Disney+ lost 700,000 subscribers but remained profitable in Q4 2024, outpacing analyst expectations.

Disney+ saw a drop of 700,000 subscribers in the last quarter of 2024, reducing its total to 124.6 million. Despite the decline, Disney's streaming business turned a profit for the third straight quarter. Hulu gained 1.6 million subscribers, and the company's overall performance beat financial forecasts, with earnings per share at $1.76. Disney attributes the drop to recent price hikes and stricter sharing policies. Meanwhile, competitor Netflix added 19 million subscribers, reaching 300 million total.

6 weeks ago
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