“Netflix Reports Surprising Growth with 232.5 Million Subscribers and Plans to End DVD Service”

2023-04-18 21:01:46

The streaming veteran, who has set out to diversify its sources of income, has also announced that it will discontinue its historic DVD rental service by mail launched 25 years ago by the end of the year.

Netflix now has 232.5 million subscribers, better than analysts expected, and posted first-quarter revenue of $8.16 billion, in line with market expectations, according to a statement from results released Tuesday.

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The streaming veteran, who has set out to diversify its sources of income, has also announced that it will discontinue its historic DVD rental service by mail launched 25 years ago by the end of the year.

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