Netflix's stock soars as the company says it gained 2.4 million new subscribers

  • 📰 axios
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Netflix's stock was up more than 10% in after-hours trading Tuesday after the company said it added 2.41 million subscribers vs. the 1 million subscribers it originally forecasted last quarter.

$7.93 billion vs $7.837 billion, according to Refinitiv survey.Addition of 2.41 million subscribers vs. an addition of 1.09 million subscribers, according to StreetAccount estimates.happening in wake of the pandemic has pushed Wall Street to reconsider ways companies like Netflix can grow profits from existing subscribers, rather than bank on high levels of new subscriber growth.

Netflix noted its competitive advantage in a note to investors, saying: "Our competitors are investing heavily to drive subscribers and engagement, but building a large, successful streaming business is hard - we estimate they are all losing money, with combined 2022 operating losses well over $10 billion, vs. Netflix's $5 to $6 billion annual operating profit."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Why pay extra for a “clear image” version when you can just unsubscribe.

Getting a bit giddy about the ad version there. More likely people will downgrade to that rather than get new signups.

Guess it wasn't too woke after all

Is that all the former subscribers who dropped the service last year?

Weren't they writing Netflix off as dead just a couple of months ago?

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 302. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Why stock market investors should wait for the 10-year Treasury to 'blink'When the bond market starts brushing off new Federal Reserve interest rate hikes or tough inflation talk, it's probably time to buy stocks, says the Leuthold... So we’re just missing the peak. I am ready for the blink
Källa: MarketWatch - 🏆 3. / 97 Läs mer »