Walt Disney’s total DTC subscriptions all in totaled 221.1 million for the company’s fiscal third quarter ended in June. That was a big beat for Disney+ and its parent, Deadline reported.
It also passed Netflix in total subscriptions. That streamer noted that subscriptions and subscribers are not apples to apples. Netflix most recently reported 220.67 million total global subscribers. The main difference is Netflix doesn’t have bundles,.
Disney counts subscribers to SVOD bundles as one for each service included. (As in, subscribers to Hulu Live TV + SVOD offerings are counted as one each for Hulu Live TV + SVOD, Disney+ and ESPN+.) “When we aggregate the total number of paid subscribers across our DTC streaming services, we refer to them as paid subscriptions,” Disney’s earnings release says.
Disney’s numbers include Disney+ (152M), ESPN+ (22.8M) and Hulu total, including Live TV, at (46.2M).
Disney will shed some subscribers down the line after losing a bidding war for streaming cricket rights in India, where a big chunk of Disney+ subs are based.
So the numbers may shift but ebb and flow shows just how volatile the streaming business is.
Netflix, the established leader, set off a wave of jitters with an unexpected loss of 200,000 subscribers in the first quarter of 2022 and warned of a potentially steeper loss for the following quarter of up to 2 million. When it came out with loss of just under 1 million subs—about 970,000—that was viewed in part as a victory. It was the biggest sub loss in the company’s history (saved in part by fourth season of Stranger Things that was released in May).
The Reed Hastings and Ted Sarandos-led giant is also in the process of rolling out an ad-supported streaming tier.
Media stocks rallied along with broader markets. Disney is up nearly 5% and Netflix is flat in after-market trading. Disney announced its quarterly numbers just after market close.
15:23, September 27'The Witcher' prequel has release date
14:57, September 27Netflix to release documentary about Robert Downey Sr.
10:48, September 27Russia not to nominate its movie for Oscar this year
15:40, September 26Spin The Magic': Symbol of this year's 'Junior Eurovision' contest to be held in Yerevan is known
14:07, September 26Netflix unveils first clip from 'Bridgerton' prequel
13:19, September 26Rihanna to give her first concert in five years
12:07, September 26Netflix shows teaser for fourth season of 'You'
11:23, September 26Late Elizabeth II's favorite movie's name is revealed
10:11, September 26Latest episode of ‘House of the Dragon’ released
15:32, September 25Alec Baldwin's 8th child is born
14:31, September 25Shakira breaks silence, speaks about Gerard Pique breakup
12:19, September 25‘The Crown’ 5th season to begin on November 9