In its latest financial report, The Walt Disney Company announced the results of its video streaming services Disney+ And Huluboth profitable for the first time in their history.
Disney reported operating income of $3.8 billion, for $22 billion revenues overall. These are substantially homogeneous data compared to the same period last year. Among other items, the DTC sector, which includes video streaming services, produced revenues of $6.2 billion, with a loss of $18 million. The figure seems negative, but it is a huge improvement compared to last year’s losses, which reached $659 million.
There growth was attributed to Disney+ and Hulu, both profitable for the first time in their history. Additionally, both have seen their subscribers grow, which is always a good thing for this type of business.
More precisely, the last quarter ended with 167 million subscribers between Disney+ and Hulu, 117.6 million of which were Disney+ (+6% year on year). Hulu itself reached 45.8 million subscribers (2% growth year over year), with Hulu + Live TV reaching 4.5 million subscribers (-2%).
The black sheep
He was the black sheep of the group ESPN+, a service which, as you know, is dedicated to sports, which lost 65 million dollars, only partially offset by the combined profits of Disney+ and Hulu which reached 47 million dollars. ESPN+ also lost 2% of subscribers, which fell to 24.8 million.
However, Disney isn’t giving up and to help ESPN grow it has decided that it will offer… more ESPN, that is, it will integrate more sports content in the combined offerings of Disney+ and Hulu to attract more subscribers and grow revenues to fill the gap. There will therefore be programs designed specifically for a wider audience and various studio broadcasts, before the launch of a standalone streaming service in 2025. Note that ESPN is not present in Italy.
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