Netflix spent the first months of 2016 climbing past the 80 million subscriber mark, thanks to the continued success of its original programming and international expansion. It added a total of 6.74 million new subscribers worldwide, including 2.3 million in the U.S., for a total of 81.5 million subscribers.
During Q1 2016, Netflix brought in $1.96 billion in revenue (a 24% increase over last year), according to earnings announced today.
Netflix’s growth is slowing down. Last quarter, it reported a 17 million rise in subscribers after it expanded to 130 new countries. Next quarter, it expects to add only 2 million.
Netflix by the numbers (Q1 2016):
• Revenue: $1.96 billion (up 24% from last year)
• Subscriber growth: $6.74 million (2.23 million in U.S.)
• Expected sub growth in Q2: 2.5 million (500,000 in U.S.)
•Total subscribers: 81.5 billion JPT