Disney+ exceeds expectations and totals 116 million subscribers worldwide

Disney+ again posted strong growth in the second quarter of 2021, reaching the 116 million subscriber mark worldwide. Along with the total, the streaming platform exceeded analysts’ expectations and confirmed the forecast that it would double the total number of users in a year, while the company’s revenue and stock values ​​also saw a positive development because of this.

According to figures published this Thursday (12) by the disneyreferring to the third quarter of the company’s current fiscal year, the increase in the number of subscribers is 12%, above the 114.5 million recorded through March 2021. In total, 174 million people use the company’s streaming services, when the sum of Disney+, ESPN+ and hulu.

On the other hand, the company continues to see a decline in average spend per user, which is also an expected result. The 10% drop, worth around $4.16, again reflects lower subscription prices in countries like Indonesia and India, in addition to bundled deals with other platforms like than Hotstar. The idea is that such packages increase the number of payers and also the attractiveness of the services, even if the value actually delivered by them is a little lower.

The April-June 2021 figures also mark a period of change for the company. Data shows some recovery from a weaker first quarter, with establishments reopening and face-to-face work returning to many key platform countries – the move is also associated with major releases, such as feature film . Cruel and the series Loki.

Shang-Chi and the Legend of the Ten Rings will mark a change in the format of Disney+ releases, with Premier Access ending and the service arriving 45 days after theatrical release (Image: Handout/Disney)

The most direct reflection of all this is the Closing of Premier Accessthat Disney+ subscribers had to pay additional fees, on top of the subscription, to watch movies that were originally supposed to be in theaters. Shang-Chi and the Legend of the Ten Ringsby Marcel, will be the first feature to be released in a new format, debuting on the big screen in Brazil on September 2 and arriving on the streaming service 45 days later at no additional cost.

Amid so many course changes and social upheavals, Disney has always kept its expectations high. According to the company, the forecast is still to reach 2024 with a total of 230 to 260 million subscribers to the streaming service, with investments in original productions, rapid releases of blockbuster movie cinema and combined offers, as well as the arrival in new countries, drive these results.


While the return to in-person activities rattled Disney+’s results in the prior quarter, the same cannot be said for the business as a whole in the most recent period. Between April and June, the company recorded total revenue of US$17.02 billion, with the reopening of parks driving accelerated positive growth and serving to set even better expectations for future periods.

Disney Parks are still operating at a loss, but reopening is seen by Disney as a major growth driver for the coming quarters (Image: Disclosure/Disney)

Just to give you an idea of ​​the magnitude of the change, the Disney parks, experiences and products segment saw a 308% increase in the second quarter of 2021. The sale of merchandising was the main driver of this movement, while the attractions, by themselves, posted a slight loss of $210 million, a result expected due to the length of their closure. Records are losses over the past year, while a reversal is expected already in this third quarter.

The news was good for the market and for Disney shares, which rose 5% before the market opened on Friday (13). Dividends of $0.80 per share, above the $0.55 expected by the market, continue to benefit from positive results, with the shares trading at an appreciation of 4% at the time of writing.

Source: CNBC

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