Streaming service’s ad-supported subscription and live event streaming saw revenue reach $9.5bn in latest quarter
The international success of hits including Baby Reindeer and Bridgerton helped Netflix gain another quarter of revenue increases, as the streaming giant continued to draw in subscribers with ad-supported subscriptions and live events streaming.
The largest streaming service in the world added 8 million subscribers in the latest quarter, making its total subscriber count 277.7 million worldwide. Revenue grew 17% during the quarter, reaching $9.5bn.
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