Entertainment giant The Walt Disney Company’s (DIS) parks, experiences, and products divisions are rebounding following a rough patch during the pandemic. While its parks and cruise businesses got slammed, the Disney+ streaming service became a significant revenue driver.
However, DIS posted a drop in streaming subscribers in the fiscal second quarter ended April 1, 2023, marking the second consecutive quarterly decline. The company saw a 2% decline in memberships, falling to 157.8 million subscribers from 161.8 million as of December 31, 2022, mainly attributed to an 8% drop in membership at India’s Disney+ Hotstar and an additional 600,000 subscribers lost domestically.
