter for a total of 157.8 million globally. Hulu added 200,000
.
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can
send a complaint on the news if you find it unreliable.