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Disney+ App Reportedly Downloaded 41M Times; Shares Climb

By Kim Khan

Investing.com - Walt Disney (NYSE:DIS) joined the rally in the Dow Tuesday, seeing strong volume on a bullish report about demand for its streaming service app.

The Disney+ app was downloaded 40.9 million times from Apple's (NASDAQ:AAPL) App Store and Google (NASDAQ:GOOGL) Play, CNET reported, citing a report from mobile analytics firm Sensor Tower.

Shares of Disney rose 1.9% in afternoon trading. That added more than 18 points to the Dow’s spike of more than 130, led by JPMorgan Chase (NYSE:JPM), after its solid earnings report, Goldman Sachs (NYSE:GS) and Boeing (NYSE:BA).

Disney+ has generated about $97.2 million in user spending on mobile, Sensor Tower added.

And 84% of revenue and installs have been in the U.S. in the first 60 days.

The numbers from sensor tower don’t include those downloading and watching Disney+ from smart TVs, devices like Roku (NASDAQ:ROKU) and gaming consoles like Microsoft'a (NASDAQ:MSFT) Xbox.

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