The "disk" is actually a projection of the photon ring around the black hole (blurred by the finite instrumental resolution). At the 16.9 Mpc distance of M87, its angular diameter of about 42 microarcseconds implies a size of just over $10^{14}$ m. How could this be a planet?
The presence of a supermassive black hole had already been inferred from the rapid motion of gas in the surroundings of the black hole and its mass had been estimated as $(3-7)\times 10^9$ solar masses (e.g. Gebhardt et al. 2011; Walsh et al. 2013).
The Schwarzschild radius of such a black hole is about $2GM/c^2 \simeq 1-2\times 10^{13}$m, the "Schwarzschild diameter" would therefore be $2-4\times 10^{13}$ m and the remaining factor is roughly equal to the $\sqrt{27}/2$ expected from the gravitationally lensed image of the photon ring which is at 1.5 times the Schwarzschild radius.
i.e. The Event Horizon Telescope image is absolutely consistent with the expectations from General Relativity and the presence of a black hole with the mass indicated by the gas dynamics in its vicinity.