In the streaming market, Netflix takes advantage of its competitors by having reached 8 million customers in the second quarter of the year.
The platform recently reported a wide lead over the rest of the companies in the sector, in addition to an increase in annual sales volume and profit margin.
The results have exceeded expectations “in all regions of the world and included 2.8 million new customers in Asia-Pacific. Analysts expected, on average, a total of 4.87 million.”
Forecasts for the next quarter point to a profit of US$5.10 per share, exceeding Wall Street estimates, with sales of US$9.73 billion.
According to Netflix, “the increase in subscribers will be lower than last year, which was 8.76 million. Analysts predict 5.18 million.”
In 2025, the company plans to stop reporting subscriber numbers, which has been seen as a bad sign about its future growth by analysts. In any case, they are confident in sustained growth, and have raised their estimate of profit margins for the entire year.
M.Pino
Source: perfil
(Reference image source: BoliviaInteligente in Unsplash)
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