The streaming service now has 118.1 million subscribers. That's higher than the 116 million the company reported in August, but a softer-than-expected result that sent shares down as much as 4.5% in after-hours trading.Overall, Disney nabbed $18.5 billion in revenue in the quarter, which was up 26% from last year. That's slightly worse than the $18.8 billion that analysts were expecting.
The streaming service — which celebrates its two-year anniversary this week — grew at a breakneck pace, hitting the milestone of 100 million subscribers in March. This made it one of the most successful streaming services in the market and a direct competitor to Netflix — the leader in the streaming world.That growth has now leveled out, which Chapek warned about in September when he said that the fourth quarter's Disney+ growth could slow down.
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