Netflix topped earnings expectations Thursday, reporting that profit and subscriber ranks grew as its heavy bet on a rich content line-up paid off amid a crackdown on password sharing.The leading streaming television service said it gained 9.3 million subscribers in the recently ended quarter, raising the total to 269.6 million.Netflix reported a profit of $2.3 billion on revenue of nearly $9.4 billion in the quarter, compared to a net income of $1.3 billion on $8.2 billion in revenue in the...
Netflix topped earnings expectations Thursday, reporting that profit and subscriber ranks grew as its heavy bet on a rich content line-up paid off amid a crackdown on password sharing.
Netflix topped expectations Thursday as it reported 9.3 million new subscribers and profits of $2.3 billion in the first three months of the year. Silicon Valley-based Netflix had bet heavily on its content lineup to win fans, with subscribers now totaling 269.6 million. "With more than two people per household
The storyline is playing out nicely for Netflix. The streaming company reported its latest earnings on Thursday (April 18), with Wall Street keeping a close eye on expected revenue and subscriber growth resulting from its recent password-sharing crackdown. But no one expected the dramatic results it delivered: Netflix ended the first quarter with 269.6 million paying […]
New data from Netflix's reported earnings show that it gained 9.33 million paid subscribers for Q1 2024 alone.
By moving away from a singular pricing model to more diversified tiers, Netflix aims to optimize its revenue streams while catering to its subscribers' unique needs and affordability worldwide.
One of the big things that happened, when the rise of streaming TV kicked off roughly a decade ago, is that everybody got very cagey about numbers, very quickly. Netflix was the first to get the big idea, of course, realizing that, since they’d essentially sidestepped Nielsen ratings entirely (with the polling company only recently able to offer even loose numbers of its own to track who’s watching what), it didn’t do anybody any good to tell the public what they weren’t watching. This...
The recent subscriber additions brought Netflix’s total subscribers to 269.6 million at the end of March.
Netflix made some risky moves last year but it seems to have paid off.
In its latest strong quarterly report, Netflix said it added 9.3 million
Netflix makes a big announcement. In reporting its first quarter earnings for 2024, Netflix announced that they will stop reporting subscriber numbers starting in 2025. Netflix will announce "major subscriber milestones" as they happen, but won't disclose quarterly subscriber numbers. “As we’ve noted in previous letters, we’re focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction. In our early...
While it is unclear how Netflix is performing in India this quarter, it reportedly saw a 0% growth in monthly active users in Q4FY23, while also running into problems with some of its Indian content this quarter.