Netflix Surpasses 300 Million Subscribers After Record Growth
Driven by the success of 'Squid Game' Season 2 and live sports, Netflix added 19 million users last quarter, achieving its largest-ever subscriber increase.
- Netflix reached 301.6 million global subscribers, marking the highest quarterly growth in its history with 19 million new users.
- The surge was fueled by the release of 'Squid Game' Season 2, which has already become Netflix's third most-watched series, following its first season and 'Wednesday.'
- The company's quarterly revenue rose 16% year-over-year to $10.2 billion, while net profit nearly doubled to $1.87 billion.
- Netflix announced price increases in the U.S. and plans to stop reporting subscriber counts in the future, as previously disclosed.
- Live sports, including NFL games and celebrity boxing events, played a key role in attracting new subscribers and boosting its advertising-supported plan.
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