Netflix Surpasses Subscriber Forecasts with Live Events and 'Squid Game' Return

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Netflix Surpasses Subscriber Forecasts with Live Events and 'Squid Game' Return
NETFLIXSUBSCRIBERSLIVE EVENTS
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Netflix adds 18.9 million subscribers in its holiday quarter, beating Wall Street expectations. Live sporting events and the second season of 'Squid Game' drive record new customer sign-ups. The streaming giant announces price increases for most service plans in select countries to fund increased programming costs.

Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street’s forecasts, with live sporting events and the return of its popular South Korean series “Squid Game” attracting a record number of new customers, the company reported Tuesday.

The service also benefited from the second season of its dystopian thriller “Squid Game,” which the company said is on track to become one of its most-watched original series. “Netflix reaffirms its leadership position and is absolutely running away in the streaming market,” said Paolo Pescatore of PP Foresight. “It is now flexing its muscles by adjusting prices given its far stronger and diversified programming slate compared to rivals.”

Live events help attract brand marketers, fueling Netflix’s advertising strategy. The company said the ad-supported version of its service accounts for 55% of its new sign-ups in countries where it is available.

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NETFLIX SUBSCRIBERS LIVE EVENTS SQUID GAME PRICE INCREASE

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