Netflix kicked off the year with the biggest
subscriber gains in the history of its video
streaming service, but forecast a springtime
slowdown that disappointed investors.
The strong first-quarter performance coincided
with the video streaming service’s biggest
U.S. price increases and emerging streaming
challenges from Walt Disney and Apple, two of
the world’s most popular brands.
The video service added 9.6 million subscribers
worldwide during the first quarter of 2019,
topping the projections of both Netflix’s own
management and Wall Street analysts. It’s the
most subscribers that Netflix has gained during
any three-month stretch since the Los Gatos,
California, company unveiled its streaming
service 12 years ago.
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