Disney’s streaming services overtake Netflix in total subscriber numbers

Walt Disney reported a total of 221.1 million subscribers for its fiscal third quarter ended in June. The subscribers cover Disney+ (152 million), ESPN+ (22.8 million), and Hulu total including Live TV, at (46.2 million).

The new subscriber estimates mean Disney has now overtaken Netflix, which reported 220.67 million global subscribers after losing about 970,000 for the three months.

However, figures for Disney are expected to fall after the company failed to secure the cricket streaming rights in India, where much of the Disney+ subs are based.

Like other platforms, streaming services are suffering from declining subscriber numbers. Various reasons are necessarily responsible for the decline, some of which involve increased competition and inflation, which has forced many users to cut back on spending.

Netflix was hit by the decline as it lost 200,000 subscribers in the first quarter of 2022 and forecast a higher loss of up to 2 million for the following quarter but managed to beat its decline forecast as it recorded only a loss of almost 1 million subscribers, which was seen in part as a victory.

Although the projected loss of 970,000 subscribers is better than expected the loss for Netflix is the largest loss in its history.

The sources for this piece include an article in DEADLINE.

IT World Canada Staff
IT World Canada Staff
The online resource for Canadian Information Technology professionals.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

ITW in your inbox

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

More Best of The Web