Global 'Squid Game' mania lifts Netflix quarter

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Netflix's 'Squid Game' helped lure more new customers than expected, the streaming service said as it predicted a packed lineup would further boost signups through the end of the year.

Netflix Inc's global sensation "Squid Game" helped lure more new customers than expected, the world's largest streaming service said on Tuesday as it predicted a packed lineup would further boost signups through the end of the year.

Then, South Korean drama "Squid Game" debuted on Sept. 17 and surprised executives by becoming the streaming service's most-watched original series in its first month. On Tuesday, Netflix said a "mind-boggling" 142 million households had watched the dark drama about people who compete in a deadly competition to erase financial debt.

It also expects a "more normalized" programming slate in 2022 spread throughout the year, "assuming no new COVID waves or unforeseen events," the company said in a quarterly letter to shareholders.OVERSEAS GROWTH For the quarter that ended in September, diluted earnings-per-share came in at $3.19, beating analyst expectations of $2.57. Revenue rose 16% to $7.5 billion.

 

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