MX23RW : Monday, May 27 06:32:18| >> :600:2487135:2487135:

Netflix doubles expectations with 9.3 million new subscribers

Netflix doubles expectations with 9.3 million new subscribers
© Netflix
Netflix impresses with 9.33 million net customer additions in the first quarter of 2024 to approach 270 million subscribers worldwide.

Netflix has reported better-than-expected subscriber figures for the first quarter of this year, adding 9.33 million net customers over the three months to April.

The number is almost double the 5 million expected by analysts and takes the streamer's worldwide subscriber base to 269.6 million - up an impressive 16% year on year.

Revenue for the quarter was $9.3 billion (£7.5 billion), while net income was up $1 billion year-on-year to $2.3 billion (£1.6 billion).

Among the key drivers for Netflix over the period were crime thriller Griselda, British romantic drama Fool Me Once, sci-fi drama 3 Body Problem and the sixth season of reality format Love Is Blind. Oscar-nominated Society of the Snow also became the platform's second most popular non-English language movie of all time.

In a statement to shareholders, the company said: "We have built a hard to replicate combination of a strong slate, superior recommendations, broad reach and intense fandom, which drives healthy engagement on Netflix.
Improvement in these key areas is the best way to delight our members and continue to grow our business."

Netflix remains the world's most-subscribed streaming service, with its base of around 270m ahead of Amazon's Prime Video (circa 200m), Disney+ (150m), Max/discovery+ (98m) and Paramount+ (68m).

ID:541666:1false2false3false:QQ:: from db desktop :LenBod:collect1462:

Follow us on X/Twitter and like us on Facebook for the latest entertainment news alerts.

Media Mole Low-Price Offer: Get Sky Entertainment, Sky Stream & Netflix for just £19 a month + £0 upfront fee for 18 months!
Prices may change during this period. Ends 23rd May 2024

Collect / Create New Data
Share this article now:
Arsenal Women's Caitlin Foord celebrates scoring their first goal with Victoria Pelova and Vivianne Miedema on January 20, 2024
Read Next:
BBC, Sky Sports renew deal for Women's Super League
Read more about Broadcasting Entertainment
rhs 2.0
New TV Picks header

Saturday, May 25

Parkinson: BBC Four, 10.40pm
The chat show legend (dead) chats to Kenneth Williams (dead), John Betjeman (dead) and Maggie Smith (alive!)

Doctor Who: iPlayer, from 12am and BBC One, 6.50pm
Ruby and The Doc land in rainy Wales, where the locals are in fear of some ancient legends coming to life

Gladys Knight-Night: BBC Two, from 9.25pm
Three hours of programming dedicated to the Empress of Soul

The 1970s: Those Were the Days: Channel 5, 8.30pm
A look back at what life was like living in the '70s, including the big news items, the fads, the fashion, the music and the must-have items of the day