Netflix keeps adding subscribers as Squid Game becomes its biggest hit

The slower start off to the yr implies it is however on monitor to include just over 18m subscribers this yr, the worst overall performance given that 2016. 

Nonetheless, traders appeared cheered by the most up-to-date figures, with shares growing nearly 4pc in after-hrs investing.

It was not just Squid Recreation which drew subscribers in the most up-to-date quarter, and new collection of strike displays Sex Training and La Casa de Papel also served entice audiences back to the streaming web-site.

Netflix stated it would be changing how it recorded how persons were being viewing its displays, and would alternatively start off reporting hrs considered rather than the complete quantity of accounts which watched a exhibit.

It stated this “matches how outside services evaluate Tv set viewing and presents right credit history to rewatching”.

The streaming web-site revealed that the recent outage at Fb before this month prompted a 14pc spike in engagement. 

“We contend with a staggeringly large set of activities for consumers’ time and awareness like observing linear Tv set, reading through a book, searching TikTok, or playing Fortnite, to title just a few.”