A List of the Key Numbers You Need to Know From OTT Platforms’ Q1 Earnings

I’ve condensed the key numbers from OTT platforms’ Q1 earnings into a list you can read in one minute. The data you need to know, without any fluff. If you are in the industry, you need to know the following:

– Comcast ๐—ฎ๐—ฑ๐—ฑ๐—ฒ๐—ฑ ๐Ÿฑ๐—  ๐—ฃ๐—ฒ๐—ฎ๐—ฐ๐—ผ๐—ฐ๐—ธ ๐˜€๐˜‚๐—ฏ๐˜€๐—ฐ๐—ฟ๐—ถ๐—ฏ๐—ฒ๐—ฟ๐˜€, to end Q1 with 41M. Revenue of $1.2B, up 16% YoY, on an ๐—˜๐—•๐—œ๐—ง๐——๐—” ๐—น๐—ผ๐˜€๐˜€ ๐—ผ๐—ณ $๐Ÿฎ๐Ÿญ๐Ÿฑ๐— , down from $639M YoY. Comcast ๐—น๐—ผ๐˜€๐˜ ๐Ÿฐ๐Ÿฎ๐Ÿณ,๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—ฝ๐—ฎ๐˜† ๐—ง๐—ฉ ๐—ฐ๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ฒ๐—ฟ๐˜€, ending Q1 with 12.1M domestic video customers.
– Paramount ๐—ฎ๐—ฑ๐—ฑ๐—ฒ๐—ฑ ๐Ÿญ.๐Ÿฑ๐—  ๐—ฃ๐—ฎ๐—ฟ๐—ฎ๐—บ๐—ผ๐˜‚๐—ป๐˜+ ๐˜€๐˜‚๐—ฏ๐˜€, ending the quarter with 79M. DTC revenue of $2.01B, up 9% YoY, ๐—ป๐—ฎ๐—ฟ๐—ฟ๐—ผ๐˜„๐—ฒ๐—ฑ ๐˜€๐˜๐—ฟ๐—ฒ๐—ฎ๐—บ๐—ถ๐—ป๐—ด ๐—Ÿ๐—ผ๐˜€๐˜€ ๐Ÿฒ๐Ÿฎ% ๐˜๐—ผ $๐Ÿญ๐Ÿฌ๐Ÿต๐— . Advertising revenue was 23.1% of DTC revenue.
– WBD ๐—ฎ๐—ฑ๐—ฑ๐—ฒ๐—ฑ ๐Ÿฑ.๐Ÿฏ๐—  ๐——๐—ง๐—– ๐˜€๐˜‚๐—ฏ๐˜€ to end Q1 with 122.3M subs. DTC revenue of $2.65B, up 8% YoY, with ๐—ฝ๐—ผ๐˜€๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ $๐Ÿฏ๐Ÿฏ๐Ÿต๐—  ๐—ฎ๐—ฑ๐—ท๐˜‚๐˜€๐˜๐—ฒ๐—ฑ ๐—˜๐—•๐—œ๐—ง๐——๐—”. Advertising made up 10.2% of DTC revenue.
– Disney ๐—ฎ๐—ฑ๐—ฑ๐—ฒ๐—ฑ ๐Ÿญ.๐Ÿฐ๐—  ๐——๐—ถ๐˜€๐—ป๐—ฒ๐˜†+ ๐˜€๐˜‚๐—ฏ๐˜€๐—ฐ๐—ฟ๐—ถ๐—ฏ๐—ฒ๐—ฟ๐˜€ (126M total); Hulu SVOD gained 1.3M subs (50.3M total), ๐—›๐˜‚๐—น๐˜‚ + ๐—Ÿ๐—ถ๐˜ƒ๐—ฒ ๐—ง๐—ฉ ๐—น๐—ผ๐˜€๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฌ,๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐˜€๐˜‚๐—ฏ๐˜€ (4.4M total); ๐—˜๐—ฆ๐—ฃ๐—ก+ ๐—น๐—ผ๐˜€๐˜ ๐Ÿด๐Ÿฌ๐Ÿฌ,๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐˜€๐˜‚๐—ฏ๐˜€ (24.1M total). DTC business and ESPN+ combined had an ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ป๐—ด ๐—ถ๐—ป๐—ฐ๐—ผ๐—บ๐—ฒ ๐—ผ๐—ณ $๐Ÿฏ๐Ÿฏ๐Ÿฒ๐— .ย Disney’s DTC ESPN offering will offer two plans: ๐—˜๐—ฆ๐—ฃ๐—กโ€™๐˜€ ๐˜‚๐—ป๐—น๐—ถ๐—บ๐—ถ๐˜๐—ฒ๐—ฑ ๐—ฝ๐—น๐—ฎ๐—ป ๐—ฐ๐—ผ๐˜€๐˜๐˜€ $๐Ÿฎ๐Ÿต.๐Ÿต๐Ÿต ๐—ฝ๐—ฒ๐—ฟ ๐—บ๐—ผ๐—ป๐˜๐—ต and its ๐˜€๐—ฒ๐—น๐—ฒ๐—ฐ๐˜ ๐—ฝ๐—น๐—ฎ๐—ป ๐—ฐ๐—ผ๐˜€๐˜๐˜€ $๐Ÿญ๐Ÿญ.๐Ÿต๐Ÿต ๐—ฝ๐—ฒ๐—ฟ ๐—บ๐—ผ๐—ป๐˜๐—ต.
