Netflix has accumulated 148 million subscribers around the world, the company revealed in its earnings report for the first quarter of 2019.
For Q1 2018, the company posted 125 million subscribers, marking a 23 million increase since this time last year.
Specifically, Netflix added 9.6 million subscribers in the last three months, above expectations of 8.9 million new subscribers.
This works out to record quarterly subscriber growth for Netflix and comes in spite of the fact that the company raised its prices over the past several months.
In terms of revenue, Netflix brought in $4.52 billion USD during this quarter, compared to the $4.50 billion that was forecast.
In the second quarter, Netflix says it will test a weekly top 10 list of its most popular content in the United Kingdom. After a few months, it says it will decide whether it wants to expand the test to other regions.
While Netflix has been doing exceptionally well lately, the streaming market landscape is set to change drastically in the coming months. Both Disney and Apple have unveiled multi-billion dollar streaming services which are set to launch in fall 2019.
However, Netflix says it isn't worried about the increased competition.
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