Today Disney is hosting their Q3 Earnings Call, during which they report on their 2021 financials for their third quarter.
©Disney+
Disney+ was launched in 2019 and has grown immensely since then. Today Disney reported on the number of Disney+ subscribers, and it surpassed their expectations.
Disney announced today that as of July 3, 2021, Disney+ has grown to 116 million subscribers. This exceeded their projections for 113 million subscribers. Disney+, ESPN+, and Hulu have performed well at 174 million subscriptions combined.
©Disney/Marvel
Advertising revenue increased by $400 million due to ESPN, and there was an increase in Hulu’s revenue due to growth in subscribers and advertising revenue. Revenues for Disney’s Direct-to-Consumer programs increased by 57% to $4.3 billion. Also, they reported an operating loss decrease from $0.6 billion to $0.3 billion.
©Disney
We will be reporting as we learn more from Disney’s Q3 Earnings Call, so keep checking back with DFB for all the breaking Disney news!
Read MORE about Disney’s Q3 Earnings Call here!Â
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