Q2 Media & Entertainment Distribution Results
Q2'23 vs.
Q2'22
Q2 Hulu and ESPN+ Subscribers & ARPU
(Paid Subscribers in Millions and Average Monthly Revenue per Paid Subscriber (ARPU) in USD)
hulu Subscribers
Hulu
Q1'23
Total Hulu (1)
45.6
48.0
48.2
+2.6
LiveTV + SVOD
4.1
4.5
4.4
+0.3
+0.2
(0.1)
Total Hulu subscribers increased slightly vs. the prior quarter.
+2.3
+0.2
41.4
43.5
43.7
SVOD Only
SVOD Only ARPU
Live TV+SVOD ARPU
Q2'22
$12.77
Q1'23
$12.46 $11.73
$88.77 $87.90 $92.32
Q2'23
($1.04)
($0.73)
+$3.55 +$4.42
Hulu SVOD Only ARPU decreased by $0.73 vs. the prior quarter
due to lower per-subscriber advertising revenue and a higher
mix of subscribers to multi-product offerings, partially offset by
an increase in average retail pricing.
Hulu Live TV+SVOD ARPU increased by $4.42 vs. the prior
quarter primarily due to an increase in average retail pricing,
partially offset by lower per-subscriber advertising revenue.
ARPU
ESP+ Subscribers
24.9
22.3
ESPN+
25.3
+3.0
+0.4
•
Both subscribers and ARPU grew vs. the prior quarter.
Q2'22
Q1'23
Q2'23
$4.73
$5.53
$5.64
+$0.91
+$0.11
Note: See DTC Product Descriptions and Key Definitions on page 17
(1) Total may not equal the sum due to rounding
©Disney
⚫ ESPN+ ARPU increased by $0.11 vs. the prior quarter driven by
higher per-subscriber advertising revenue, partially offset by a
higher mix of subscribers to multi-product offerings.
Second Fiscal Quarter Ended April 1, 2023
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