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.

More Disney+ News:

Lin-Manuel Miranda has joined the cast of the upcoming Disney+ original series Percy Jackson and the Olympians.
Marvel continues to add to the already impressive cast of Agatha: Coven of Chaos. Sasheer Zamata is the latest name added to the list of talent for the series.
Disney+ has released a new trailer for Walt Disney Animation Studios’ new series Zootopia+. All six episodes launch on the streaming service this Wednesday, November 9th.