Netflix Easily Beats Forecasts on Q1 Net Subscriber Adds for US, Internationally

Netflix added 7.42 million new subscribers in Q1, easily beating its forecasts of 6.35 million global net additions, the company said Monday in its quarterly letter to shareholders. It added 1.96 million subscribers in the U.S., well ahead of its forecast of 1.45 million net adds, it said. Internationally, Netflix had 5.46 million new subscribers, beating its forecast of 4.9 million, it said. Revenue grew 43 percent year over year in Q1, “the fastest pace in the history of our streaming business,” helped in part by a 14 percent rise in average selling price, it said.