Netflix posts strong first quarter earnings, adds more than seven million subscribers
Netflix can’t be stopped: the video giant posted a net income of $290bn during its first quarter, up from $178bn the year prior.
The streaming service added 7.41 million new subscribers in its first quarter, a 50% gain over the year prior, beating the company’s forecast of 6.35 million. Last year, Netflix added 4.95 million new subscribers during its first quarter.
Internationally, Netflix added 5.46 million subscribers, while in the US it gained 1.96 million. Both numbers beat Wall
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