Disney+ gained 10 million subscribers 24 hours after the new streaming service launched in the U.S and Canada. Credit Suisse expects Disney+ to pull in 20 million subscribers before the end of the year.
Analysts at the firm previously expected Disney’s new streaming service to finish the year with 14.3 million subscribers.
For Disney, we are raising our Disney+ estimate once again to 20.0m as of December 31st from 14.3m due to app downloads settling out at a reasonable level and Verizon indicating Disney+ sign-ups have come in well ahead of expectations (though we left bottom line estimates unchanged),
Credit Suisse analysts said in a note Saturday.
Disney+ subscription numbers will continue to increase in 2020 when the service launches in Europe and Latin America.