Disney+ Gains Whopping 14.4 Million Subscribers in Third Quarter

Disney+ is continuing its trend upward. Prior to today’s third quarter earnings call, the company revealed the streamer had gained 14.4 million subscribers, bringing the total number of subscribers up to about 152 million.

The company, which also spans Hulu and ESPN+, reported a total streaming reach of 221 million, up more than 15 million from their second quarter announcement of 205.9 million subscribers. Hulu had an 8% increase in subscribers since last year, putting it at 46.2 million, while ESPN+ was up 53% at 23 million paid subscribers. With Disney aiming to garner 230 to 260 million subscribers on Disney+ by 2024, the new numbers show that they are less than 100 million subscribers away from their goal.

The company also announced its plans to increase prices on the three platforms as well as create a cheaper, ad-supported tier to Disney+.

The latest stats come after the premiere of Obi-Wan Kenobi, Sneakerella, and Ms. Marvelwhich likely helped boost subscribership. There is also much more to look forward to before the end of the fiscal year with She-Hulk: Attorney at Law, Hocus Pocus 2and Pinocchio (2022), meaning it can only go up from here for Disney+.

This brings Disney+ about 68 million subscribers away from its rival, Netflix, who currently has 220.67 million subscribers. Netflix recorded its first loss in subscribers in over 10 years during the first quarter of 2022, and predicted they’d lose 2 million more during the second. However, the company reported a loss of only 970,000 subscribers, about one million less than they expected, during the second quarter earnings call. Good thing for Stranger Things 4.

As for the rivalry, you know what they say: one man’s loss is another man’s treasure, and Netflix’s decline in subscribers may have put Disney+ right on track to catch up.