Netflix

Netflix beats estimates for paid subscriber additions

Reuters
Netflix beats estimates for paid subscriber additions

NETFLIX

Photo by Gelo Gonzales/Rappler

The company says it added 8.51 million paid subscribers during the fourth quarter of 2020

Netflix Inc beat Wall Street estimates for holiday quarter paid subscriber additions on Tuesday, January 19, as its originals like Bridgerton and The Queen’s Gambit helped attract more viewers sheltering at home due to fresh COVID-19 restrictions.

The company said it added 8.51 million paid subscribers during the fourth quarter ended December 31, beating analysts’ estimates of 6.1 million, according to IBES data from Refinitiv. – Rappler.com

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