Netflix secured a record number of new subscribers at the end of last year as the rise of the streaming giant increased concerns about the fate of traditional broadcasters. The company revealed last night that 8.8m households had joined the service in the final three months of 2018 to reach almost 140m, helped by a leap in new customers from outside the US, its biggest market. The figures will raise more fears that its rapid growth is squeezing out commercial TV broadcasters. Shares in the US giant fell by around 4pc after the results, however, as revenue figures were slightly lower than expected. Netflix revealed that revenues in the fourth quarter reached $4.2bn (£3.2bn), up 27pc year on year… To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register for free Register for free to continue reading this article Register Or unlock all Premium articles, free for 30 days Start trial Already have an account? Login Want to learn more? View all subscriptions
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