Disney Reports Increase in Disney+ Subscribers in Last Quarter


waltz disney announced better-than-expected subscription numbers for its Disney+ streaming service in the last quarter, avoiding a downturn that dogged streaming rival Netflix Inc.

For the company’s second fiscal quarter, Disney announced 7.9 million new Disney+ subscribers to reach 137.7 million subscribers, up from 129.8 million in the prior quarter. Analysts polled by FactSet expected the company to add 5.2 million net new subscribers to the platform, for a total of about 135 million.