The Colorado Springs Gazette final

Disney+ counts 221M streaming subscribers

Pushes just ahead of rival Netflix

Associated Press

Disney said Wednesday it added 14.4 million subscribers to its Disney+ streaming service in the April-june fiscal quarter, putting it just ahead of Netflix in the streaming wars with about 221 million streaming subscriptions.

Netflix ended June with 220.7 million subscribers after losing nearly 1 million subscribers in the past quarter.

Disney’s growing streaming sales combined with a recovering theme park business after pandemic-era shutdowns led the Burbank, California-based entertainment giant to beat Wall Street expectations with quarterly earnings Wednesday.

Disney reported revenue of $21.5 billion in the three months through July 2, up 26% from the same time last year.

Earnings per share came to $1.09 when excluding certain items. Analysts polled by Factset projected adjusted earnings of 97 cents per share on revenue of $20.99 billion for the quarter, according to Factset Research.

BUSINESS

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2022-08-11T07:00:00.0000000Z

2022-08-11T07:00:00.0000000Z

https://daily.gazette.com/article/281956021561451

The Gazette, Colorado Springs