Netflix Adds Subscribers, Burns Cash As Streaming Wars Intensify

PCMag
PCMag
Nov 4, 2019 · 2 min read

The streaming giant added almost 7 million new subscribers in Q3 2019, the majority of which are international. Netflix’s quarterly content budget also ballooned to $3.74 billion, its highest spending to date.

By Rob Marvin

Netflix’s defensive strategy against a growing cadre of streaming competitors is pretty simple: Keep…