The subs are in line with what it guided last quarter when it said that "paid net additions to be down sequentially but to be up versus Q1’23 paid net adds of 1.8M." due primarily to price changes in Argentina and the devaluation of the local currency relative to the US dollar. paid net additions should be lower in Q2’24 vs. Q1’24 due to typical seasonalitythe company also forecasts global ARM to be up year-over-year on a F/X neutral basis in Q2. The company added almost 3 million customers in that region, following the 5 million added last quarter. The average amount Netflix makes per customer has increased only modestly in the past year, at $16.64, and rising 3%.

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