Netflix starts its year with underwhelming first quarter earnings

Netflix said Tuesday it is shutting down its DVD delivery operation, ending its original business after a 25-year run. The company cited the cost of operating it after years of seeking customers move online.

The company has been testing ways of charging customers for sharing accounts in Latin America, and rolled out plans in four territories in the first quarter. It said it would begin to charge for password sharing in the US, its largest market, in the next couple months. Analysts see this as a large potential source of new customers.

The advertising tier debuted in November but has yet to contribute a material number of subscribers. The company had said that both advertising and password sharing will offer modest contributions in the first quarter of the year but would pick up in the current period. Foreign territories accounted for almost all of Netflix’s growth in the quarter. The service added just 100,000 customers in the US and Canada after losing almost 1 million customers last year. The Asia-Pacific region continues to be Netflix’s bigger source of new customers. The service added 1.46 million customers there in the quarter, thanks in part to lowering prices in India. It lost subscribers in Latin America, a development that could be the result of the crackdown on password sharing.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Judge delays trial over voting machine company’s $1.6 billion lawsuit against Fox NewsThe judge overseeing a voting machine company’s $1.6 billion defamation lawsuit against Fox News says he is delaying the start of the trial until tomorrow
Herkunft: thejournal_ie - 🏆 32. / 50 Weiterlesen »

‘This company has destroyed a lot of value’: Ires Reit investors push to go privateBoss of 5 per cent shareholder Vision Capital says country’s biggest landlord is failing to capitalise on the best rental market in the world, and aims to foment change at the upcoming AGM
Herkunft: businessposthq - 🏆 8. / 71 Weiterlesen »

Insolvent ‘golden visa’ company transferred €65m to related firmsHigh Court has appointed liquidators to two companies owned by Chinese national Kai Dai
Herkunft: IrishTimesBiz - 🏆 6. / 77 Weiterlesen »

Wicklow based agritech company Piper Systems signs €1.8m US dairy dealDeal with Dairy Farmers of America includes a bulk order of Piper’s systems for farms in central and the southeast of the US
Herkunft: IrishTimesBiz - 🏆 6. / 77 Weiterlesen »

Singer Dermot Kennedy’s company makes record profits in 2022Cash funds at the business last year increased from €911,473 to €1.679m via IrishTimesBiz
Herkunft: IrishTimesBiz - 🏆 6. / 77 Weiterlesen »