Netflix added record number of subscribers, but stock dips

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Netflix added record number of subscribers, but stock dips
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Netflix is on the brink of 150 million subscribers

The streaming company added a record 9.6 million new subscribers in the first quarter of 2019, 1.74 million of whom are from the US, according to its latest earnings report, which was released Tuesday. Netflix and analysts predicted that it would bring in roughly 9 million new subscribers. Netflix now has 148.8 million subscribers globally, 60.2 million of whom are from the US.Profit in the first quarter of 2019 rose to $344 million from $290 million in the first quarter of last year.

Disney's service, Disney+, which will launch on November 12, 2019 in North America, comes loaded new and existing content from the company's most popular brands, including multiple shows coming from Marvel Studios, an original"Star Wars" series called"The Mandalorian," Pixar films and shorts, documentaries from National Geographic, and Disney animated classics like"Aladdin" and"Bambi.

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