Netflix has exceeded Wall Street’s expectations for new subscribers for the second consecutive quarter.
According to the New York Post, the streaming service saw an increase of 9.3 million new customers, driven by the platform’s ad-supported plans.
However, the company has forecasted a revenue growth slightly below analysts’ estimates for the next quarter. Netflix executives have announced that they will stop reporting quarterly subscriber additions, opting to communicate them only when significant milestones are reached, emphasizing the importance of revenue and operating margins as key metrics.
Despite uncertainties about what will drive new subscriptions after the maximum possible number of users has been attracted by the crackdown on password sharing, Netflix continues to focus on expanding its entertainment offerings and growing its advertising business.
Source: New York Post This content was created with the help of AI and edited by the editorial staff.
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