While pure-play over-the-top (OTT) companies like Netflix (NFLX) have done well in Q3, The Walt Disney Company’s (DIS) direct-to-consumer service, Disney+ seems to be lagging behind. During fiscal Q4, while Disney+ paid subscribers ballooned 60% year-over-year to 118.1 million, average monthly revenue per paid subscriber fell 9% year-over-year to $4.12. (See Analysts’ Top Stocks on TipRanks) The decline in average monthly revenues at Disney+ was a result of higher Disney+hotstar subscribers in this quarter (fiscal Q4) as compared to the same period last year. According to Disney, Disney+hotstar “average monthly revenue per paid subscriber is significantly lower than the average monthly revenue per paid subscriber for Disney+ in other markets.
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Walt Disney (NYSE:DIS)
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