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Headline : Netflix adds 9.33 million new subscribers in Q1 2024

Read more from the original article on here at nairametrics.com.





Tags : #netflix #adds #933 #million #new #subscribers #q1 #2024


No. of Paragraph 24

Netflix Inc. has reported adding 9.33 million customers in the first quarter of 2024, posting a strong start to a year since 2020.

This figure nearly doubled the 4.84 million average projected by analysts. The surge in subscribers is attributed to a compelling lineup of original content and the implementation of measures to curb password sharing.

The company witnessed robust growth across global markets, with particularly notable strength in the US and Canada. The influx of new subscribers also contributed to better-than-expected sales and earnings figures.

However, Netflix shares experienced a 4.6% decline to $582.70 at 6:03 p.m. New York time, following the announcement. However, the shares had previously surged by 25% earlier in the year up to the close of regular trading on Thursday.

Read more from the original article on here at nairametrics.com.


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