The streaming industry has never been so crowded. And as Wall Street and cash-conscious consumers have begun to look at the business with a more critical eye, it’s time once again to round up the total subscriber and average revenue per user (ARPU) stats we learned about the major streamers from the most recent round of quarterly earnings results.
Despite the promise of a more lucrative tomorrow (emphasis on tomorrow) relentlessly pushed by media companies in recent quarterly earnings reports, Wall Street has been less than kind to Hollywood in 2022. All the major entertainment companies have seen shocking drops in stock prices this year including Netflix (59%), Disney (29%), Paramount Global (21%) and Warner Bros.