Disney Plus now has over 73 million subscribers to its popular streaming service, which rivals that of Netflix’s numbers in the United States…
Almost exactly one year ago, Disney first released its streaming platform, Disney Plus. Launched on Tuesday, November 12th, 2019, analysts predicted Disney+ would reach between 10 and 18 million subscriptions in its first year and 60 to 90 million subscribers over five years time. However, it amassed 10 million subscriptions in just 24 hours. Then, it surpassed 28.6 million less than 3 months later. Now, Disney Plus’ customer base sits over 73 million.
Disney Plus Tops 73 Million Subscribers
Overall, the Disney company’s direct-to-consumer segment experienced a 41% revenue growth, year-over-year to $49 billion. Meanwhile, its operating loss declined. It fell from $751 million in the fourth quarter of last year to $580 million this year. The company says that it partly attributes its shrinking losses to not only Disney+, but also, Hulu, and ESPN+, as well. CEO Bob Chapek in a statement:
“The real bright spot has been our direct-to-consumer business, which is key to the future of our company, and on this anniversary of the launch of Disney+ we’re pleased to report that, as of the end of the fourth quarter, the service had more than 73 million paid subscribers – far surpassing our expectations in just its first year.”