• Netflix Adds Nearly 10 Million New Subscribers, Stock Still Drops 6%

    2 days ago - By The Wrap

    With several new competitors set to debut later this year, Netflix continued to tighten its stranglehold on the streaming world on Tuesday, with the company reporting it added a record 9.6 million subscribers during the first quarter.
    The nearly 10 million new customers put the company on the verge of hitting 150 million paid subscribers overall while beating analyst estimates of 8.9 million new customers at the same time.
    Netflix reported $4.5 billion in revenue, matching analyst estimates, and posted earnings of 76 cents per share, easily running past Wall Street projections of 58 cents...
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  • Netflix Adds 9.6M New Subscribers In Q1; Recording Highest Paid Net Adds To Date But Stock Down

    2 days ago - By Deadline

    Netflix has recorded its highest quarterly paid net adds in its history with 9.6M new subscribers. This was well above the 8.9 million net additional paid subscribers that the SVOD service had projected itself. It means that Netflix has 148.9M subscribers overall. The growth breaks down as 1.74m new subs in the US and 7.86m internationally....
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