Wall Street expectations were for Disney+ to add around 5 million subscribers, and they sailed past that number. Hulu, meanwhile, had a good quarter as well for the Mouse House, adding 300,000 subscribers for a total of 45.6 million, while ESPN+ added a cool 1 million subscribers for a total of 22.3 million. That gives Disney not one but three very viable and diverse streaming platforms under its media empire. Though them being splintered is arguably an issue in its own way but, for now, it’s working and that’s the point.

Disney reported revenue of $19.2 billion and income of $3.7 billion, as well as earnings per share of $1.08. Wall Street expectations were around $20 million in the revenue department but only at $3.3 billion for income, to go with $1.17 in terms of earnings per share. It’s not too important to get caught in the weeds here but the point is that things are going well in the grand scheme of things and the decisions they are making to prioritize streaming are, at least in the short-term, panning out. The one major caveat was that the company’s financials sort of missed the mark due to a sizable $1.023 billion hit that Disney took for “the amount due to a customer to early-terminate license agreements for film and television content” (most likely Netflix, with whom Disney previously had licensed deals).

Yes, there was concern about what was sacrificed at the box office by releasing Pixar’s “Turning Red” directly to Disney+. But making premium content such as this, in addition to new Marvel shows such as “Moon Knight” exclusive to Disney+, promotes growth. Still, the “at what cost” argument is a valid one to have, especially with the staff at Pixar frustrated with the shift to streaming.