Disney released its quarterly results for the second quarter of 2022. This shows that Disney’s streaming services (Disney+, Hulu, and ESPN+) now have more subscribers than Netflix. Netflix again had to record a subscriber loss in the second quarter.
Disney has benefited from Netflix’s loss of subscribers. The streaming service, which has long had a monopoly on streaming movies and series, had to post a loss again at the end of the second quarter. In total, Netflix lost 970,000 subscribers. On the other hand, Disney’s streaming services (Disney+, Hulu, and ESPN+) are growing. This means that they have now exceeded the number of Netflix subscribers.
Disney streaming services
The only Disney streaming service available in our country is Disney+. But Disney has many other streaming services in other countries. As a result, the total number of subscribers is higher than the number of Netflix subscribers.
At the end of the second quarter, Netflix had 220.67 million subscribers, after losing more than 1 million subscribers so far this year. Disney+ ended the second quarter with 152.1 million subscribers, up 14.4 million from the previous quarter. Hulu has 46.2 million subscribers and ESPN+ has 22.8 million subscribers. As a result, Disney’s streaming service now totals 221.1 million subscribers, outperforming its closest competitor, Netflix, for the first time.
Altogether, Disney generated sales of $21.5 billion (20.87 billion euros) in the second quarter of 2022. This is a 26 percent increase over last year. The company made a net profit of $1.4 billion (1.36 billion euros), an increase of 53 percent from last year.
Disney + with ads
Netflix previously announced that it wants to address the loss of subscribers by offering a cheaper subscription, where users will see ads between series and movies. Disney+ has now also announced such a formula.
Currently, the streaming service has announced the subscription by advertising for the US only. It will be available there from December. It is not yet known whether it will also be launched in our country.
