Disney+ reaches 116 million subscribers

SAN FRANCISCO: Disney's video on-demand streaming service Disney+ announced that it has doubled to 116 million subscribers from 57.5 million a year earlier.

In its earnings report on Thursday, the company said that across Disney+, ESPN+ and Hulu, Disney reported a total of 174 million subscribers. Disney also beat estimates on earnings and revenue, boosting the stock by about 6 per cent in after-hours trading, reports CNBC. "We ended the third quarter in a strong position, and are pleased with the company's trajectory as we grow our businesses amidst the ongoing challenges of the pandemic," said Bob Chapek, Chief Executive Officer, The Walt Disney Company.

"We continue to introduce exciting new experiences at our parks and resorts worldwide, along with new guest-centric services, and our direct-to-consumer business is performing very well, with a total of nearly 174 million subscriptions across Disney+, ESPN+ and Hulu at the end of the quarter, and a host of new content coming to the platforms," Chapek added. (IANS)

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