Disney+ Subscriber Growth Surges, Exceeding Expectations
Record-Breaking Q4 Results
The Walt Disney Company reported impressive financial results for the final quarter of its 2022 fiscal year, showcasing substantial growth in its streaming service, Disney+.
Disney+ subscribers reached a staggering 164.2 million globally, a significant increase from the previous quarter.
The company's adjusted full-year EPS growth target was revised upward to 30%, reflecting the strong performance of its streaming business.
Subscription Surge
SVOD-only (streaming video on demand) subscribers accounted for 46.7 million of the total Disney+ subscriber base, representing a notable increase from the previous quarter.
Disney's total subscriptions across all platforms, including Hulu, ESPN+, and Disney+, climbed to 152.1 million during the company's third quarter.
In the fiscal second quarter, Disney added 7.9 million new Disney+ subscribers, reaching a total of 137.7 million.
Q3 Beat Analysts' Expectations
Disney's third-quarter performance exceeded analyst predictions for subscriber growth.
The company reported 11.6 million paid subscribers, surpassing analyst estimates.
These results highlight the continued success and popularity of Disney's streaming services, solidifying the company's position as a major player in the industry.
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