Netflix adds millions of subscribers but growth slows
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NewsTranscript
00:00In other news, Netflix added over 5 million subscribers last quarter, reaching 282.7 million
00:08with a profit of $2.4 billion on $9.83 billion in revenue.
00:14Shares rose at nearly 5%.
00:16Executives expect a strong finish with upcoming releases like Squid Game Season 2, while daily
00:23viewing time increased to two hours.
00:26Ad-supported memberships grew by 35%, but analysts caution about viewer experience.
00:32The subscription-based streaming platform continues to lead the market, surpassing its
00:38competitors.