Disney Plus beat analyst growth expectations, coming in at 116 million as of July 3, 2021. The average Wall Street estimate was 112.8 million.
The results come after Disney missed expectations for Disney Plus net adds for the first three months of the year, after it boomed in 2020 amid pandemic lockdowns.
The July 3 quarter, Disney’s fiscal Q3 2021, was the first period to fully reflect Disney Plus’ price hikes earlier this spring. In the U.S., the streaming package went up one dollar, to $7.99/month, as of March 26.
Overall, Disney beat the Street on the top and bottom lines, with total revenue up 45% on the growth of streaming and the reopening of its theme parks.
It should be noted that Disney Plus’ average revenue per sub per month continued to fall, dropping 10% $4.16 as of July 3, 2021.
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