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Disney+ Drops 1.3 Million Subscribers Amid Price Hike, Streaming Loss Shrinks by $300 Million (variety.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Disney+ Drops 1.3 Million Subscribers Amid Price Hike, Streaming Loss Shrinks by $300 Million::Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall

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[–] Pipoca@lemmy.world 17 points 9 months ago (1 children)

Disney+ lost 1.3 million subscribers in the final quarter of 2023 amid a hefty price hike that went into effect last fall, but managed to narrow its streaming business’ losses by $300 million during the October-December period.

That doesn't really sound like it backfired to me. They lost subscribers but made more money.

[–] frostysauce@lemmy.world 3 points 9 months ago (2 children)

I don't even know what it means to "narrow" ones losses.

[–] Pipoca@lemmy.world 5 points 9 months ago

Suppose one year you spend $60k, but only earned $50k. You lost $10k.

The next year, you spend $57k, and earned $53k. You lost $4k, and your losses narrowed by $6k.

[–] erwan@lemmy.ml 4 points 9 months ago

They lost less than the year before