Netflix subscribers are growing

The company indicated that it obtained about 1,398 million dollars in the third quarter of 2022, thanks to the subscribers who gained in that period

The streaming audiovisual content production and distribution company Netflix recorded profits of 1,398 million dollars in the third quarter of 2022, which represents a decrease of 3.5% compared to the result of the same period of the previous year, while has beaten its forecasts for new subscribers by gaining 2.4 million and surpassing the mark of 223 million subscribers worldwide.

“After a challenging first semester, we believe that we are on the way to accelerate growth again,” the multinational highlighted in the presentation of its accounts, adding that in November it will launch its new plan with announcements in 12 countries.

Between July and September, Netflix added 2.41 million new subscribers, more than double what it had estimated it would achieve. In this way, the total number of subscribers of the company has reached 223.09 million, with an increase of 9.5 million compared to the same period of 2021.

Most of these new subscribers came from its international markets, mainly Asia and the Pacific. In the United States and Canada, the platform gained 110,000 new subscribers, for a total of 73.39 million; while in Europe, the Middle East and Africa, 560,000 people joined Netflix, reaching 73.53 million subscribers.

In Latin American countries, the firm recorded 39.94 million subscribers, which represents 320,000 new registrations in the quarter, while in Asia-Pacific it recorded 1.43 million new paying users, reaching 36.23 million.

The income obtained by Netflix in the third quarter was 7,926 million dollars, 5.9% more than in the same period of the previous year.

In the whole of the first nine months of 2022, Netflix’s net profit was 4,436.6 million dollars, which represents a decrease of 1.6% compared to the same interval of 2021, after raising its turnover by 8 %. , up to 23,763.5 million dollars.

K. Tovar

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Source: Forbes

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