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    Netflix Reports Strong Q1 Subscriber Growth, Disappoints with Q2 Forecast | FinOracle

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    Netflix Reports Strong Q1 Subscriber Growth, Disappoints with Q2 Forecast | FinOracle

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    Netflix Reports Strong Q1 Subscriber Growth, Disappoints with Q2 Forecast | FinOracle

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Netflix Reports Strong Q1 Subscriber Growth, Disappoints with Q2 Forecast

Netflix added 1.7 million paying users in Q1 2023, as Wall Street expects growth to pick up later this year. The company's ad-tier plan now accounts for over 40% of sign-ups. (129 characters)

by Mark Eisenberg
Fri, Apr 19, 2024 2:58pm
in Gaming
• 2 mins read
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Netflix Reports Strong Q1 Subscriber Growth, Disappoints with Q2 Forecast | FinOracle

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Netflix Shatters Expectations with Subscriber Surge and Robust Earnings

In a remarkable display of growth, Netflix has once again defied expectations, announcing its first-quarter earnings that outpaced forecasts. The streaming giant reported an unprecedented increase of 9.3 million subscribers in the quarter, easily surpassing the anticipated 4.8 million. This surge is a follow-up to its commendable growth of 13 million net additions in the fourth quarter, highlighting the company's unstoppable momentum.

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