Netflix Has Seen A Major Boost In Subscribers
Overall, Netflix now has a record number of 260.3 million subscribers.
Netflix has seen a significant boost in sign-ups.
The streaming company added over 13 million subscribers in the fourth quarter, compared to the expected 8.7 million.
Overall, Netflix now has a record number of 260.3 million subscribers.
It’s stock has also jumped more than 7% in after-hours trading.
Over the past year, Netflix implemented several initiatives aimed at adding subscribers, including a password-sharing crackdown that pushed password “borrowers” into creating their own subscription accounts.
The company also introduced a lower cost advertising-supported subscription tier for $6.99.