Monday, 23 April 2018

Netflix has 125m subscribers

"Netflix once again beat expectations on subscriber growth, packing on 7.4 million net streaming customers worldwide for the first quarter of 2018.
The streaming giant added 1.96 million net U.S. streaming subscribers and 5.46 million internationally for the quarter ended March 31. The company’s total net gain of 7.4 million subs in Q1 — a new record for the first quarter — topped its previous guidance of 6.35 million by more than a million. The company counted 125 million subscribers worldwide as of the end of March.
Netflix reported $3.7 billion in revenue for Q1 and a net profit of $290 million (64 cents per diluted share)."
Source:  Variety, 16th April 2018

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