Disney + finally knocked Netflix off its streaming throne, earning more subscribers than its arch rival for the first time.
The latest figures show that the streaming giant has gained another 14.4 million subscribers, bringing it to a total of 221.1 million.
This put Netflix back in second place with 220.67 million subscribers.
Ewan McGregor reprises his starring role in Obi-Wan Kenobi. Photo: Lucasfilm
Netflix started streaming in 2007, while Disney + only launched in 2019.
Disney + offers classic Disney movies, Star Wars spin-offs including The Mandalorian and Obi-Wan Kenobi, as well as Marvel offerings including Ms Marvel and WandaVision.
The lineup proved to be a tough match for Netflix, which recently revealed it lost nearly a million subscribers in the last quarter.
One of Netflix’s biggest hits to date is the Stranger Things franchise with Millie Bobby Brown, currently airing its fourth season. Squid games and Bridgerton were also extraordinary hits.
Speaking on the recent success of the Disney streaming platform, CEO Bob Chapek said, “We had an excellent quarter, with our world-class creative and commercial teams delivering outstanding performance in our national theme parks, big increases. live sports viewers and significant growth in subscribers to our streaming services.
“With 14.4 million Disney + subscribers added in fiscal third quarter, we now have 221 million total subscriptions in our streaming offerings.
“We continue to transform entertainment as we approach our second century, with compelling new storytelling on our many platforms and unique immersive physical experiences that exceed guest expectations, which is reflected in our strong operating results this quarter. “.
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Despite the gain in subscribers, it wasn’t good news for Disney in the latest report, which also showed it lost $ 1.1 billion in the last quarter.
Disney previously announced that it will launch a new ad-supported streaming service in the US later this year, arriving in the UK in 2024.
