Disney4me Posted August 9, 2023 Report Posted August 9, 2023 It’s been a whirlwind year for changes at The Walt Disney Company. ©Disney Bob Iger is back as CEO, park passes got an update, Genie+ changes are on the way, and a few executive shakeups have hit the House of Mouse. And now, with Disney+ being a “number one priority” for Iger, we have an update on just how that division of the Company is doing. On August 9th, The Walt Disney Company released its earnings report for the third quarter of fiscal year 2023 (Q3 of FY 2023) and we gained some insight as to how various aspects of the Company are performing — including Iger’s top priority: improving streaming and Disney+. In the report, we learned that the total number of Disney+ subscribers is now 146.1 million. This statistic represents the number of Domestic, International, and Hotstar subscribers combined. ©Disney In comparison, the last earnings report (from May 2023) showed 157.8 million subscribers, which was a decrease from the prior report as well. That means that, between last quarter and this one, Disney+ lost 11.7 million subscribers. From that statistic, it looks like Iger’s “number one priority” isn’t going great. However, subscriber numbers are only one measure of success when it comes to Disney+. There’s even a Disney+ Day in Disney World! Despite this, Disney reported that “Direct-to-Consumer revenues for the quarter increased 9% to $5.5 billion.” They noted that this improvement was “due to higher subscription revenue and a decrease in marketing costs, partially offset by higher programming and production costs and lower advertising revenue.” Although Disney+ lost subscribers, the average monthly revenue per paid subscriber “increased from $7.14 to $7.31 due to higher per-subscriber advertising revenue.” Bob Iger noted that around 40% of Disney+ subscribers are choosing the ad-supported option. ©Disney So subscriber numbers went down, but an increase in ad revenue and price increases for the services helped to offset that loss. Disney stated that the average monthly revenue per paid subscriber is up for domestic, international, and Disney+ Core as a whole. We’ll be keeping up with more news from The Walt Disney Company, so be sure to stay tuned to DFB for more. Click here to learn more about recent changes made at the Walt Disney Company Join the DFB Newsletter to get all the breaking news right in your inbox! Click here to Subscribe! WE KNOW DISNEY. YOU CAN, TOO. Oh boy, planning a Disney trip can be quite the adventure, and we totally get it! But fear not, dear friends, we compiled EVERYTHING you need (and the things to avoid!) to plan the ULTIMATE Disney vacation. Whether you're a rookie or a seasoned pro, our insider tips and tricks will have you exploring the parks like never before. So come along with us, and get planning your most magical vacation ever! Save 25% on the 2023 DFB Guide to Walt Disney World Dining with code WDW2023. GET YOUR GUIDE NOW The post NEWS on Disney CEO Bob Iger's "Number One Priority" first appeared on the disney food blog.View the full article Quote
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