Industry News

Netflix beats subscriber forecasts by adding 9.3 m new customers

18 April, 2024

Netflix comfortably beat Wall Street expectations for the second straight quarter on Thursday night as advertising-supported streaming plans helped to bring in 9.3 million new customers, nearly double the number forecast by analysts. The streaming service, which said that 269.9 million households in 190 countries now subscribed to it, reported that its revenue had risen by 14.8 per cent to nearly $9.4 billion in the three months to the end of March, from $8.2 billion in the same period a year ago.

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