Tuesday 18 October 2022

Netflix Adds A Better-Than-Expected 2.4 Million Subscribers

netflix-adds-a-better-than-expected-2.4-million-subscribers


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Netflix snapped a two-quarter drop in subscribers in the latest quarter. The company said The Gray Man featuring Ryan Gosling was one of its most-watched films.

Paul Abell/Netflix

Netflix shares were trading sharply higher after the streaming giant posted better-than-expected subscriber growth for the third quarter.

The company added 2.41 million net new subscribers in the quarter, beating its own forecast of 1 million additions. Netflix (ticker: NFLX) said it expects to add another 4.5 million subscribers in the December quarter.


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