Disney on Thursday announced its video streaming service Disney+ had garnered 94.9 million subscribers. The company had earlier forecasted it would hit the target of 60 million to 90 million subscribers in 2024, beating its goal in 14 months. This milestone was revealed in the company’s latest earnings report for the December quarter.
With its initial target achieved four years ahead of time, Disney now expects Disney+ will hit 230 million to 260 million subscribers in 2024.
In November 2019 when the service was launched, Disney+ quickly gained instant 10 million subscribers, and it was able to hit a total of 26.5 million subscribers at the end of the first quarter. Its biggest growth came in 2020 as people began spending more time at hone due to the Coronavirus pandemic. Its subscribers jumped from 33.5 million in the second quarter to 57.5 million in the third.
By the fourth quarter, Disney+ had 73.7 million subscribers, and in December during its investor day, the company announced it had reached 86.6 million subscribers.
The company already has a good lineup of its originals in 2021. WandaVision began streaming on January 15th and its Marvel The Falcon and the Winter Soldier series is set to be released in March. Loki, the series comes out in May.