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3 months ago

Global 'Squid Game' mania lifts Netflix quarter

KiniTV
KiniTV
The global popularity of Korean thriller Squid Game lured more new customers to Netflix than expected in the recent quarter, and now the world's largest streaming service is predicting more growth through the end of the year.

After a sharp slowdown in the first half of 2021, Netflix Tuesday said it added 4.38 million subscribers from July through September to reach a worldwide total of 213.6 million… surpassing Wall Street’s expectations.

Netflix enjoyed a subscriber boom last year as the health crisis kept audiences at home, but growth stalled in the first half of 2021. At the same time, competitors including Disney+ and HBO Max bolstered their offerings.