Apple is losing more than $1 billion a year on its streaming service, the Information reported on Thursday, citing two people familiar with the matter. The tech giant has spent more than $5 billion a year on content since launching Apple TV+ in 2019 but trimmed it by around $500 million last year,

Apple TV Plus is losing more than $1 billion every year despite reaching 45 million subscribers in 2024, according to a report from The Information. It’s reportedly the only Apple subscription that isn’t generating a profit.

A new report from The Information claims that Apple is losing over $1 billion a year on Apple TV+ (per Reuters). Apparently, the company has spent more than $5 billion a year on content since the streamer launched in 2019,