Disney+, the streaming service that launched one year ago today, grew to 73.7 million paid subscribers as of early October.
That’s according to The Walt Disney Company’s fourth quarter earnings report, which covers the company’s finances through October 3. The company previously said Disney+ had 60.5 million subscribers as of August 3.
The release also includes subscriber numbers for Disney’s other streaming services — Hulu had 36.6 million (including 4.1 million subscribers to Hulu + Live TV), while ESPN had 10.3 million (more than doubling from 3.5 million a year earlier).
Overall, Disney’s direct-to-consumer segment saw revenue grow 41% year-over-year to $4.9 billion, while its operating loss fell from $751 million in Q4 2019 to $580 million this year. Disney attributed the shrinking losses to “improved results at Hulu and ESPN+, partially offset by higher costs at Disney+, driven by the ongoing rollout.”
It was a tough quarter for Disney overall, with the pandemic forcing the company to keep some parks closed and the rest operating at reduced capacity. Disney’s revenue fell to $14.7 billion (compared to $19.1 billion during Q4 2019), with a loss of $0.39 per share.
“The real bright spot has been our direct-to-consumer business, which is key to the future of our company, and on this anniversary of the launch of Disney+ we’re pleased to report that, as of the end of the fourth quarter, the service had more than 73 million paid subscribers – far surpassing our expectations in just its first year,” said CEO Bob Chapek in a statement.
During the investor call, Chapek also noted that Disney+ is currently available in more than 20 countries worldwide, with plans to launch in Latin America on Tuesday.
Meanwhile, earlier today, Disney+ pushed the premiere date of its first Marvel series, “Wandavision,” from December until January 15.
