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Netflix Tops 277 Million Subscribers With Strong Q2 Gain, Beats Earnings Forecasts
Netflix added 8.05 million net paid customers in Q2 -- well over Wall Street forecasts -- bringing its global base to 277.65 million
Netflix rang up solid subscriber gains in the second quarter of 2024 — which were considerably better than Wall Street expected — and posted financial results that beat forecasts. Starting in 2025, Netflix will no longer regularly report subscriber figures anymore, arguing that user-engagement metrics and financial results better reflect the health of its business. It’s the best proxy we have for member happiness, and when peoplewatch more, they stick around longer (retention), talk about Netflix more often (which drives acquisition)and place a higher value on our service,” the company said in its Q2 letter to shareholders issued Thursday.
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