Today, The Walt Disney Company announced that Disney+ added 11.8 million subscribers last quarter bringing its subscriber count to 129.8 million. In addition, Hulu added 6.6 million subscribers to reach 45.3 million subscribers, and ESPN+ added 4.2 million subscribers to reach 21.3 million.
Average revenue per user (ARPU) improved significantly at Disney+ to $6.68, up 15 percent from a year prior, thanks to fewer wholesale customers.
“We’ve had a very strong start to the fiscal year, with a significant rise in earnings per share, record revenue and operating income at our domestic parks and resorts, the launch of a new franchise with Encanto, and a significant increase in total subscriptions across our streaming portfolio to 196.4 million, including 11.8 million Disney+ subscribers added in the first quarter,” Disney CEO Bob Chapek said in a statement. “This marks the final year of The Walt Disney Company’s first century, and performance like this coupled with our unmatched collection of assets and platforms, creative capabilities, and unique place in the culture give me great confidence we will continue to define entertainment for the next 100 years.”
A big boost for Disney+ was the release of Encanto, which is receiving tons of awards buzz and is continuing to dominate music charts. Also, the addition of Eternals, Hawkeye, and The Book of Boba Fett are the most notable additions the company is giving credits of success to for the streamer’s growth. With Turning Red, Moon Knight, and Obi-Wan Kenobi on the way, expect these numbers to continue to soar as we get further into 2022.