The OTT platform saw its paid user base decline by nearly 1.4% to 3.5 Cr in the June quarter of 2024 from 3.6 Cr in the preceding quarter
The average monthly revenue per paid subscriber improved by more than 50% to $1.05 during the period under review from $0.7 in the preceding quarter
The platform has been witnessing an exodus of users in droves for the last six quarters, a far cry from the peak of 6.1 Cr subscribers in the October quarter of 2022
Streaming major Disney+ Hotstar continued to see a decline in its paid user base, shedding another 5 Lakh subscribers in the June quarter of 2024 (Q3).
As per parent Walt Disney’s financial statements for the quarter, the OTT platform saw its paid user base decline nearly 1.4% to 3.5 Cr in Q3 from 3.6 Cr in the previous quarter.