Netflix Adds 9.33 Million Subscribers in Q1, Blowing Past Estimates to Reach Nearly 270 Million Total
variety.comJennifer Maas TV Business Writer Netflix reported its first-quarter 2024 earnings Thursday, revealing it added a whopping 9.33 million paid subscribers.
Analysts consensus estimates were for Netflix to add 3.93 million paid subs globally in Q1 (to reach 264.21 million), according to StreetAccount.
Per Netflix, it has now climbed to 269.60 million subs as of March 31. These impressive Q1 results come following a better-than-expected 13.1 million subscribers added for the fourth quarter of 2023, which was a Q4 record for Netflix.
Despite this back-to-back growth worth boasting about, Netflix announced Thursday it will stop reporting quarterly sub totals beginning in 2025, a move that is sure to shock an industry that has been fueled by the streaming subscriber battle for years.
Read more on variety.com
