Netflix also predicts unexpectedly high user growth because of “Squid Game”

Squid Game

The Korean series is one of the most successful productions of the streaming service Netflix.

(Photo: Reuters)

Los Angeles Among other things, Netflix is ​​assuming that the South Korean hit series “Squid Game” will grow more than experts worldwide. The online video service predicted an increase of 8.5 million paying customers for the current fourth quarter on Tuesday after the US market closed, while analysts assume Refinitiv data of 8.3 million.

In the third quarter just ended, Netflix gained almost 4.4 million more customers, roughly half a million more than expected. Revenue rose to $ 7.48 billion after $ 6.44 billion in the previous year and was in line with forecasts. Earnings per share were $ 3.19 based on estimates of $ 2.56. The Netflix share initially gained three percent in after-hours trading.

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