More than 9 million new subscribers to Disney’s online video platforms were reported in the first three months of the year, most of them to its flagship Disney+.
Results end speculation on steaming companies, after rival Netflix reported a fall in subscribers last month.
Since launching in 2019, the number of Disney+ subscribers has reached nearly 138 million. Netflix, which is changing its sharing password policy to sing up new members, has an already massive 220 million base.
“Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services—with 7.9 million Disney+ subscribers added in the quarter and total subscriptions across all our DTC offerings exceeding 205 million—once again proved that we are in a league of our own,” Disney CEO Bob Chapek said in a press release.
Disney executives said subscriber growth over the last six months was stronger than they had expected and driven mostly in international markets.
Overall Disney revenues in the first three months of the year rose 23% from a year ago to $19.25 billion, boosted by its amusement park business, which saw revenues more than double.