On December 17, the Walt Disney Company released its year in review streaming numbers for Disney+ and Hulu. The data was shown in a series of amusing images, but unfortunately a close look at the numbers may be no laughing matter for investors. It reveals a troubling decline in Disney viewership and that new content didn’t find an audience.
Disney says ‘Bluey’ was the most watched series on Disney+ and Hulu in 2025, totaling 26.5 million views.
‘Moana 2’ was the most viewed movie in every state and nearly every country with 80+ million views. pic.twitter.com/qN1qRgIm6w
— Scott Gustin (@ScottGustin) December 17, 2025
“With over 55,000 hours of content to explore, Disney+ and Hulu were the place for unforgettable moments – and fans embraced every one of them,” Disney said. But how many hours were spent on those platforms, and did enough fans watch to give the company a return on its investment?
Surprisingly enough, Bluey may provide some insight.
Most-Streamed Series
Disney reports that Bluey was re-watched 26.5 million times in 2025, making it the most watched series of the year. Assuming that a re-watch constitutes all of the available 7-9 minute episodes, that works out to approximately 37 billion minutes on the high end. However, last year Nielsen reported 55.62 billion viewing minutes for the Australian cartoon.
Bandit and Bingo run around and have fun with Turtleboy – Disney Plus
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Since Disney no longer reports subscriber numbers for Disney+ and Hulu, it’s impossible to know if Bluey has lost its popularity, or if families are using other platforms for their children’s entertainment. But the fact remains that the most popular show on Disney+ experienced a troubling decline from last year.
Disney Streaming reveals its billion hours streamed club.
Bluey
American Dad
911
Bob’s Burgers
Bones
Desperate Housewives
Encanto
Family Guy
Futurama
The Golden Girls
How I Met Your Mother
Grey’s Anatomy
It’s Always Sunny In Philadelphia
Malcolm in the Middle
Sons of Anarchy… pic.twitter.com/Xfls59NGSK— Boardwalk Times (@BoardwalkTimes) December 17, 2025
Bluey, of course, is licensed by Disney from the BBC. Of the 24 shows on the list of programs with a billion hours streamed, only The Mandalorian is a Disney+ original. Many of the shows, like The Golden Girls, Sons of Anarchy, Bones, and How I Met Your Mother have been syndicated in reruns for decades and were acquired by Disney for the platform.
(L-R): Grogu and Din Djarin (Pedro Pascal) in Lucasfilm’s THE MANDALORIAN, season three, exclusively on Disney+. ©2023 Lucasfilm Ltd. & TM. All Rights Reserved.
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Notably absent is new content. Except for The Mandalorian, current series from Star Wars like Andor, which released its second season this year, and Skeleton Crew, which debuted late last year and was canceled after one season, didn’t make the list. Marvel titles like Daredevil: Born Again and Ironheart didn’t fare any better. All of these were massive investments for Disney and suggests that new content didn’t find an audience.
Perhaps even more concerning is what Disney revealed about its movies.
New Movies Fail to Find an Audience
Moana 2 was the biggest movie on Disney+ this year. It was re-watched 80 million times, and according to Disney was “the most viewed movie in every single state and nearly every country.” That translates to about 133 million hours. However, it’s been available on Disney+ for nine months. Comparatively, Netflix’s Kpop Demon Hunters was watched 325.1 million times — 520 million hours — in its first 91 days.
A scene from Moana 2 (2024), Walt Disney Animation Studios
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The numbers for Moana 2 aren’t just revealing for the health of the platform, but for the Disney brand itself. Other major releases that were exclusive to Disney+ and Hulu, such as Captain America: Brave New World and the live-action Snow White were unable to cross the 133 million hour threshold for first place. Perhaps that’s unsurprising, as both movies were major box office disappointments.
Ultimately, new movies that struggled in theaters don’t appear to be doing much better at home. If the appeal of Disney+ is that it’s the first landing spot after a movie leaves the theaters, something will need to change if subscriber and hours watched counts are to increase and reverse the troubling decline.
The Takeaway
What message Disney will take from these numbers will likely set its direction going forward. But despite the cheerful spin in its annual announcement, a troubling trend is apparent. Viewership for Disney’s most popular programs is down, and new movies are struggling both in theaters and on the company’s primary platform for home viewing. As prices for streaming services continue to rise and the battle for streaming dominance heats up, Disney can only hope that next year’s numbers tell a better story.
What do you think about this Disney year in streaming viewership report? Is there hope for Disney+? Let us know in the comments!
In normal forums, this is where I’d drop a Grumpy_Cat_Good.jpg.
I don’t think there’s enough bad things that can happen to Disney and the abomination it has become in the last couple decades, particularly under Iger’s “leadership”.
I hope this ruins his Christmas, but who am I kidding? He’s a billionaire no matter what, retiring (again) soon, and has cemented his legacy with the company by naming a building after himself. He ain’t got nuthin to worry about.
Don’t worry, I’m sure the next woke slop will be successful.