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Netflix reaches 148m subscribers, plans to test ‘top 10’ list in the UK
Netflix released its first quarter earnings for 2019 in a letter to investors on Wednesday, revealing significant growth for the streaming service and upcoming plans to improve user experience.
According to the report, Netflix has seen paid memberships increase by 26% over the past year, and now has just over 148–million subscribers. At the same time last year, 118-million users were subscribed to the service and, since the end of 2018, 9.8-million more subscribers have joined.
The company also revealed plans to test a new “top ten” list in the UK, which will show users what’s trending on the platform in various categories.
“For those who want to watch what others are watching, this may make choosing titles even easier,” the company explained.
If the test is successful, the new feature will expand to more regions.
Netflix also shared that it doesn’tt believe the new streaming services from Apple and Disney will negatively affect its own growth.
“Both companies are world class consumer brands and we’re excited to compete,” the company said.
Feature image: Memeburn