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Is Netflix Subscriber Jolt a One-Wonder?
Is Netflix Subscriber Jolt a One-Wonder?
The stars aligned for Netflix in its final quarter, but following up on that success will be a challenge.
The streaming giant said Wednesday that it added about 8.8 million net new paying subscribers during the third quarter. This is the highest number added in a single quarter since early 2020, when interest in TV streaming exploded during pandemic lockdowns. It was also 45% higher than Wall Street had expected in terms of subscriber additions. The company said it expects a similar rise in the fourth quarter, which would exceed the 7.7 million expected by analysts.
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