The financial report shows that at the end of the reporting period, Disney’s streaming video service added 14.4 million Disney+ subscribers, exceeding the market’s expected 10 million; among them, the cumulative number of Disney+ subscribers reached 152.1 million, which was higher than the market’s expected 148 million. 46.2 million total subscribers) and ESPN+ (22.8 million total subscribers), Disney's streaming video service ended the quarter with 221.1 million subscribers, higher than Netflix's previously reported 220.7 million streaming subscribers.
Since the launch of Disney+ at the end of 2019, Disney's streaming business, including Hulu and ESPN+, has expanded rapidly. Disney is aiming for Disney+ to reach 215 million to 245 million paying subscribers for streaming subscriptions in 2024, and to double the number of countries covered by Disney+ to more than 160 countries by the end of fiscal 2023. In order to achieve this goal, Disney has established an international content creation center to invest and produce more content to attract subscriptions from users around the world, so that the number of subscribers has increased to a sufficient level to achieve global coverage.
Between 2021 and 2027, the number of global streaming video subscriptions will increase by 550 million to 1.75 billion. In recent years, global streaming media represented by Netflix and Disney+ has developed rapidly. In addition to attracting users with high-quality content on the platform, it is also mainly related to the way it spreads content through the Internet. Netflix and Disney continue to establish partnerships with streaming media equipment manufacturers, mobile and TV operators, and Internet service providers in their global layout. Due to the popularity of streaming media devices such as smart TVs, OTT boxes, mobile phones, and PCs/tablets, the global expansion of streaming media applications including Netflix and Disney+ has shown exponential growth.
With the rapid growth of streaming media, streaming media devices have become the main terminal for people's entertainment. Take Roku, the largest streaming media equipment manufacturer in the United States as an example. In the TV service provided by Roku, it provides dedicated buttons for streaming media applications such as Netflix and Disney+ on the remote control, so that viewers can quickly access these streaming media applications. Content.
Profits from content partnerships with Netflix, Disney+, Hulu, Apple TV+, and more have also driven Roku's growth in subscribers and revenue. Over the past three years, Roku's user base has grown at a rate of 58.29% per year, while streaming hours have grown at a rate of 73% per year. In addition, users spend longer on streaming content, which also generates significant advertising revenue for Roku.
With the rapid growth of streaming media, streaming media devices have become the main terminal for people's entertainment. Take Roku, the largest streaming media equipment manufacturer in the United States as an example. In the TV service provided by Roku, it provides dedicated buttons for streaming media applications such as Netflix and Disney+ on the remote control, so that viewers can quickly access these streaming media applications. Content. Airplay allows users to transfer device screen, audio, video, and photos between devices, and it's one of the most convenient ways to transfer content from an Apple device to a Roku device. Users will be frustrated if Airplay is not working on Roku TV.
Profits from content partnerships with Netflix, Disney+, Hulu, Apple TV+, and more have also driven Roku's growth in subscribers and revenue. If users encounter hulu error code 503 while watching TV, they can check how to fix it. Over the past three years, Roku's user base has grown at a rate of 58.29% per year, while streaming hours have grown at a rate of 73% per year. In addition, users spend longer on streaming content, which also generates significant advertising revenue for Roku.