– Fubo’s North America ๐˜€๐˜‚๐—ฏ๐˜€๐—ฐ๐—ฟ๐—ถ๐—ฏ๐—ฒ๐—ฟ๐˜€ ๐—ฑ๐—ฒ๐—ฐ๐—น๐—ถ๐—ป๐—ฒ๐—ฑ ๐Ÿฎ.๐Ÿณ% YoY to 1.47M. ๐—”๐—ฑ ๐—ฟ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ ๐—ผ๐—ณ $๐Ÿฎ๐Ÿฎ.๐Ÿฑ๐—  ๐˜„๐—ฎ๐˜€ ๐—ฑ๐—ผ๐˜„๐—ป ๐Ÿญ๐Ÿณ% ๐—ฌ๐—ผ๐—ฌ, due to Fubo dropping WBD and TVU networks.
– Roku’s Q1 total ๐—ฟ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ ๐˜„๐—ฎ๐˜€ $๐Ÿญ.๐Ÿฌ๐Ÿฎ๐—•, ๐˜‚๐—ฝ ๐Ÿญ๐Ÿฒ%ย YoY; Platform revenue was $881M, up 17% YoY. Devices revenue of $139M, up 11% YoY. FCF of $298.4M, down 30% YoY. ๐—ก๐—ผ ๐—น๐—ผ๐—ป๐—ด๐—ฒ๐—ฟ ๐—ด๐—ถ๐˜ƒ๐—ฒ๐˜€ ๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ ๐—ป๐˜‚๐—บ๐—ฏ๐—ฒ๐—ฟ ๐—ผ๐—ณ ๐—พ๐˜‚๐—ฎ๐—ฟ๐˜๐—ฒ๐—ฟ๐—น๐˜† ๐—ฎ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ฒ ๐˜€๐˜๐—ฟ๐—ฒ๐—ฎ๐—บ๐—ถ๐—ป๐—ด ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐˜‚๐—ป๐˜๐˜€.
– Netflix revenue of $10.54B, up 13% YoY. FCF of $2.66B. Expects ad revenue to “roughly double” in 2025. Still forecasting full year 2025 FCF of about $8B. ๐—ก๐—ฒ๐˜๐—ณ๐—น๐—ถ๐˜…โ€™๐˜€ ๐—ฎ๐—ฑ ๐˜๐—ถ๐—ฒ๐—ฟ ๐—ต๐—ฎ๐˜€ ๐—ฟ๐—ฒ๐—ฎ๐—ฐ๐—ต๐—ฒ๐—ฑ ๐Ÿต๐Ÿฐ๐— ย ๐—ด๐—น๐—ผ๐—ฏ๐—ฎ๐—น ๐— ๐—”๐—จ๐˜€, ๐˜‚๐—ฝ ๐—ณ๐—ฟ๐—ผ๐—บ ๐Ÿณ๐Ÿฌ๐— ย ๐— ๐—”๐—จ๐˜€ ๐—ฎ๐—ป๐—ป๐—ผ๐˜‚๐—ป๐—ฐ๐—ฒ๐—ฑ ๐—ถ๐—ป ๐—ก๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ.
– EchoStar lost 380,000 DISH pay TV customers, of which ๐—ฆ๐—น๐—ถ๐—ป๐—ด ๐—ง๐—ฉ ๐—บ๐—ฎ๐—ฑ๐—ฒ ๐˜‚๐—ฝ ๐Ÿญ๐Ÿต๐Ÿด,๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—ผ๐—ณ ๐˜๐—ต๐—ผ๐˜€๐—ฒ ๐—น๐—ผ๐˜€๐˜€๐—ฒ๐˜€. Sling TV ended Q1 with 1.89M subscribers.
* ๐—ฃ๐—ฎ๐˜† ๐—ง๐—ฉ ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ถ๐—ฑ๐—ฒ๐—ฟ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐˜ƒ๐— ๐—ฉ๐—ฃ๐——๐˜€ ๐—น๐—ผ๐˜€๐˜ ๐—ฎ ๐—ฐ๐—ผ๐—บ๐—ฏ๐—ถ๐—ป๐—ฒ๐—ฑ ๐Ÿญ.๐Ÿณ๐Ÿฑ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—น๐—ถ๐˜ƒ๐—ฒ ๐—ง๐—ฉ ๐˜€๐˜‚๐—ฏ๐˜€๐—ฐ๐—ฟ๐—ถ๐—ฏ๐—ฒ๐—ฟ๐˜€ ๐—ถ๐—ป ๐—ค๐Ÿญ (excluding YouTube TV and DIRECTV).