“Netflix said on Thursday that it added another five million subscribers in the most recent quarter, helping to lift revenue to $9.8 billion during the period, a 15 percent increase from the same period last year.
The company now has 282.7 million subscribers globally, far outpacing its competitors in streaming. Net income in the quarter rose to $2.3 billion.”
Was anyone expecting this news? That’s an amazing set of figures.
But, here’s an interesting part of the news:
“The company plans to stop releasing quarterly information about total subscriber counts beginning next year but will unveil major subscriber milestones when it reaches them.”
No doubt, the conspiracy stories begin. What are they trying to hide, is the first one that comes to mind.
But what does it mean for the other streamers?
https://www.nytimes.com/2024/10/17/business/media/netflix-quarterly-repo...
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