Netflix, as part of its first quarter 2023 earnings report, announced that it has added 1.75 million subscribers so far this year, bringing its total global subscriber count to 232.5 million.

This represents a 4.9 percent year-over-year increase compared to the challenging first quarter of 2022, when the streaming giant lost subscribers and triggered a ripple effect on other media companies that were heavily invested in streaming.

Compared to the previous quarter, the 232.5 million total subscribers for Q1 reflects a modest increase from Q4, when Netflix closed out 2022 with 230.75 million global subscribers, adding 7.66 million subscribers during the fourth quarter after experiencing a loss of over 970,000 subscribers at one point in the year and facing a significant drop in stock prices as a result.