Sara Fischer Oct 17
Game change: Half of American households subscribe to Netflix
Netflix blew past user growth expectations, reporting Monday that it added 5.3 million new subscribers last quarter, upwards of 1 million more than expected.
- In total, it added 850,000 new U.S. subscribers and 4.45 million new international subscribers.
- Netflix predicts that it will add 6.3 million new subscribers next quarter, which would bring its total to 111.2 million paid subscribers globally.
- The company also continued to beat expectations on revenue, although profit came in slightly lower than anticipated.