Disney Plus Reaches Nearly 130 Million Subscribers Worldwide

Disney's streaming service has soared to new heights.

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As part of the Walt Disney Company's earnings release on Wednesday, the media giant confirmed that Disney+ now has almost 130 million paid subscribers globally.

As you can see in the graph below, Disney+ now has 129.8 million paid subscribers globally. This includes subscribers to Hotstar, which is a version of the service for India. Excluding Hotstar, Disney+ had 84 million paid subscribers worldwide. In the US alone, Disney+ had 42.9 million members. All of these numbers are up more than double-digit percentage points year-over-year.

Across all of Disney's subscription offerings--which also includes Hulu and ESPN+--the company ended the quarter with 196.4 million. For Disney+ specifically, the company added 11.8 million new subscribers over the past three months.

Disney+ is growing
Disney+ is growing

Although Disney's various subscription offerings posted year-over-year gains in terms of membership, Disney+ continued to lose money (which is not uncommon for a new platform at the beginning of its lifecycle).

Disney reported that direct-to-consumer revenue for the quarter, which includes Disney+, rose by 34% to to $4.7 billion. However, this division posted an operating loss of $600 million, and this was "due to higher losses at Disney+," the company said. ESPN+ losses also hurt Disney's direct-to-consumer division, but at a lesser rate. Hulu, meanwhile, helped offset the losses with its own profit improvement.

For the US specifically, Disney+ average revenue per user was $6.68, up from $5.80 during the same period last year.

The past three months saw a number of new additions to Disney+ that might have helped improve subscriber numbers, including Hawkeye, The Beatles: Get Back, and The Book of Boba Fett.

Disney+ is poised for further growth in the future. Just today, Disney announced that one of its next big Star Wars show, Obi-Wan Kenobi, will premiere on May 25.

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