Streaming services Netflix breaks record of 300 million users
Netflix has broken the 300 million user mark following record growth in the past quarter. The second season of the successful South Korean series "Squid Game" added almost 19 million users in the quarter.
21.01.2025, 23:05
SDA
This was around twice as many as analysts had expected - the video streaming market leader also exceeded Wall Street's revenue and profit forecasts.
Netflix now has 301.6 million customer households. The largest quarterly increase to date was around 15 million at the start of the coronavirus pandemic in 2020. However, with the record, Netflix will now stop providing information on the number of users. This was already announced last year.
Netflix's revenue rose by 16% year-on-year to 10.2 billion dollars in the past quarter. At the bottom line, profit jumped from 938 million dollars a year earlier to 1.87 billion dollars. The results were well received by investors: The share price rose by twelve percent at times in after-hours trading.
