Netflix files a second quarter growing and moves ahead of its rivals. Thanks to the crackdown on password sharing and the introduction of subscriptions with advertising, the streaming TV giant he added in the April-June period 8,05 millions of subscribers, more than analysts' expectations and well above the 5,89 million in the same period last year. THE revenues they rose by 17% to 9,56 billion, above the market forecast which was betting on 9,49 billion. Net profit jumped 44% to 2,15 billion, compared to the 2,06 billion expected by analysts.
Netflix, positive results: here's why
Positive results that also benefited from a number of live programs increasingly numerous on the platform. “If executed well, we believe we have additional room for growth,” Netflix said in its letter to shareholders, referring to its new initiatives in live programming, video games and advertising. Among the new releases for next autumn, the miniseries entitled Senna, dedicated to Ayrton Senna, champion and icon ofworld motor racing: Gabriel Leone will play the protagonist and will thus retrace the journey full of triumphs, disappointments, joys and sorrows.
The results beyond expectations, therefore, allow Netflix to lengthen the stride on rivals such as Disney e Warner Bros Discovery committed to finding a balance between the decline in revenues from traditional TV and investments in their social platforms.
