Member Mailing #274: ARPU & Convergence

Answers about Average Revenue per User (ARPU) on recent Q2 2021 earnings calls shed light on emerging "Metaverse"-type convergence strategies

Key Takeaways

• Questions about ARPU have been a common theme of earnings calls in streaming for the last fiscal quarter (Q2 2021)

• Apple, Spotify, Netflix, Verizon and Lionsgate executives were each asked about ARPU

• If “Metaverse”-type convergence is a strategy, none of them are (1) actually thinking about it, nor (2) are positioned to move on it.

• The only c…