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Disney Plus Tops Expectations, Reaches 116 Million Subscribers

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variety.com
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Todd Spangler NY Digital EditorDisney Plus rebounded in the second calendar quarter of the year, reeling in 12.4 million net new subscribers to stand at 116 million worldwide as of July 3 — beating analyst targets.Wall Street analysts on average had forecast Disney Plus subscribers coming in at 112.8 million for the period.Click here to sign up for Variety’s free Media Earnings newsletter.The results come after Disney missed expectations for Disney Plus net adds for the first three months of the year, after it boomed in 2020 amid pandemic lockdowns.The June quarter, Disney’s fiscal Q3 2021, was the first period to fully reflect Disney Plus’ price hikes earlier this spring.

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