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Netflix Adds 9.33 Million Subscribers in Q1, Blowing Past Estimates to Reach Nearly 270 Million Total
Netflix reported its first-quarter 2024 earnings Thursday.
On average, analysts expected the company to report about 8.8 million net new subs for the year-end quarter. Netflix’s Q1 lineup included its live-action adaptation of “Avatar: The Last Airbender,” the “Game of Thrones” creator’s sci-fi series “3 Body Problem,” Guy Ritchie’s “The Gentleman,” the latest season of “Love Is Blind,” thriller limited series “Fool Me Once,” Sofia Vergara’s drama “Griselda,” Tyler Perry movie “Mea Culpa,” and the Millie Bobby Brown-led “Damsel,” among many other new releases. Wall Street forecast earnings per share (EPS) of $4.26 on $8.73 billion in revenue for Netflix’s Jan. 1-March 31 period, according to analyst consensus data provided by LSEG, formerly Refinitiv.
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