Disney+ Blowout Numbers Don't Mean Anything -- Yet

Disney (NYSE: DIS) reported robust subscriber numbers for its Disney+ streaming service when first-quarter earnings came out the other day, but the totals were surprisingly strong even with the heightened expectations.

The entertainment giant said Disney+ amassed 26.5 million subscribers in the quarter, nearly as many as its sister service Hulu has after 10 years in business (27.2 million). And by Monday, when it held its earnings conference call, Disney+ had leaped higher by another 2 million subscribers to hit 28.6 million.

Those are some phenomenal numbers for a brand new service (Netflix reported 67 million subscribers last month after 23 years), but investors should curb their enthusiasm because we still need to see how many subscribers stick around.

Source Fool.com