Following Launch of Marvel’s Loki, Disney+ Has Doubled Subscriber Base for Q3 2021
As per the latest reports, Disney+ has gone ahead and shared its subscriber base expectations for the third quarter of 2021. In the report, the expectations Disney+ has set have surprised not only the Disney and Marvel community but also the entire investor community.
According to reports, Disney+ has gone ahead and doubled the size of its subscribers that it is expecting in the third quarter of 2021. Disney+ has revealed that the reason behind increasing the number of subscribers on its online streaming platform is the launch of new series.
It had already been announced that soon Marvel will be launching its Pixar’s Luca and Marvel’s Loki series. The details have been confirmed that both series will be released through the Disney+ platform. Disney+ revealed that it is expecting that many users would subscribe to the Disney+ platform in order to watch these series.
It was on Thursday, August 12, 2021, when Disney went ahead sharing its earnings report for the second quarter of 2021. While sharing the earnings report, Disney talked about the subscriber base it recorded for the last 12 months.
The firm revealed that in the last 12 months, the subscriber base of the company has increased to 116 million, which was just 57.5 million 12 months earlier than the last 12 months.
The firm revealed that for the last 12 months, the analysts had predicted that the subscriber base would be 114.5 million. However, the final results showed that Disney had managed to sign up 1.5 million more users. This information was also confirmed by one of the data analyzing firms known as StreetAccount.
Including the subscriber base for other Disney-run projects such as Hulu and ESPN+, the total user base Disney reported in the last 12 months including Disney+ was 174 million subscribers.
Disney revealed that it also achieved more earnings and revenue than what was estimated by the analysts. After sharing the earnings report, Disney reported a surge of 6% in its stock prices in the after-hours trading.
Following a successful subscriber base in the second quarter of 2021, Disney+ has estimated that by the year 2024, they will have achieved a subscriber base of 230 million to 260 million users.
Disney+ announced that for a while, it has been releasing some very high quality and highly demanded exclusive content for its subscribers. The company revealed that on average, its subscribers are paying much less than what other companies are paying.
According to data, Disney+ revealed that its monthly revenue at an average rate had fallen from $4.62 a year earlier to $4.16 in the running year.