Disney said Tuesday that its new streaming service, Disney Plus, garnered 26.5 million subscribers in its first six weeks of existence, a strong start for the closely watched digital effort. The number nearly triples what the company said it had just after launch.

Disney, which revealed the latest numbers as part of its quarterly earnings report, said it had the 26.5 million subscribers as of Dec. 28. It also said it had 30.4 million Hulu subscribers and 6.6 million subscribers to ESPN Plus, its sports streaming service, as of that date.

In an investor call, Disney chief executive Robert Iger later said that about 2 million Disney Plus subscribers have been added since the holidays, with the total now standing at 28.6 million.

“It validates the concept of putting those brands together,” Iger said to analysts. “The decision we made to go with quality over quantity is working,” he said, highlighting the company’s strategy to go with more franchise titles instead of Netflix’s high-volume approach.

The figures suggest a significant period of growth, with consumers paying $6.99 on a monthly basis, or about a dollar less for an annual subscription, to watch new shows such as the Star Wars series “The Mandalorian,” a catalogue of Marvel and Pixar movies, and other content. Disney’s figures included an undisclosed number of people who signed for up a $12.99 bundle that features Disney Plus, Hulu and ESPN Plus.

Disney Plus began streaming Nov. 12. Despite some technical glitches, Disney said it garnered 10 million subscribers within a day. The company marketed the service heavily as it rolled out, particularly with ads on network television.

The 28.6 million figure shows that the company’s bid to persuade American consumers to turn directly to Disney for their content — instead of intermediary providers and distributors — was initially successful.

Iger said that while shows such as “The Mandalorian” attracted subscribers, many of the other offerings were retaining them.

“Sixty-five percent of people who watched ‘The Mandalorian’ watched at least 10 other things on the service,” he said.

Still, the question remains how many will stick with the service long-term as Disney seeks to avoid “churn” — the industry term for subscribers who cancel — or how many give up the service after a free trial period.

Meanwhile, Comcast’s Peacock and Warner Media’s HBO Max are set to launch later this year as the streaming wars intensify.

Despite the growing number of rival services, Iger sounded a confident note about the future of Disney Plus.

There is a lot of competition, he said, but “there isn’t any competition that is like ours,” he said, noting the high volume of franchise titles on the service.

Still, he told investors that he is sticking with initial expectations that Disney Plus will not be profitable until 2024.

“We have a long way to go,” he said.

Disney also has a long road ahead to close the gap with Netflix, the premiere streaming service, with some 170 million subscribers worldwide. Disney is planning to launch in much of Western Europe in March in a bid to make up ground.

On the call, Disney Chief Financial Officer Christine McCarthy cautioned investors, saying that much of the growth will come from overseas in the next few months, with no significant domestic spike expected until new shows such as Marvel’s “The Falcon and the Winter Soldier” launch in the second half of the year.

Separately, she said the company has been hit hard by the ongoing closure of theme parks in Shanghai and Hong Kong in the wake of the coronavirus outbreak in Asia. The Hong Kong closure could cost the company $40 million alone, she said.

Disney’s earnings for the quarter came in above analyst expectations, with revenue at $20.86 billion, compared with forecasts of $20.79 billion, and earnings per share at $1.53 vs. projections of $1.44.

The revenue was driven in part by global theatrical releases in the quarter, including “Frozen 2” and “Star Wars: The Rise of Skywalker” around the holidays.

But Iger cautioned against high expectations for the coming year. The idea of an $11 billion global box office total, he said, is “not something we’re likely to repeat right away.”

“2020 is not going to be the same as 2019 for the studio,” he noted. “But we still expect a very strong year.”