Disney Plus added almost 8 million new subscribers as Netflix struggles

[areyentiraidhi]

 

It gave up a billion in revenue to get content onto Disney Plus

 

 

Disney added 7.9 million new subscribers to its Disney Plus streaming service during the first three months of 2022, the company announced in its Q2 earnings report on Wednesday. That brings the total to around 87.6 million worldwide, excluding the 50.1 million people subscribed to Disney Plus Hotstar internationally. In the US and Canada alone, Disney Plus now has 7.1 million more subscribers than it did a year ago, with 44.4 million.

The company also said that the number of subscribers for all of its streaming offerings — including Hulu and ESPN Plus — had grown to over 205 million, an increase from the 196.4 million it reported in January.

That’s better news than Netflix’s had recently. Last month, the streaming company reported that it had lost 200,000 subscribers compared to the previous quarter, its first dip in over a decade. It’s also faster growth than HBO and HBO Max, which reported 3 million new subscribers last quarter (at around 77 million total customers, HBO is still very much trailing Disney). It’s also worth noting that Netflix still has around 222 million subscribers.

[Spartan]

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