"Disney+ Sees 1.3 Million Subscriber Decline and $300 Million Loss"

Disney+ lost 1.3 million subscribers after a price increase but reduced streaming business losses by $300 million, with Hulu gaining 1.2 million subscribers. Disney anticipates 5.5-6 million Disney+ Core subscriber net additions in Q2 2024 and expects combined streaming businesses to reach profitability in Q4 FY24. The company also achieved record revenue and operating income in its Experiences department, and announced investments in Epic Games, a surprise Moana sequel, a second season for Percy Jackson, and an exclusive Taylor Swift concert streaming on Disney+.