Netflix is known as one of the most popular digital streaming platforms in the world. There are hundreds of TV series and movies in the platform library. This attracts the attention of moviegoers. Finally , Netflix published its highly anticipated financial report for the first quarter of 2024. Thus, it became clear how much money he earned. Here are the number of Netflix subscribers and revenue…
Netflix gained nearly 10 million subscribers
When we look at the latest report shared by Netflix , we see that the company gained 9.33 million new subscribers in the first quarter of 2024 . At this point, we should point out that this figure is approximately twice the analysts’ estimate. So the company far exceeded expectations. So is it the same on the income side?
According to the report , Netflix generated $9.33 billion in revenue in the first quarter of the year . Net profit was announced as 2.33 billion dollars . These figures are also above estimates. It is stated that the company has exhibited a significant rise, especially in the United States and Canada .
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Netflix announced that 40 percent of new subscribers prefer the plan with advertising. This is an important source of income for the company. Because it receives payment from companies that want to show ads, and subscription fees from users who want to watch TV series and movies with ads.
The steps Netflix will take in the coming periods will also affect the revenue the company generates. So, what do you think about this issue? Don’t forget to share your opinions with us in the Comments section below.
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