Netflix Added More Than 9 Million Subscribers in First Quarter

Netflix exceeded analysts’ expectations in the first quarter of 2024 by adding 9.3 million subscribers. Its net income reached $2.3 billion, and its revenue stood at $9.3 billion, marking a 15% increase compared to last year. The streaming company now boasts nearly 270 million subscribers globally. Popular series like ‘Griselda,’ ‘3 Body Problem,’ and ‘Avatar: The Last Airbender’ contributed to Netflix’s strong performance. Its lower-priced ad-tier business also saw significant growth. Netflix aims to continue expanding its member base and improving its offerings to satisfy its diverse audience.