Disney is quickly closing in on Netflix's long-established streaming lead.
Even though Disney+ continues to draw subscribers, it will need to start driving significantly more revenue per subscriber in order for the company to meet its goal of Disney+ becoming profitable by 2024.
While the company neglected to share more details about pricing and timing, Chapek did reiterate his confidence in Disney's ability build a strong advertising operation for Disney+, given its success and technical resources building ad-supported tiers for ESPN+ and Hulu. Much of what brings down Disney's ARPU globally is its Disney+ Hotstar service in India. Even though Disney+ Hotstar has more subscribers than DIsney+ in the U.S., the ARPU for that region was only $0.76 last quarter.last quarter grew 9% compared to the year prior, due to continued streaming growth and higher advertising revenues pegged to higher ratings.
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