Disney reports jumped into Disney + subscribers in the last quarter

Walt Disney reported better-than-expected subscription numbers for its Disney + streaming service in the last quarter, avoiding a downturn that followed streaming competitor Netflix Inc.

For the company’s second quarter, Disney reported 7.9 million new Disney + subscribers to reach 137.7 million subscribers, up from 129.8 million in the previous quarter. Analysts asked by FactSet had expected the company to add 5.2 million net new subscribers to the platform, for a total of around 135 million.

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