Netflix has managed to pick itself back up, as it gains 2.4 million subscribers in the third financial quarter and predicts it will have a strong fourth quarter.
As reported by Variety, following two quarters of losses, Netflix has seen some growth in Q3. The streaming company has also informed investors that it expects Q4 to be a strong one, rounding off the fiscal year, though did mention that it doesn’t expect any immediate large gains from the upcoming launch of its ad tier.
Q3 saw Netflix gain around 2.41 million net new paid subscribers, bringing the total number worldwide to roughly 223.1 million as of the end of September. Over the past year, the company has seen a number of losses, having reported a loss of 200,000 subscribers in April, and a further loss of nearly one million subscribers even with the arrival of Stranger Things season 4.