Disney Plus Reaches Nearly 130 Million Subscribers Worldwide
Disney's streaming service has soared to new heights.
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.
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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