Netflix Adds 1.75 Million New Subscribers in Q1 2023

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Nabilah Muhamad 15/06/2023 18:40 WIB

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In the first quarter of 2023, Netflix had 232.5 million subscribers, an increase of 1.75 million compared to the previous quarter.

Netflix Subscribers Worldwide (Q1 2022 - Q1 2023)

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Netflix Subscribers Worldwide (Q1 2022 - Q1 2023)

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Netflix is a paid streaming application that allows users to watch television shows and movies from around the world.

According to the 2023 Quarterly Earnings report, in Q1 2023 Netflix had 232.5 million subscribers, an increase of 1.75 million subscribers compared to the previous quarter.

This is positive progress for Netflix, as in Q1 and Q2 2022 they lost hundreds of thousands of subscribers per quarter.

In the first quarter of this year, Netflix rebounded by releasing several popular shows, such as *The Glory*, the second season of *Ginny & Georgia*, *That '90s Show*, and others.

As a result, in Q1 2023 Netflix achieved revenue of US$8.16 billion, or approximately Rp122.26 trillion (assuming an exchange rate of Rp14,979 per US$), a 3.7% increase compared to Q1 of the previous year.

"We expect our revenue to grow steadily during the second half of 2023, in line with our efforts to improve service quality, more broadly promote paid sharing in Q2 2023, and continue to develop our advertising business," said Netflix management in its report.

(Read also: [Release of the Final Episode, Doctor Cha Becomes the Second Most Popular Netflix Series Globally])

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Netflix Adds 1.75 Million New Subscribers in Q1 2023

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