Subscriber Growth
Despite earlier guidance suggesting no new customer additions, Disney+ Core subscribers increased by 1% to 118.3 million. Hulu also saw growth, with total subscribers increasing by 2% to 51.1 million. The company announced further streaming price hikes to capitalize on this momentum.
Entertainment Segment Performance
The entertainment segment’s revenue rose by 4% to $10.58 billion, largely due to the strong performance of the streaming services. However, revenue for traditional TV networks declined by 7%, reflecting the ongoing shift in consumer preferences towards streaming platforms.
Theme Parks and Experiences
While the entertainment and sports divisions drove earnings, the U.S. theme parks business faced challenges due to slowing consumer demand and inflation. Revenue for the overall experiences unit, which includes domestic…
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