Netflix Q1CY24: Best results since 2020; 9.3 mn new subscribers acquired

Netflix has announced one of its best quarterly performances since the onset of the Covid-19 pandemic. The streaming company acquired 9.3 million new subscribers in the first quarter of calendar year 2024. This surge elevates its worldwide subscriber count to nearly 270 million, according to a report in The Times of India.

Additionally, it recorded $2.3 billion in net income, with revenue reaching $9.3 billion, marking a 15 per cent increase compared to the same period last year.