Netflix said to report 2 Mn new subscribers following price cut, ad-supported plan launch

Netflix is expected to report that it added some 2 million subscribers in the first quarter and investors will scrutinise whether recent price cuts and the launch of an ad-supported plan are tempting people to subscribe and stay on.

The company, which lost 200,000 subscribers in the year-ago quarter, returned to subscriber growth in the second half of 2022 but its pace of additions has slowed dramatically, forcing it to think of ways to squeeze out revenue from the 100 million people who use the service without paying for it.