Netflix reveals it now has 148 million subscribers the world over, and will launch a ‘Top 10’ list test, as it confidently shrugs of competitors…
Less than two weeks ago, Netflix began telling its subscribers its previously announced price hike would take effect in May. Now, in its latest earnings report, the digital video streaming service reveals it’s grown substantially in paying audience.
Netflix Hits 148 Million Subscribers Worldwide, Announces ‘Top 10’ Lists Test
This time last year, it reached 125 million subscribers. It has since added 9.6 million to that figure, over the 8.9 million it forecast. The company reported revenue of $4.5 billion, right in-line with expectations.
In addition to the news of its user growth, the company also said it will run a test in the UK of “weekly top 10” lists.
Moreover, the streaming service revealed its viewing statistics for the first month or four weeks of its original content.
Heist flick Triple Frontier saw 52 million views, Fyre: The Greatest Party That Never Happened, had 20 million, Umbrella Academy, came in with 45 million, and The Highwaymen racked-up 40 million. The company also addressed the coming of Disney+ and Apple TV+, explaining:
“We don’t anticipate that these new entrants will materially affect our growth because the transition from linear to on demand entertainment is so massive and because of the differing nature of our content offerings. We believe we’ll all continue to grow as we each invest more in content and improve our service and as consumers continue to migrate away from linear viewing (similar to how US cable networks collectively grew for years as viewing shifted from broadcast networks during the 1980s and 1990s).”