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TV Tech

George Winslow

Netflix Adds 9.3M Subs in Q1

Netflix.

LOS GATOS, Calif.—Netflix reported another blockbuster quarter by adding 9.33 million new subscribers in Q1, 2024 as global paid memberships hit 269.6 million, revenue increased by 15% YoY to $9.37 billion, operating income grew by 54% to $2.63 billion in Q1 2024 compared to Q1, 2023 and its operating margin jumped by seven percentage points to an enviable 28%.

It also gained subs in the highly competitive and saturated streaming markets of U.S. and Canada. Those two countries added 2.53 million subs in Q1, bringing its total to 82.658 million at the end of March 2024.

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