Two years after its launch, Disney + already has 118 million subscribers around the world. With two million additional customers registered in the last quarter, growth is still there, but it is slowing down. Moreover, investors were counting on a total of 125 million users and the results announced by the entertainment giant have disappointed specialists.
Forecasts remain enthusiastic for Disney +
The consequences were very rapid with a decline in the company’s stock market share of 3% recorded on Wednesday. Nothing very worrying for Disney which achieves a turnover of 18.5 billion dollars, as well as 160 million in net profits. As BFM notes, at the heart of the health crisis, the company recorded a loss of $ 700 million last year in the same period.
Quoted by our colleagues, Bob Chapek, the boss of Disney wanted to express his optimism: ” I want to reiterate that we remain committed to achieving our long-term goals. We are confident that we are on the right track to meet the targets announced last year of between 230 and 260 million paying Disney + subscribers globally by the end of fiscal year 2024. ».
He is not the only one to be confident in the streaming platform. According to a study by Digital TV Research, the number of Disney + subscribers will reach 284.2 million by 2026, exceeding Netflix’s total of around 270.7 million, according to experts. The growth of the service should be particularly strong in Asia, where the service should have 121 million subscribers on its “Hotstar” offer with which it already operates in India.
Other analysts, like John Hodulik of UBS Bank, believe the platform could become the industry leader with 340 million subscribers worldwide by 2024.
In the meantime, the streaming war continues between Disney + and Netflix. You can find the program for the month of November on the platform in our dedicated article. And because some content is not always available in France, we have put together a guide for you to unlock the US catalog.