Informing internet television and video
Netflix added 9.33 million subscribers worldwide in the first quarter of 2024, which represents 16% growth in a year to just short of 270 million, with a claimed audience of over half a billion people. Quarterly operating income was $2.6 billion, up 54% on the same period the previous year. From 2025, when it could have 300 million subscribers worldwide, Netflix will no longer report quarterly subscriber numbers or average revenue, preferring to focus on revenue and free cash flow.
Netflix now has 269.60 million subscribers, or members as it prefers to call them. It added 2.53 million in the United States and Canada, to reach 82.66 million, with an average monthly revenue of $17.30. In the EMEA region there were 2.92 million additions to a total of 91.73 million, while in the LATAM there were 1.72 million additions for a total of 47.72 million, and in APAC the gain was 2.16 million and a total of 47.50 million.
The company no longer provides a forecast of its subscriber numbers, although it did concede that the gains in the second quarter of 2024 were unlikely to be as high as in the first.
