Netflix exceeded analyst estimates, even though Wall Street went into the call with already lofty expectations for the streamer.
A paid subscriber base inching closer to 300 million globally, a crackdown on password sharing, the launch of an ad-supported tier and live events like The Roast of Tom Brady all drove results. The UK and India markets also drove strong sales, with stalker series Baby Reindeer garnering 88.4 million views, while India ranked third in revenue percent growth due to Netflix’s most popular Indian drama series to date, Heeramandi: The Diamond Bazaar, with 15 million views.
