Disney+ Already Has Over 26 Million Subscribers

Posted on February 5, 2020 by Paul Thurrott in Disney+ with 7 Comments

Disney’s new video streaming service, Disney+, is off to a much faster start than anyone thought possible. Including Disney.

The figure came as part of Disney’s quarterly financial results, in which the firm announced that it earned $2.1 billion in net income on revenues of $20.9 billion, the latter of which is a 36 percent improvement over the same quarter a year ago.

“We had a strong first quarter, highlighted by the launch of Disney+, which has exceeded even our greatest expectations,” Disney CEO Bob Iger said in a prepared statement. “Thanks to our incredible collection of brands, outstanding content from our creative engines and state-of-the-art technology, we believe our direct-to-consumer services, including Disney+, ESPN+, and Hulu, position us well for continued growth in today’s dynamic media environment.”

Iger also noted in a post-earnings conference call that the Disney+ figure is from the previous quarter only and that the subscription base has continued to grow since then. Previously, Disney had noted that 10 million subscribers signed up for the service when it first launched in November.

Hulu, another Disney video streaming service, is also doing well: It had 30.4 million paying subscribers by the end of the previous quarter, a jump of 33 percent YOY. It is up to 30.7 million subscribers now, Disney added. And ESPN+ subscribers more than quadrupled to 6.6 million during the quarter, up from 1.4 million a year ago. (ESPN+ hit 7.6 million subscribers this week, Disney added.)

Of course, all of these services have a long way to go before they can seriously threaten the market leader. Netflix had over 167 million subscribers as of the end of 2019.

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Comments (7)

7 responses to “Disney+ Already Has Over 26 Million Subscribers”

  1. Avatar

    spacein_vader

    I'll be interested to see how their European launch goes vs expectations. There seems to be a view over here that they made an error by not launching worldwide simultaneously (or at least within a week or two,) and will miss out on subscribers after the new content as a result.


    For example many of those who wanted it for The Mandalorian have found alternative methods to see it already.

  2. Avatar

    lvthunder

    I wonder how many dropped off after the Mandalorian ended. One of these days I'll subscribe. There's a few things I want to watch there, but I have other shows I want to watch first.

  3. Avatar

    Thretosix

    About to cancel mine. Seems they don't want to make Star Wars movies anymore and I'm not paying $70 a year for 8 episodes of The Mandalorian. For me to have any serious interest in Disney going forward Bob Iger needs to be sent packing. He's tone deaf to the situation that he messed up and wants to blame fans. That is just $%#%$#%^$#^%!!!

    • Avatar

      datameister

      In reply to Thretosix:


      Well that's better than me. I plan to wait until the Mandalorian has finished before subscribing for a month to watch that and some of the other Disney+ original stuff. Maybe I'll even wait until the first Marvel series has finished before I bite.

  4. Avatar

    earlster

    I wasn't going to jump on it, but then they bundled it with Hulu and ESPN+ at a price I couldn't refuse. However beyond The Mandalorian and re-watching the old Star Wars movies, there is little that I'm interested in. The family likes some of the Disney tear jerkers.

  5. Avatar

    red.radar

    I have young kids in the house. We stream the Disney channel content regularly. It’s been a home run hit for our house hold. Always something to watch. Between Disney+, Amazon Prime and stuff we record OTA we are quite satisfied.


    in fact we stream Disney+ through the Apple TV. It gets used soo much that my toddler son calls the Apple TV remote the “Disney remote”. Don’t think Disney will take too kindly being associated with that remote /s


  6. Avatar

    jeff_s

    Other than the Mandalorian, there is little reason for me to watch Disney. I've seen it all on other services, many times.

    The Mandalorian is fantastic though! I watch it with my son, on his account.

    If they charged a buck or two per episode of that, I might get on board.

    Otherwise, nah.

    It's obviously families that are jumping on, and I get that, if you have little ones.

    Unlimited streaming of great kid friendly shows? Heck yeah!

    Not my jam though.

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