Disney+ Reaches 164.2 Million Subscribers, Prepares For Ad-Supported Tier Launch

Lauren Forristal writes via TechCrunch: Disney reported (PDF) results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers, an increase of 12 million subs from 152.1 million in Q3. The flagship streaming service was only expected to gain 9.35 million subs. Across Disney's streaming services, Disney+, Hulu and ESPN+ had a combined total of 235.7 million subscribers, up from 221 million in the third quarter. The company beat expectations of 233.8 million. [...] However, the company fell short of expectations for total revenue, which was reported to be $20.15 billion. Wall Street estimated that Disney would report a 15% year-on-year jump in revenue to $21.3 billion. The direct-to-consumer division lost $1.5 billion. Disney+ is also set to launch a cheaper ad-supported version on December 8th as it looks to find more ways to earn revenue. The company also increased subscription prices for Disney+, Hulu, Hulu Live TV bundles and ESPN+ plans.

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