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Baby Yoda is a little baby cash machine

Emailed on February 7th 2020 in The Friday Forward

Disney reported fiscal Q1 earnings this week, its first since launching the Disney+ streaming service in November. First, the high-level financials:

  • Total revenue was up 36% annually to $20.9 billion.

  • But Disney+ expenses dragged profit down 23%.

Disney+ added 10 million subscribers on their first day, and that was before we met the cutest space alien every dreamt up. Disney+ ended up beating expectations with 26.5 million subscribers at the end of Q1 and 28.6 million as of Monday. 

For context: In 83 days, Disney+’s user base grew from zero to 17% the size of Netflix’s. 

That’s impressive, but don’t forget about its other streaming properties that all fit together in a tidy $13/month bundle. 

  • ESPN+ grew to 6.6 million subscribers from 1.4 million a year ago.

  • The number of Hulu subscribers grew 33% annually to 30.4 million. 


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