Disney+ continues to attract new users. It has more than doubled its subscribers from 2020 to reach 116 million by the end of Disney’s third quarter of 2021.
CNBC reports that Disney has announced its subscriber growth numbers and a Wall Street beat.
Analyst expectations for Disney+ exceeded by almost 1.5 million to reach the 116million subscribers. This is more than a 100 percent increase over last year’s 57.5million subscribers.
Disney+ was launched in November 2019 and has experienced a rapid rise in subscribers. This number has risen to 73.7 million just half a year after its launch. This happened just 16 months after Disney span was launched.
Disney reported that, despite rapidly growing subscriber numbers in the quarter just ended, the average monthly revenue per customer fell to $4.16 from the $4.62 the year before. This is partly due to the higher number of Disney+ Hotstar subscribers from India and Indonesia.
All streaming services saw growth in the third quarter of 2018. Hulu subscribers grew to 42.8million, from 35.5million.
Disney+ gives customers access to a variety of legacy and new content, including Pixar and Star Wars, Marvel Universe, Star Wars, and National Geographic. Marvel Studio’s “What If? The Mandalorian?” and “What If?” Both series are original.
Apple TV+, Apple’s streaming service, was launched in the same time period as Disney’s. It hasn’t had the same success.