Disney+ is successfully increasing the number of fans. The Walt Disney Company reported that they reached 152.1 million subscribers during the third quarter. During the quarter, 14.4 million were added to the service, which exceeded expectations by 10 million.
Despite the successful growth, the company slightly lowered the forecast for 2024 to 215-245 million. Previously, the platform was expected to have between 230 and 260 million subscribers.
At the end of the quarter, Hulu had 46.2 million subscribers, while ESPN+ had 22.8 million. These numbers bring Disney’s total DTC (Direct-to-Consumer) subscribers to 221.1 million. That beats Netflix, which reported 220.67 million subscribers in the third quarter. As a reminder, Netflix lost 970 thousand subscribers in the second quarter.
“We had an excellent quarter, with our world-class creative and business teams powering outstanding performance at our domestic theme parks, big increases in live-sports viewership and significant subscriber growth at our streaming services,” says Disney CEO Bob Chapek.