In today’s Q4 2020 earnings report, Disney announced that Disney+ has reached 73 million subscribers, up from the 60.5 million reported at the end of the previous quarter. Today marks the one year anniversary of the streaming service’s launch.
In October, MoffetNathanson analyst Michael Nathanson predicted the streamer’s subscribers will number closer to a whopping 155 million by the next 4 years.
“While it is still too early to know how the profitability forecast will play out depending on how much Disney will seek to re-invest the higher revenue run rate into programming, we can see the dramatic upside at Disney+ relative to the company’s initial guidance and our estimates after the investor day,” Nathanson wrote at the time.
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Source: Cord Cutters News