Netflix says ad-supported service has 94 million subscribers
1. NFLX's advertising-supported tier subscriber count rose to 94 million. 2. This growth from 70 million in November signals strong demand.
FAQ
Why Bullish?
The increase in subscribers suggests robust revenue potential. Historically, similar growth in Disney+ and Hulu positively influenced their stocks.
How important is it?
Subscriber growth directly impacts Netflix's revenue and could change market perception positively.
Why Short Term?
This immediate subscriber growth likely boosts Q1 earnings. Historic patterns show quick market reactions to subscriber metrics.