HBO takes pride in having 134 million subscribers at the global level, covering viewers paying for an internet-only variant of the channel that was sparked by Netflix's success.
Its shares dropped as much as 3 per cent in after-hours trading before rebounding to gain 1.3 per cent.
Despite the growth, subscription numbers fell short of expectations - the company previously predicted 1.5 million in the US and 3.7 million internationally.
While Amazon was behind the curve when it came to streaming video and expansion into global markets, the company is quickly making up ground on Netflix, especially when it comes to its commitment producing original content. The actual figure came in at 4.95 million additional subscribers. This is a bit less than the company's own projections that saw it predict 5.2 million subscribers in the first quarter - 1.5 million in the US and 3.7 million internationally.
Netflix, whose original shows include the award-winning British drama "The Crown" and "A Series of Unfortunate Events", added 3.53 million subscribers outside the United States in the quarter ended March 31. Netflix's services extend from $8 to $12 a month, with the most economical option at $10. The Internet television network reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.03. The business's revenue was up 34.7% on a year-over-year basis. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-six have given a buy rating to the company.
Anne Hathaway Worried That She Had "Internalized Misogyny" While Filming This Movie
They get fewer opportunities to take their shot at top-grossing films and less leeway for their films to be well-received. The actor added that, despite her embarrassment, it seemed important that the subject be raised.
"The company needs to plan for a future in which its U.S. business is virtually saturated, and overseas growth starts slowing", said Paul Verna, eMarketer principal analyst focused on digital video. The firm continues to insist that Netflix will remain focused on streaming video on demand and has no interest in adding ad-supported live streaming.
From this angle, it remains to be seen whether Netflix shares will first want to retest the previous area of resistance around $128-$130 before pushing higher.
Revenues: $2.64 billion, slightly below the firm's estimate of $2.65 billion, but in line with the consensus.
The inclination has presented Netflix with more rivalry in the contest for home entertainment budgets.