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Netflix adds another 8 million international subscribers

Streamer beat its own estimates for Q1 2019

Netflix has revealed it signed up 7.86 million subscribers outside the US in the first quarter of 2019.

Added to an increase of 1.74 million subs in the US, Q1 saw the streamer recorded the highest subscriber gain for a quarter in its history, 9.6 million.

That figure beats Netflix’s own estimate for Q1, it had expected to add 8.9 million in total.

The company now has 148.9 million subscribers in total (with some predicting that figure could have hit 150 million when adding in viewers currently trialling the service).

Netflix reported total revenue of $4.5 billion for the quarter, exactly in line with internal forecasts and the estimates of analysts, which was up 22 per cent from the same quarter a year ago.

However, the company admitted it expects to see “some modest short-term churn effect” as it increases prices, but did highlight its strong slate of content due to debut in the second half of the year, including new seasons of Stranger Things, The Crown and Orange Is The New Black, as well as Martin Scorsese’s new film The Irishman.

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