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Netflix reaches 139 million global subscribers

Streamer added 8.8 million new subscribers during Q4 2018

Netflix has revealed it now has a global subscriber base of 139 million.

In reporting its Q4 2018 earnings, the streamer revealed it had added 8.8 million paid subscribers during the period, an increase of 34 per cent compared to the same period in 2017.

The company reported total revenue of $4.187 billion for the quarter, slightly below internal forecasts.

Netflix also took the opportunity to reveal viewer numbers for some of its recent original content. It said Bird Box has now been viewed by some 80 million homes, while it claimed new series You and Sex Education have each been seen by 40 million.

In a letter to shareholders, CEO Reed Hastings noted the expected launch of a number of streaming rivals over the next 12 months: “We compete with (and lose to) Fortnite more often than HBO,” he said. “Our focus is not on Disney+, Amazon and others, but on how we can improve our experience for our members.”

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