Netflix announced it had added 9.33 million subscribers to its streaming service worldwide in the first quarter of 2024, as it brought in $9.37 billion in revenue for that time period.
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Netflix has reported a decline in its total subscriber count for the first time since October 2011. The firm has attributed this to its exit from Russia and cancellations due to price hikes.
Netflix has confirmed that it will not insert ads to lower the entry price of subscriptions on its streaming service. The company could, however, explore an ad-subsidized model owing to competition.
More than a year after launch, Apple's Music streaming service now has 20 million paying subscribers. While that's an impressive user base, it's still only half that of Spotify, Apple's competitor.
