Netflix Adds 2.4M Subscribers in First Gain of the Year

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Netflix Adds 2.4M Subscribers in First Gain of the Year
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The streaming giant, which hit 223 million global paid subscribers, said it will stop sharing paid sub guidance beginning in next quarter as it redirects its focus toward revenue.

added 2.4 million subscribers during the third quarter, marking a major turnaround for the streaming giant that has been plagued by declining growth during the past year.

The streamer now has just over 223 million subscribers and is projecting to add another 4.5 million subscribers during the fourth quarter. In the U.S. and Canada, Netflix saw a modest gain of 100,000 subscribers, while the Asia Pacific region contributed 1.4 million paying subscribers. Latin America brought in 310,000 subs while the EMEA region drove 570,000 of Netflix’s quarterly subscriber adds.

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