Company aiming to add 5.0 million subscribers in current quarter

Netflix (NFLX) is aiming to add 14.6 million paying subscribers in the first six months of 2019. The company added 9.6 million subscribers in the first three months of the year. In order for Netflix to achieve its subscriber acquisition goal for the first half of 2019, the company needs to add 5.0 million new subscribers by June. And the company says that is possible. For the current quarter, Netflix expects to add 0.3 million subscribers in the United States and 4.7 million overseas, totaling 5.0 million.

Can Netflix Add 15 Million Subscribers in Six Months?

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Netflix wants to make 2019 another record year for subscriber gain

Netflix added more than 28.6 million subscribers in 2018 to exit the year with a total of 139.3 million paying subscribers, which made it a record year for the company in terms of subscriber growth. Hulu, one of Netflix’s major competitors, exited 2018 with 25 million subscribers. Hulu is jointly owned by Walt Disney (DIS) with a 60% stake in the business and Comcast (CMCSA) with 30% stake in the business. AT&T (T) had a 10% stake in Hulu but sold it back for more than $1.4 billion. Dish Network (DISH) closed 2018 with more than 2.4 million subscribers on its Internet-based television service called Sling TV.

Netflix is looking for another record year of subscriber acquisition in 2019. The company exited the first quarter with 148.9 million paying subscribers.

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