Spotify’s 30 million paying customers may be the current high-point for music-streaming subscriptions, but over in video-streaming land the bar is higher.
Netflix now has 77.7 million paid ‘memberships’, up from 70.8 million at the end of 2015. The company revealed the figure in its latest quarterly financial results, as it reported Q1 revenues of $1.81bn and a net profit of $28m.
45.7 million of Netflix’s paying subscribers are in the US, while 32 million are elsewhere in the world, with net member additions internationally more than double those in the US last quarter.
Netflix warned that it expects these additions to slow down considerably in the second quarter of this year: predicting just 0.5 million new US members and 2 million internationally in Q2 – the latter due to “a tough comparison against the Australia/New Zealand launch” in Q2 2015″.