🍿 2022-10-18 23:07:05 – Paris/France.
Reuter
Los Angeles / 18.10.2022/16/07 05:XNUMX:XNUMX PM
High availability diffusion Netflix reverse customer churns during the third quarter of the year and offered a slightly more optimistic outlook than Wall Street expected, predicting its new ad-supported plan would help attract 4,5 million subscribers by the end of the year.
From July to September, Netflix attracted 2,4 million new subscribers worldwide, more than double the 1,07 million predicted by the median of analysts polled by Refinitiv.
During the quarter, Netflix aired the final episodes of stranger things and the series of serial killers Dahmer – Monster: The Jeffrey Dahmer Storywhich has become one of the most-watched series of all time on the platform.
the giant of diffusion is working to relaunch the growth of its clientele after a sharp drop in the first half of the year, when the number of subscribers fell by 1,2 million. Netflix now has a total of 223,1 million subscribers worldwide.
In its quarterly letter to shareholders, Netflix noted that "our competitors spend a lot to get subscribers and commitment, but building a business of diffusion big and successful is difficult.
Netflix estimated that its competitors would end 2022 with operating losses combined of "well over $10 billion," compared to Netflix's annual operating profit of between $5 billion and $6 billion.
In the third trimester, Netflix beat Wall Street forecasts with revenue of $7,9 billion, 6 percent more than the previous year. Earnings were $3,10 per share.
The company's forecast of 4,5 million customer acquisitions by the end of 2022 slightly exceeded Wall Street estimates, which averaged 4,2 million. For the fourth quarter, Netflix forecasts revenue of $7,8 billiona sequential decline which he attributes to the strong value of the US dollar.
beginning of NovemberNetflix will launch a diffusion 7 $ per month with advertising to attract cost-conscious customers, a move executives had long resisted.
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SOURCE: Reviews News
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