The Disney+ streaming service welcomed nearly eight million new subscribers in the last quarter. Competitor Netflix recently struggled with a contraction.
Disney+ had 137.7 million paying members at the end of the second quarter of its interrupted fiscal year. This is a third more than the same period last year. All of Disney’s streaming platforms, which also own Hulu and online sports channel ESPN+, had a combined total of 205 million subscribers.
That’s close to Netflix’s roughly 221.6 million subscribers. The market leader in streaming films and series lost 200,000 subscribers in the last quarter. Netflix pointed out that many releases are possible again and therefore home streaming is less popular. However, competition from other streaming services is also significant.
Disney+ growth was also weaker than in the previous quarter, partly due to the end of the lockdown. However, it surprised connoisseurs, who expected an average of 134.4 million new members.
Due to the end of shutdowns in the United States, Disney has also made a lot of money from its theatrical films and theme parks. As a result, sales increased 23% year-on-year to $19.2 billion.
The company recorded a net profit of 470 million euros, almost half less than a year earlier. This is due to higher taxes. Operating income, which does not yet include taxes, increased by half.