Disney now has more than 221 million total subscriptions across all of its subscription streaming offerings globally, officially surpassing Netflix, which reported 220.7 million global subscribers last quarter.
Disney's stock spiked nearly 4% in after-hours trading Wednesday after the entertainment giant said it added 14.4 million Disney+ subscribers, blowing past Wall Street expectations.Disney now has more than 221 million total subscriptions across all of its subscription streaming offerings globally,
, which reported 220.7 million global subscribers last quarter, after losing nearly 1 million subscribers compared to the previous quarter.The company also beat expectations for its revenues and profits, thanks to strong results in its theme parks division.Disney also announced a new pricing structure to support its new ad-supported tier, which is slated to debut in the U.S. on Dec. 8.
Moving forward, Disney+ without ads will cost $10.99, up from $7.99 monthly and Disney+ with ads will cost $7.99 monthly. The price of Hulu's subscription without ads will also rise from $12.99 to $14.99, beginning Oct. 10. Hulu with ads will increase from $6.99 to $7.99.
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