How the Streamers Stack Up in Subscribers, Revenue and Profits | Analysis
All five Hollywood studios’ direct-to-consumer businesses reported profits and revenue gains in their latest earnings disclosures The post How the Streamers Stack Up in
In the most recent quarter's earnings, all five major Hollywood studios' streaming services reported profits and revenue growth, marking a significant milestone in the industry's evolution. While Netflix remains the dominant force, the other players are making strides towards profitability and subscriber growth.
Netflix leads the pack with 325 million global subscribers, followed by Disney with 219.8 million subscribers across Disney+, Hulu, and ESPN+. Warner Bros. Discovery boasts over 140 million subscribers and aims to surpass 150 million by year-end. Paramount+, previously lagging behind, added 2 million subscribers, bringing its total to 81.6 million globally.
Revenue-wise, Netflix grew 13% to $12.6 billion, with strong performance in key regions. Disney+ and Hulu's revenue increased by 11% to $5.5 billion. Warner Bros. Discovery's revenue also showed growth, while Paramount+ and Peacock are still working towards consistent profitability. Paramount expects its merger with Discovery to close by June 1, 2027, and could overtake Disney if successful.
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