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In this photo illustration, a remote control is seen in front of a television screen showing a Disney + logo. Photo: Illustration by Chesnot/Getty Images

Disney said on Thursday that it now has nearly 95 million subscribers for its streaming service Disney+, blowing past Wall Street expectations for growth for the company's Q1 earnings.

Why it matters: Disney's streaming success has helped the company offset losses from pandemic-related headwinds to its parks & resorts and studios businesses.

By the numbers:

  • Total paid streaming subscribers: 146 million
  • Disney+ subscribers: 94.9 million
  • ESPN+ subscribers: 12.1 million
  • Hulu SVOD subscribers: 35.4 million
  • Hulu SVOD+Live subscribers: 4 million

Details: In total, Disney says its direct-to-consumer revenues were up 73% to $3.5 billion. Its losses were also lower last quarter, thanks to improved results at Hulu, and to a lesser extent, at Disney+ and ESPN+.

Yes, but: The average revenue per streaming subscriber fell significantly last quarter, due to the fact the company is now including subscribers to its Indian subscription streaming service, Hotstar, in its calculus.

  • "The average monthly revenue per paid subscriber for Disney+ Hotstar is significantly lower than the average monthly revenue per paid subscriber for Disney+ in other markets," the company noted in a statement.

Catch up quick: Disney has been forced to close most of its parks, or operate them at limited capacity due to the pandemic. The company laid off 28,000 people last year at its theme parks and experiences and consumer products divisions.

  • The company said on Thursday that it expects Disneyland and Disneyland Paris to remain closed through Q2 2021.

The bottom line: Disney has in the past year reoriented its business around streaming in an effort to capitalize on the growth of streaming during the pandemic.

Go deeper:

Go deeper

39 mins ago - Health

Florida records most new daily COVID cases in state since pandemic began

Nurses bring a portable x-ray machine to a treatment tent outside the emergency department at Holmes Regional Medical Center in Melbourne, Florida, set up to serve as an overflow area as the number of COVID-19 infections surges throughout Brevard County. Photo: Paul Hennessy/SOPA Images/LightRocket via Getty Images

Florida reported 21,683 new COVID-19 cases — the most in the state in a single day since the pandemic began, per data released by the Centers for Disease Control and Prevention on Saturday.

The big picture: Florida is now the U.S. coronavirus epicenter, with the Delta variant driving a surge, Axios Tampa Bay's Ben Montgomery notes.

Updated 3 hours ago - Health

Chart: Less than 0.1% of vaccinated Americans tested positive for COVID-19

Expand chart
Data: CDC and state Covid dashboards. Dani Alberti/Axios

Of the 164 million vaccinated Americans, around 125,000 people have tested positive for breakthrough infections and 0.001% have died, according to state data compiled from state dashboards by NBC and data from the Centers for Disease Control and Prevention.

Why it matters: While "breakthrough cases" have been getting media attention, the low numbers show that the pandemic is mostly a threat for the unvaccinated population.

Biden officials celebrate infrastructure deal in fuel-cell big rig

White House national climate adviser Gina McCarthy and Energy Secretary Jennifer Granholm celebrated progress on President Biden's infrastructure package by taking a spin in a Kenworth fuel-cell, zero-emissions Class A truck.

What they're saying: "We have a deal, a Bipartisan Infrastructure Framework deal," Granholm said. McCarthy responded: "it's big and it's beautiful."