Disney+ ends 2020 with 94.9 million subscribers

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The Walt Disney Company (NYSE: DIS) today reported earnings for its first fiscal quarter ended January 2, 2021.

Direct-to-Consumer

Direct-to-Consumer revenues for the quarter increased 73% to $3.5 billion and operating loss decreased from $1.1 billion to $466 million. The decrease in operating loss was due to improved results at Hulu, and to a lesser extent, at Disney+ and ESPN+.

Source: Disney+ ends 2020 with 94.9 million subscribers