The Netflix logo is seen at the Netflix Tudum Theater in Los Angeles, California, in September 2022. – AFPpicNetflix said on Tuesday its number of subscribers hit a record high 232.5 million in the first quarter of the year and that its nascent ad-supported tier is faring well.
“We believe this will result in a better outcome for both our members and our business,” Netflix said. As growth at Netflix cooled last year, the Silicon Valley based streaming company focused on creating a lower priced subscription tier with advertising.
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