Disney+ now has 73 million subscribers, but that may not lastWhile still behind Netflix, Disney Plus is growing quickly as more people are staying home.
What you need to know
Disney announced its Q4 fiscal quarter earnings, with a slight gain in revenue.
Disney Plus grew its total paid subscriber base to 73 million.
Some divisions saw a loss in revenue related to the global effects of the pandemic.
Disney reported its fiscal fourth-quarter earnings today, which boosted growth in some areas and losses in others. Shares were up as much as 6% for the company though, as losses were not as deep as expected. To start, there was a loss per share of only 20 cents versus the expected 71 cent loss. Additionally, Disney reported slightly higher revenue than the expected $14.2 billion, coming in at $14.71 billion.
Disney Plus was a winner, with a total of 73 million subscribers, up from the previous quarter's 57 million, and closing in quick on the goal of 90 million by 2024. An unspecified number of customers were likely attained through promotions...
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Disney+ now has 73 million subscribers, but that may not last
