Hulu Subscribers Increased By 1.2 Million From The Prior Quarter, Disney+ Core Subscribers Decreased Sequentially By 1.3 Million
Portfolio Pulse from Benzinga Newsdesk
Hulu experienced a growth of 1.2 million subscribers in the latest quarter, while Disney+ saw a sequential decrease of 1.3 million in its core subscriber base. This mixed performance in subscriber numbers reflects varying consumer preferences and market dynamics affecting Disney's streaming services.
February 07, 2024 | 9:11 pm
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NEUTRAL IMPACT
Disney's mixed subscriber performance, with Hulu gaining 1.2 million subscribers and Disney+ losing 1.3 million, indicates varied success across its streaming platforms.
The increase in Hulu subscribers could be seen as a positive development for Disney, potentially offsetting the negative impact of the loss in Disney+ core subscribers. However, the decrease in Disney+ subscribers could raise concerns about the platform's growth trajectory and competitive position in the streaming market. The net effect on Disney's stock price in the short term is uncertain, as the market may weigh the positive and negative aspects differently.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90