Disney+ Revenue Up 10.5% to US$1.98 Billion in Q3 2022

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Vika Azkiya Dihni 23/08/2022 11:20 WIB

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The video streaming service, Disney+, has reported revenue growth. Through the third quarter ended July 2, 2022, Disney+ revenue reached US$1.98 billion.

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Disney+ Revenue (Q1 2020 - Q3 2022)

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The Disney+ video streaming service reported revenue growth in Q3 2022, reaching US$1.98 billion.

This represents a 10.5% increase compared to the previous quarter and a 37% increase compared to the same period last year.

Disney+'s revenue was driven by a subscriber base of 152.1 million, a 14.4 million increase from the previous quarter's 137.7 million subscribers.

Disney+'s revenue has shown a consistent upward trend since its launch on November 12, 2019, starting with US$442 million in Q1 2020.

The rapid growth of Disney+'s revenue coincided with the COVID-19 pandemic, steadily climbing to US$1.44 billion in Q3 2021.

The following year, growth slowed to a less significant 0.8%, reaching US$1.45 billion. However, Disney+'s revenue surged again by Q3 2022.

(See also: Netflix, Indonesia's Favorite Video-on-Demand Application)

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."