Netflix adds 9.6m subscribers in three months despite increasing competition

Streaming service, which spent $12bn on original content in
2018, beat analysts exceptions in latest earnings report

Netflix added 9.6 million new subscribers in the first three
months of the year even as it increased prices and faced stiffer
competition from rivals including Amazon, Apple and Hulu.

The streaming video service now
has nearly 149 million subscribers
worldwide and beat analysts
expectations in its latest
earnings report
. Its often volatile share price dipped slightly
after the news broke, falling close to 1%, as US growth slowed.
Since it went public in 2002 Netflix’s shares have increased
about 29,000%.

Source: FS – All-News2-Economy
Netflix adds 9.6m subscribers in three months despite increasing competition