Technology

Netflix adds almost 3 million new subscribers in Latin America

The streaming service ended the first quarter with 15.8 million new subscribers worldwide

Photo: Shutterstock
Ler em português
  • Now, Netflix has 182.9 million subscribers worldwide and 34.3 million in Latin America;
  • Despite the exceptional increase in the number of new customers, revenue was affected by the appreciation of the dollar.

On the very same day that one of its main future rivals announced its streaming service debut day, Netflix presented its results for the first quarter of 2020. The firm has added nearly 16 million new subscribers to its base (2.9 million in Latin America), according to the Wall Street Journal. Now, Netflix has 182.9 million subscribers worldwide (34.3 million in Latin America).

Netflix‘s new numbers are more than double the 7.2 million figure that the company has initially predicted for the period. Most of the growth comes from markets outside North America (22% year over year). 

According to Folha de S.Paulo, Netflix said that despite the exceptional increase in the number of new subscribers, the company’s revenue was affected by the appreciation of the dollar. In Brazil, for instance, the company saw its revenue decline by 25% because of this–the BRL 33,00 of the basic subscription, which was worth $8.50 in 2019, now hovers around $6.20.