Disney+ drops 2.4 million subscribers in the First Quarter of 2023

Please note: some posts may contain affiliate links which means our team could earn money if you purchase products from our site

Disney+ drops 2.4 million subscribers in the First Quarter of 2023

It has been announced in the 1st Quarter of 2023 Earnings Call today that Disney+ has dropped 2.4 million subscribers in the last 3 months of 2022.

Even though earnings increased in the 1st quarter of 2023, this is the first time Disney+ has dropped in subscribers since 2020.

Related – Bob Iger To Cut Some 7000 Jobs at Disney as Cost-Cutting Measure


Direct-to-Consumer revenues for the quarter increased 13% to $5.3 billion and operating loss
increased $0.5 billion to $1.1 billion. The increase in operating loss was due to a higher loss at Disney+ and a decrease in results at Hulu, partially offset by improved results at ESPN+.

Results at Disney+ reflected higher programming and production costs and increased technology
costs, partially offset by higher subscription revenue and a decrease in marketing costs. The increase in programming and production costs was attributable to more content provided on the service and higher average costs per hour, which included an increased mix of original content.

Related – Walt Disney Company working on Frozen, Zootopia, and Toy Story Sequels According to Bob Iger


Bob Iger had this to say about the first quarter earnings:

“After a solid first quarter, we are embarking on a significant transformation, one that will maximize the potential of our world-class creative teams and our unparalleled brands and franchises,” said Robert A. Iger, Chief Executive Officer, The Walt Disney Company. “We believe the work we are doing to reshape our company around creativity while reducing expenses, will lead to sustained growth and profitability for our streaming business, better position us to weather future disruption and global economic challenges, and deliver value for our shareholders.”

Click here to read the full first-quarter earning report for 2023.


Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.

Get started below for your FREE No Obligation Quote.

Book With our friends at Destinations to Travel

MM slash DD slash YYYY
This field is for validation purposes and should be left unchanged.

For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!

Written by:

11,934 Posts

Chip is the owner, editor, and writer of Chip and Company. When he is not writing about Disney News or Planning Tips, you will find him counting down the days to his next Disney Vacation.
View All Posts
Follow Me :