Industry News

Netflix beats expectations with 5m new subscribers

17 October, 2024

Netflix picked up 5.1 million subscribers in the third quarter, beating Wall Street estimates by more than 1 million users, sending the shares sharply higher. Investors had expected Netflix to sign up 4 million subscribers in the three month period to the end of September. New programming during the quarter included the murder-mystery The Perfect Couple , Kaos, a modern take on Greek mythology, and the romantic comedy Nobody Wants This. Netflix, which is based in Los Gatos, California, and was founded in 1997 as a DVD postal service, reported quarterly revenue of $9.825 billion, just ahead of the $9.769 billion consensus forecast.

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