The streaming service Disney+, launched more than a year ago, had grown to 73.7 million paying subscribers by early October.
According to the Walt Disney Company The fourth quarter earnings report covers the company’s financial status as of October 3. The company previously stated that as of August 3, Disney+ had 60.5 million subscribers.
The release also includes the number of subscribers to Disney’s other streaming services-Hulu has 36.6 million (including 4.1 million Hulu + Live TV subscribers), while ESPN has 10.3 million (more than doubled from 3.5 million a year ago).
Overall, Disney’s direct-to-consumer business revenue increased 41
For Disney as a whole, this has been a difficult quarter, as the pandemic forced the company to close some parks, while the remaining parks reduced operating capacity. Disney’s revenue fell to US$14.7 billion (US$19.1 billion in the fourth quarter of 2019) and a loss of US$0.39 per share.
“The real highlight is our direct-to-consumer business, which is critical to our company’s future. On the first anniversary of the Disney+ launch, we are pleased to report that as of the end of the fourth quarter, paying users of the service More than 73 million, which far exceeded our expectations in the first year alone.” CEO Bob Chapek said in a statement.
In the investor conference call, Chapek also pointed out that Disney+ is currently available in more than 20 countries/regions around the world and plans to launch in Latin America on Tuesday.
At the same time, earlier today, Disney+ postponed the premiere date of its first Marvel series “Wanda Vision” from December to January 15.