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Netflix gained 9.3 million subscribers this year as it adjusts streaming strategy [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
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 thought as Netflix keeps converting freeloader viewers into paid users.” While the subscriber additions topped Wall Street's estimates, the company still reported a drop in growth from its blowout fourth-quarter report, when Netflix added 13 million subscribers. Netflix announced Thursday that it plans to stop sharing its quarterly subscriber numbers in 2025. The company also reported $9.37 billion in revenue and earnings per share of $5.28 for the first quarter, beating Wall Street's estimates, according to FactSet. However, the stock, which has been a darling of Wall Street this year, fell in after-hours trading. Muc
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