NETFLIX hit 232 million subscribers

On Tuesday, Netflix said that its subscriber base reached 232.5 million in the first three months of this year, and that its nascent ad-supported tier is doing well. However, after-market trading on Netflix shares saw a drop of more than 3% as the leading provider of streaming television announced a profit of $1.3 billion that was in line with forecasts.

Netflix, $NFLX earnings:

- EPS $2.88 vs $2.86
- Revenue $8.16 billion vs $8.18 billion
- Net new subs of 1.75 million vs 2.4 million
- stock down 11% initially

— unusual_whales (@unusual_whales) April 18, 2023