Disney Stocks Jump After Reports of Record High Disney+ App Download Numbers

After a period of decline, stock of The Walt Disney Company rebounded today on reports of high Disney+ app downloads. At the time of writing, the stock of the media giant is up 1.6% to around $146.02 a share.

Downloads of the Disney+ app have neared 41 million after a very strong Q4, which saw more than 30 million downloads after launch on November 12, 2019. Disney+ grossed over $50 million in the first 30 days, which analysts saw as positive signs for the streaming service.

Disney+ launched in November 2019 to numerous technical glitches attributed to high demand after much anticipation. You can subscribe to a free trial now at disneyplus.com.