Netflix Steps Squid Game To ‘Staggering’ As It Reaches 214 Million Global Subscribers – .

Netflix Steps Squid Game To ‘Staggering’ As It Reaches 214 Million Global Subscribers – .

Squid Game is the biggest surprise hit of the fall and is paying major dividends for Netflix. In its third-quarter financial results, the streaming giant said it reached 214 million subscribers globally as its revenue grew 16% year-over-year to $ 7.5 billion.
Netflix added 4.4 million paying subscribers during that time, which is largely attributed to the success of Squid Game. According to Netflix, 142 million “mind-boggling” households watched the popular Korean drama, which debuted in September. Now “Netflix’s biggest TV show,” Squid Game is the platform’s number one show in 94 countries and is reportedly worth $ 900 million to the streaming giant.

Outside of Squid Game, Netflix featured Money Heist and Sex Education, which drew 69 million and 55 million households, respectively.

Netflix’s success with Squid Game contrasts with the recent controversy over its Dave Chappelle special, which led to internal protests from transgender employees and the dismissal of at least one organizer. Chapel’s special has been accused of being harmful and transphobic, which has drawn criticism from figures such as actress Hannah Gadsby.

For the rest of the year, Netflix can look forward to the release of The Witcher Season 2, the sequel to one of 2019’s biggest hits. Its release is slated for December 17th. Netflix also recently acquired the Roald Dahl. Story Company, potentially paving the way for shows and movies based on James and the Giant Peach, Matilda, Charlie and the Chocolate Factory, and other popular shows.

Spotlight on Netflix: October 2021

In the meantime, Netflix says it’s changing the way it reports audience data, from total number of households to viewing times.

“There is some difference in rankings, as you see below, but we think engagement measured by hours viewed is a slightly better indicator of the overall success of our titles and member satisfaction,” he said. Netflix writes in its letter to shareholders. “It’s also consistent with the way outside services measure TV viewing and give proper credit to replay. Additionally, we will begin publishing headline metrics more regularly outside of our revenue report so that our members and industry can better measure success in the streaming world. “

For more on what to expect in the entertainment world, check out IGN’s Fall TV 2021 streaming preview, where we highlight all of the biggest shows for the rest of the season. year.

Kat Bailey is Senior News Editor at IGN


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