Disney says it has more streaming customers than Netflix (2024)

FAQs

Disney says it has more streaming customers than Netflix? ›

Disney ended the September 2022 quarter (Disney's fiscal Q4 2022; Netflix's Q3 2022) with 235.7 million subscriptions vs. Netflix's 223.09 million. At the end of the calendar year, it was 234.7 million Disney subscriptions to 230.75 million Netflix subs.

While Disney+ only has one fifth of the content of Netflix, Disney's top original content is higher-rated.

Including Disney+ Hotstar, the overall Disney+ universe now reaches roughly 150 million subscribers. Disney+ is expected to finally post a profit in the final quarter of its fiscal 2024, which for the Walt Disney Company ends on September 30. In its quest, no streamer has raised prices quite as often as Disney+.

Netflix market share falls back to earth

As search volume for Netflix content wanes, interest is increasing steadily in Disney Plus, HBO Max, and Apple TV Plus. Netflix's market share among JustWatch users has declined from roughly 46% to 33% since January 2020. Disney Plus has risen from 10% to roughly 18%.

Netflix: A Brief Analysis. Market Share: As of Q2 2023, Disney+ has only 13% of the market share in the United States, while one of its competitors, Netflix, has a market share of 20%.

Netflix has a spectacular suite of shows and movies for children – but Disney is Disney. With Disney+ you have access to multiple movies from Disney's legendary back catalogue, plus Pixar movies, and a great selection of fantastic kids' TV shows. The quality and volume is almost overwhelming.

Disney Plus provides high-quality content that's on par with Netflix, and its pricing options make it stiff competition.

How many paid subscribers does Netflix have? Netflix had around 269.6 million paid subscribers worldwide as of the first quarter of 2024. This marked an increase of over nine million subscribers compared with the previous quarter.

Consumers were left picking up the tab for blockbuster furlough payments creating a global cost of living crisis that endures to this day. It led to people cutting their streaming subscriptions and left Disney with a loss-making platform.

Disney+ Drops 1.3 Million Subscribers Amid Price Hike, Streaming Loss Shrinks by $300 Million.

Why is Netflix losing popularity? ›

Why the decline? Netflix's viewership atrophy may be due to implementing paid sharing, leading casual viewers to drop off and account holders to downgrade their plans or cancel their subscriptions altogether. This decline will come despite offering a lower-priced ad-supported option.

The streamers losing subscribers

Disney+ and Hulu finished 2023 with a paid subscription loss. Subscribers to Disney+ fell 7% to 150 million in the three month ending Dec. 30, from 160 million, while Hulu's subscribers in the fourth quarter fell 3% to 48 million. It wasn't all bad news.

Executive Editor, Business. Following an October 12 price increase, the core Disney+ streaming service lost 1.3 million subscribers, the company revealed on Wednesday. Not including India's Hotstar, Disney+ ended the 2023 calendar year with 111.3 million subscribers.

But that was when Netflix was in an exponential growth phase that carried the company to its 2021 share price high of more than $690. In 2022, Netflix reported losing subscribers for the first time in more than a decade — about 200,000 accounts in the first quarter of that year and close to 1 million in the second.

Netflix reported 82.7 million paid streaming subscribers across the United States and Canada in the first quarter of 2024. After a decline in the U.S. and Canadian subscriber base during the first nine months of 2022, this marked a growth of about eight million compared with the same quarter of the previous year.

Monthly churn for major streamers including Apple TV+, Discovery+, Disney+, Hulu, Max, Netflix, Paramount+, Peaco*ck, and Starz hit 6.3% in November 2023, up from 5.1% a year prior, according to data from Antenna, a subscriptions analytics company.

Disney Plus lacks the steady firehose of new, original TV found on Netflix, for example, but it still belongs in the top tier of streaming services. It has a massive catalog of popular TV shows and movies you can't find anywhere else, a well-designed app and an affordable price.

Without a comparable compression algorithm, the files streaming on Disney+ put a larger strain on your network by using up more bandwidth than a similar file on Netflix would. Because of this, Disney+ is buffering more frequently for some users.

There are over 500 films, 15,000 episodes, and 80 Disney+ Originals available on Disney+. These titles include original series such as Loki, Ashoka, The Proud Family: Louder and Prouder and The Mandalorian. We're always adding more content to our library so there's always something to enjoy!

Amazon Prime Video has a larger overall library than Netflix, and it has more movies as well. You can also buy and rent movies and TV shows through the same interface, which isn't an option on Netflix. Both services create original content, but Netflix has the edge.