It looks like Disney+ ended their 2021 on a high note, as it was now revealed that they blasted past expectations and have hit 130M users by the end of the year. Within the fourth quarter which officially ended on January 1st, 2022, they have added 11.8M users which is far beyond the expected 7.3M forecast. Disney has reported overall revenue of $21.82B in the same period, which beat analysts consensus of around $18.36B.
It’s a big victory for Disney, especially as it was reported in a prior quarter that they were far behind their predicted subscriber growth in the third quarter. It has grown by 37% in total from the 93.9M in the prior year. It’s natural that the growth would need some time.
The biggest surprise is that they released their subscriber numbers by region with U.S. and Canada making up 18%. As expected, their Indian offering Disney+ Hotstar stood at the strongest with a 57% dominance with 45.9M. The streaming service had strong international growth and its fourth-quarter was pushed strongly by offerings like the Beatles documentary Get Back and Marvel Studios’ latest live-action series Hawkeye. The subscriber has pushed its content strongly through existing IPs and its growth has been supporting their strategy.
Source: Variety
