Disney+ has 26.5 million subscribers, beating expectations

  • Disney+ has 26.5 million subscribers, beating expectations

Disney+ has 26.5 million subscribers, beating expectations

Disney CFO Christine McCarthy said on the call that Disney expects "subscriber growth in the near term to come primarily from outside the US, with the next meaningful phase of subscriber growth likely to coincide with the release later this calendar year of highly anticipated original content from Marvel and Season 2 of The Mandalorian".

On Disney's Q1 earnings call, CEO Bob Iger dropped the release dates for the highly anticipated second season of the Star Wars show as well as the first two Marvel series, The Falcon and the Winter Soldier and WandaVision.

Disney+ had 26.5 million subscribers at the end of December 28, while analysts at three brokerages had expected the company to report 20 million subscribers.

Iger also floated the possibility of infusing "The Mandalorian" with more characters and taking their "stories in new directions", nodding to potential for spinoff series. This is the way.

The service is now available in the United States, Canada, Australia and New Zealand and will launch in the U.K., France, Germany, Italy, Ireland, Spain, Austria and Switzerland on March 24.

Walt Disney Co said its Disney+ streaming service had 26.5 million subscribers at the end of the quarter and beat analysts' estimates for quarterly revenue on Tuesday, riding on the box-office success of its animated film "Frozen:2".

Also worth noting: Someone can be a "paid subscriber" from Disney's perspective without actually paying Disney, thanks to TechCrunch's parent company Verizon providing certain customers with 12 months of Disney+ service for free. It will roll out to the United Kingdom and Western Europe on March 24. As The Verge points out, Disney+ has surpassed the number of HBO Now subscribers and is gaining on Netflix's U.S subscriber count, which is at 61 million as of January 2020. The day after the launch, the company said the service already had more than 10 million subscribers.