Disney+ Hotstar lost nearly a fourth of its customer base, or 12.5 million subscribers, in the quarter ending June, Disney disclosed in its earnings Wednesday, the ongoing setback at the India-focused streamer that’s reeling from the lack of cricket content.
This is the third consecutive quarter in which Disney has lost subscribers. Hotstar had 40.4 million subscribers at the end of June, down about 21 million since October 2022. The fall in subscribers comes at a time when Disney is rumored to be exploring a sale or forming a joint venture for the broader India business.
Bob Iger, Disney CEO, didn’t necessarily offer a strong India outlook on the earnings call. Asked how Disney+ Hotstar was shaping the company’s view on long-term international streaming strategy, and wheth …
