Disney+ Q3 Domestic Paid Subscribers 46M, Down 1% QoQ, ESPN+ Subscribers Flat QoQ
Portfolio Pulse from Benzinga Newsdesk
Disney+ reported a 1% quarter-over-quarter decrease in paid subscribers for Q3, with the count standing at 46 million. ESPN+ subscriber count remained flat for the same period.
August 09, 2023 | 8:08 pm
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NEGATIVE IMPACT
Disney's Q3 results show a slight decrease in Disney+ subscribers and no growth in ESPN+ subscribers.
The decrease in Disney+ subscribers and lack of growth in ESPN+ subscribers could negatively impact Disney's stock price in the short term as it indicates a slowdown in their streaming services growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100