Disney Reveals 164.2 Million Current Disney+ Subscribers

During today’s Walt Disney Company quarterly earnings call, Disney CEO Bob Chapek revealed a large increase in Disney+ subscriber numbers.

What’s Happening:

  • Disney+ has an impressive 164.2 million subscribers compared to 118.1 million at the end of last year.
  • That number is a 12.1 million increase in subscribers from the previous quarter.
  • Disney still expects Disney+ to be profitable in their 2024 fiscal year, projecting somewhere between 300 and 350 million subscribers by that time.
  • Disney will make Disney+ profitable by increasing prices, adding advertising, lowering marketing spending, and prioritizing high-impact content.
  • Disney's streaming losses were $1.47 billion in the last quarter. This compares to $630 million in the 4th quarter of last year.
  • Meanwhile, ESPN+ went up to 24.3 million subscribers from 17.1 million.
  • Hulu had the slowest growth in subscribers going from 43.8 million to  47.2 million. Regular Hulu was up 8% while Hulu with Live TV went up 10%.
  • Another interesting note is that 40% of domestic Disney+ subscribers are in the Disney Bundle, the package that bundles together Disney+, ESPN+ and Hulu.
  • Disney CEO Bob Chapek said today that going forward, the company is primarily focused on profitability over subscriber growth for their streaming services.

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