Disney reported its performance for the quarter ended December, with the Direct-to-Consumer streaming business segment generating total revenue of $6.072 billion, representing a 9% increase from the same period last year. Operating income for this segment was $293 million.
During the past quarter, Disney’s streaming business underwent significant changes, notably in the restructuring of Star India to focus solely on the Disney+ Hotstar service in India. This led to a reorganization of equity ownership, with Disney now holding a minority stake and excluding India’s revenue from the Direct-to-Consumer segment, which now only includes Disney+ in the Asia Pacific region, including Thailand.
The total global subscriber count for Disney+ stands at 124.6 million accounts, down from 125.3 million in the same period last year (figures adjusted for Disney+ India). Hulu, on the other hand, has a total of 53.6 million subscribers.
Source: Disney (pdf)
TLDR: Disney’s Direct-to-Consumer streaming revenue increased by 9% in the last quarter, with changes in the business structure and subscriber numbers for Disney+ and Hulu.
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