Netflix reports subscriber growth in Q1

By Associated Press

Apr 20, 2023 12:07 am

SAN FRANCISCO, California: Netflix began the year with another burst in subscriber growth that eclipsed analysts' projections for the third consecutive quarter, providing further evidence the video streaming service has regained its momentum after a jarring downturn in customers prompted a shakeup.

The 1.75 million gain in Netflix subscribers reported Tuesday for the January-March period was nearly 550,000 more than the average estimate among analysts surveyed by FactSet.

BURST A Netflix sign is photographed outside its office building in Los Angeles on April 20, 2022. Netflix reports earnings on Tuesday, April 18, 2023. AP PHOTO

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