Netflix added more than 9 million subscribers in the first quarter
Netflix added 9.3 million subscribers in the first quarter of 2024, it announced Thursday, beating analysts' expectations and cementing its status as the entertainment industry's dominant streaming company.It also generated net income of $2.3 billion and its revenue was $9.3 billion, 15% higher than the same period last year. Netflix today has almost 270 million subscribers worldwide.The streaming giant said its quarter was buoyed by audience interest in series such as “Griselda,” “3 Body Problem” and “Avatar: The Last Airbender.”Its advertising business, which is now a year old and offers subscribers a lower-priced option, grew 65% compared to last quarter. The company said that in markets where the ad tier was available, 40% of new signups chose that option. A crackdown on pas...