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Its subscriber base stands at 40.4 million at the end of June 2023. Between September 2022 and June 2023, the platform has lost a whopping 20 million-plus subscribers.
Disney+ Hotstar subscribers stood at 61.3 million in October 2022. However, average subscriber revenue dropped 9 per cent in a year.
Christine McCarthy, Senior Executive Vice-President and Chief Financial Officer, also said that subscriber visibility in India will be clearer over time once the ICC and BCCI cricket rights sales processes are completed