Disney’s streaming services—Disney+, Hulu, and ESPN+—have overtaken Netflix in the number of viewers as the Mouse House’s five-year push into the digital streaming space finally comes to fruition.
Disney now boasts 221 million streaming customers across all of its platforms—beating the 220.7 million subscribers Netflix announced in July—after Disney+ added 14.4 million customers in the past quarter ended July 2. Disney’s flagship streaming site also beat analyst consensus polled by FactSet, which predicted it would add 10 million customers in the quarter.
And as Disney’s dominance is expected to grow, analysts expect things could look worse for Netflix moving forward as it struggles to find new viewers.
“Disney is gaining market share when Netflix is struggling to add more subscribers,” Investing.com analyst Haris Anwar told Reuters. “Disney has still more room to grow in international markets where it’s rolling out its service fast and adding new customers.”
https://fortune.com/2022/08/11/netfl...g-subscribers/
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