Netflix attracts 9.6 million paying customer in the first quarter

April 17, 2019 | Investopaper

Netflix has attracted the huge paying subscriber in the first quarter of 2019. The company has reported that 9.6 million new paying subscribers added themselves to use the services of Netflix which is a popular media service provider based in California, USA.

This is, in fact, a record for the company in terms of increase in the paying subscriber for the single quarter. But the company’s share price did not surge in the stock market since the investors were concerned about the performance of the company for the rest of the year.

The company earned $344 million with EPS standing at 76 cents. Similarly, total revenue for the first quarter was $4.5 billion which is a growth of 21.62 percent compared to the corresponding quarter of last year.



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