Yahoo Finance Disney+ has more than 73M subscribers
Disney+, the streaming service that launched one year ago today, grew to 73.7 million paid subscribers as of early October.
That's according to The Walt Disney Company's fourth-quarter earnings report, which covers the company's finances through October 3. The company previously said Disney+ had 60.5 million subscribers as of August 3.
The release also includes subscriber numbers for Disney's other streaming services — Hulu had 36.6 million (including 4.1 million subscribers to Hulu + Live TV), while ESPN had 10.3 million (more than doubling from 3.5 million a year earlier).
Overall, Disney's direct-to-consumer segment saw revenue grow 41% year-over-year to $4.9 billion, while its operating loss fell from $751 million in Q4 2019 to $580 million this year. Disney attributed the shrinking losses to "improved results at Hulu and ESPN+, partially offset by higher costs at Disney+, driven by the ongoing rollout."
It was a tough quarter for Disney overall, with the pandemic forcing the company to keep some parks closed and the rest operating at reduced capacity. Disney's revenue fell to $14.7 billion (compared to $19.1 billion during Q4 2019), with a loss of $0.39 per share.
"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," said CEO Bob Chapek in a statement.
During the investor call, Chapek also noted that Disney+ is currently available in more than 20 countries worldwide, with plans to launch in Latin America on Tuesday.
Meanwhile, earlier today, Disney+ pushed the premiere date of its first Marvel series, "Wandavision," from December until January 15.
