Disney+ officially launched in the United States one year ago, and the streaming service had some exciting news to announce on its first year anniversary. The outlet announced today that it has reached over 73 million paid subscribers globally. Back in August, Disney shared that it had topped 60.5 million paying subscribers.
In addition, Disney also announced ESPN+ reached over 10 million subscribers for the first time which is almost triple the level of a year ago. Hulu reported 32.5 million subscribers to its on-demand service and another 4.1 million to the Hulu with Live TV package. These totals were up 28% from the same period a year ago.
“Even with the disruption caused by COVID-19, we’ve been able to effectively manage our businesses while also taking bold, deliberate steps to position our company for greater long-term growth,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company. “The real bright spot has been our direct-to-consumer business, which is key to the future of our company, and on this anniversary of the launch of Disney+ we’re pleased to report that, as of the end of the fourth quarter, the service had more than 73 million paid subscribers – far surpassing our expectations in just its first year.”
The numbers released were part of Disney’s fiscal fourth quarter earnings release today. Direct-to-Consumer & International revenue for the quarter increased 41% to $4.9 billion, while operating losses in the unit decreased from $751 million to $580 million.