Disney+ Could Be Bigger Than Netflix in the U.S. by 2022
Disney (NYSE: DIS) hit a home run with Disney+. It's proven much more popular than anyone anticipated, leading management to raise its subscriber outlook not just for its flagship streaming service, but its entire portfolio of direct-to-consumer products. It now expects to reach as many as 350 million total subscribers across its streaming services by 2024.
Some have pointed to Disney's low price point as a big reason for those monstrous subscriber numbers. But Disney should see its U.S. revenue from direct-to-consumer streaming services reach levels comparable to, if not surpassing, Netflix (NASDAQ: NFLX) as soon as 2022.
A still from The Mandalorian Season 2. Image source: Walt Disney.
Source Fool.com
