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Netflix continues to hit historic highs! The ad-supported subscription plan has reached 70 million monthly active users globally.
On the news front, Netflix stated that the ad-supported subscription plan currently has 70 million monthly active users globally, almost doubling from the 40 million reported in May of this year.
U.S. stocks on the move | Netflix (NFLX.US) continues to hit record highs, with a global monthly active user base of 70 million for its ad-supported subscription plan.
On Tuesday, Netflix (NFLX.US) opened slightly higher, hitting a new all-time high. As of the time of writing, it rose by over 1%, reaching $815.78.
Netflix (NFLX.US) subscription plan supported by advertising reaches 70 million monthly active users.
Netflix (NFLX.US) stated that two years after the launch of its low stock price, ad-supported subscription plan, the global monthly active users have reached 70 million. The company mentioned that over 50% of the new registered users subscribed to the ad-supported plan in countries or regions where the option is available. Netflix also noted that all business segments continue to show positive momentum and growth, with steady progress in the number of memberships in all countries. Last month, Netflix announced that the third quarter saw an increase of 5.1 million subscription users, exceeding market expectations, with the total number of members reaching 0.283 billion.