Netflix's revenue rose 17% to $9.5 billion, with net income growing 44% year over year to $2.1 billion. Paid memberships reached 277.65 million, up 16%.
Ad-supported memberships grew 34% quarter on quarter, accounting for 45% of new sign-ups. Netflix's ad revenue is increasing but is not expected to be a primary driver of revenue growth in 2024 or 2025.
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