It seems Disney has taken yet another loss in subscribers in Fiscal year 2023, losing 4 million subscribers across Disney+ which puts it now at 157.8 million subscribers down from 161.8 million in Q1. This came in well below the expectation of 163.17 million.
Q1 also saw a subscriber drop. This makes two quarters in a row that Disney has seen subscriber losses.
A lot of the losses stem from Disney+ Hotstar in India and Southeast Asia at 4.6 million subscribers. In North America Disney+ only lost about 300,000 subscribers. Disney+ gained about 1 million subscribers in other markets which offset the losses.
Not all news is bad though.
Hulu gained 200,000 subscribers ending with a total of 48.2 million. ESPN+ also gained 400,000 subscribers ending at 25.3 million.
Sources: Tech Crunch and WDWNT
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