How Disney+ Blew Away Expectations Last Quarter

Walt Disney (NYSE: DIS) ended its first quarter with nearly 130 million subscribers, adding 11.8 million new subscribers over the period. Analysts were expecting Disney to end the quarter with 125.4 million on average. The subscriber growth is a stark turnaround from the 2.1 million it added in the fourth quarter, and it compares well with Netflix's (NASDAQ: NFLX) 8.3 million net adds during the same period.

Disney also broke out its results by region for the first time, giving investors a more detailed look at how it's performing around the globe. Here's what investors need to know about how it beat expectations.

Characters from the Disney+ series "The Book of Boba Fett." Image source: Walt Disney.

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Source Fool.com