Today, the Walt Disney Company has released its latest quarterly results for the fiscal fourth quarter 2023, and that means we get an updated look at how many subscribers Disney+, Hulu, and ESPN+ have.
This gives us a clear indication of how the apps are doing, especially with growth or decline in subscriber numbers. These subscriber numbers are based on how many there were on September 30, 2023.
Disney+ now has over 150 million subscribers globally, which is up over four million from 146.1 million subscribers last quarter. In the US and Canada, they only went up around 500,00 subscribers. However, Disney+ subscribers in other areas, including Latin America, Europe and Asia, are up over 6 million subscribers. However, Disney+ Hotstar subscribers in India continued to go down.
Disney CEO Bob Iger said in a statement:
“Our results this quarter reflect the significant progress we’ve made over the past year, While we still have work to do, these efforts have allowed us to move beyond this period of fixing and begin building our businesses again. We have a solid foundation of creative excellence and innovation built over the past century, which has only been reinforced by the important restructuring and cost efficiency work we’ve done this year, and we’re on track to achieve roughly $7.5 billion in cost reductions. Combined with our portfolio of valuable businesses, brands and assets – and the way we manage them together – Disney has a strong hand that differentiates us from others in our industry.
As we look forward, there are four key building opportunities that will be central to our success: achieving significant and sustained profitability in our streaming business, building ESPN into the preeminent digital sports platform, improving the output and economics of our film studios, and turbocharging growth in our parks and experiences business. We have already made considerable advancements in these four areas and will continue to move forward with a sense of purpose and urgency, and I’m bullish about the opportunities we have before us to create lasting growth and increase shareholder value.”
Overall, Disney’s streaming business lost $387 million in the last quarter, which is a huge 74% improvement from a loss of $1.4 billion in the same quarter last year.
Disney has also provided a detailed breakdown per region: (Million)
- Disney+ – Global – 150.2
- Disney+ – Domestic (US & Canada) – 46.5
- Disney+ – International excluding Disney+ Hotstar+ – 66.1
- Disney+ Core – (excluding Hotstar) – 112.6
- Disney+ Hotstar – 37.6
- Hulu – Million Subscribers (US Only) – 48.5
To compare, here are the subscription numbers (Millions) from August’s Investor Call:
- Disney+ – Global – 146.1
- Disney+ – Domestic (US & Canada) – 46.0
- Disney+ – International excluding Disney+ Hotstar+ – 59.7
- Disney+ Core – (excluding Hotstar) – 105.7
- Disney+ Hotstar – 40.4
- Hulu – Million Subscribers (US Only) – 48.3
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