Netflix profits surge as streaming service adds 9.3m subscribers in latest quarter
by The Guardian
The Guardian— Company says ‘we’re off to a good start in 2024’ as net income jumps 79% to $2.3bn, beating analysts’ expectations Profits at Netflix have surged as the world’s largest streaming service added millions of new paying subscribers.The entertainment giant added 9.3 million subscribers in the latest quarter – more than expected by analysts on Wall Street – leaving it with a record 269.6 million worldwide. Continue reading
Deadline—Netflix Adds 9.3M Subscribers In Another Strong Quarter. In its latest strong quarterly report, Netflix said it added 9.3 million subscribers and exceeded several financial targets.
Neowin—Netflix added over 9 million more subscribers to its streaming service in Q1 2024. Netflix announced it had added 9.33 million subscribers to its streaming service worldwide in the first quarter of 2024, as it brought in $9.37 billion in revenue for that time period.
CNN—Netflix gained 9.3 million subscribers this year as it adjusts streaming strategy. Last year, Netflix made a particularly risky bet by pushing users who share passwords to create their own accounts — but it’s paid off. Netflix, the dominant player in streaming, added more than 9 million subscribers in the first three months of the year, hitting a record high of 269.6 million subscribers. “It added more subscribers than many analysts, myself included, expected,” said eMarketer senior analyst Ross Benes. “This signals that password sharing was even more common than previously...