Disney+ to Surpass Netflix Subs Within 5 Years: Analyst

There has been little question that Walt Disney (NYSE: DIS) had the potential to change the streaming video landscape with the debut of Disney+ a little more than a year ago. With early-bird signups, the company had amassed 10 million viewers by the end of the first day of availability and shocked investors when the service hit its 2024 subscriber goals by roughly the end of its first year in business.

During its investor day in December 2020, the company said it now expects subscribers in a range of 230 million to 260 million by the end of 2024, with its Disney Hotstar service representing between 30% and 40% of total viewers. One analyst has gone even further, saying Disney+ will surpass Netflix (NASDAQ: NFLX) in terms of subscribers to take the streaming crown by 2026.

The Mandalorian (Pedro Pascal) and The Child from season 2 of Disney+ original The Mandalorian. Image source: Disney.

Source Fool.com