According to analyst firm MoffettNathanson, Disney+ is on track to reach 155 million global subscribers by 2024, including more than 50 million domestic subscribers . This number far surpasses growth forecasts Disney had predicted back in 2019. At that time, the streaming service projected a number of 60 million to 90 million subscribers by 2024.
“While it is still too early to know how the profitability forecast will play out depending on how much Disney will seek to re-invest the higher revenue run rate into programming, we can see the dramatic upside at Disney+ relative to the company’s initial guidance and our estimates after the investor day,” Nathanson wrote.
MoffettNathanson also estimates that Hulu will reach 66 million subscribers and ESPN+ will reach 18 million subscribers by 2024. Disney’s predictions last year were projected that Hulu will grow to between 40 million and 60 million subscribers and ESPN+ will grow to between 8 million and 12 million by 2024.
In August, Disney announced that Disney+ has reached 60.5 million paying subscribers globally, just 9 months after its initial launch.