According to the Bloomsberg analysis, the corporation estimated that more than 100 million people were using their accounts without making any payments. Netflix has successfully convinced millions of freeloaders to subscribe and pay for access, despite executive fears about possible customer displeasure.
The streaming giant also said that 9.3 million additional users were attracted to the service by its ad-supported streaming choices. By the end of March, 269.6 million subscribers worldwide will have signed up thanks to this spike.
With its recent spike in value, Netflix’s stock is currently trading around the top of its 52-week range. Wall Street analysts issued a warning, stating that the stock price may be at risk due to the high expectations that were held before the results report.
