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A new analyst report suggests that Netflix lost 1.1 million subscribers to Disney+ during the month of November.

Cowen & Co. analyst John Blackledge expects Netflix to hit its fourth-quarter subscriber forecasts despite the increased competition.

In fact, Blackledge notes in the report that the firm still expects Netflix to hit or exceed its fourth-quarter forecast of 7.6 million subscriber additions.

Netflix has 60.6 million subscribers in the U.S. and 158 million subscribers globally.

It expects those numbers to grow to 61.2 million and 166 million, respectively, by the end of the year.