in Q2 JULY 20, 202204:25 Disney has previously stated it plans to lose money on Disney+ until 2024. Chief Financial Officer Christine McCarthy reiterated on Wednesday’s earnings conference call that Disney+’s losses will peak during the Jesper Bratt Brattmans Shirt Besides company’s fiscal 2022. Average revenue per user for Disney+ decreased by 5% in the quarter in the U.S. and Canada due to more customers taking cheaper multiproduct offerings. Overall, the company’s quarterly results, also announced Wednesday, beat analysts’ expectations on the top and bottom lines. Disney+ subscriptions rose to 152.1 million during the most recent period, higher than Wall Street’s projections of 147 million. Get the Morning Rundown Get a head start on the morning’s top stories. SIGN UP THIS SITE IS PROTECTED BY RECAPTCHA PRIVACY POLICY | TERMS OF SERVICE Counting Disney+, ESPN+ and Hulu (which is partially owned by Comcast, the parent company of NBC News), Disney has 221 million streaming subscribers. Bundled pricing Disney also announced new bundle prices incorporating its Disney+ product with commercials. For existing customers only, a bundle of Disney+ without ads and Hulu and ESPN+ with ads will increase by $1, from $13.99 to $14.99. Recommended CONSUMER Coca-Cola’s newest flavor ‘Dreamworld’ supposedly tastes like dreams CONSUMER U.S.
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