It’s safe to say Disney’s streaming output has been a mixed bag. For every excellent WandaVision and The Mandalorian we’ve gotten garbage like Secret Invasion and Obi-Wan Kenobi. Perhaps that’s why Disney Plus subscriber figures are in decline, from a high of around 170 million in late 2022 to just 125 million in the first quarter of 2025.
There are a whole bunch of reasons for this: Disney Plus subs took a hit when they lost the licence to broadcast cricket in India, there’s fiercer competition from other streaming services, a cost of living crisis and, simply, that the pandemic saw people trapped indoors with nothing to do, briefly boosting demand.
