Netflix reaches a new subscriber record and recovered 2.4 million between July and September

Netflix promised a million new subscribers, but achieved 2.4 million during the third quarter of 2022. This is a victory for the streaming leader, which clamped down after its numbers fell in the first half of the year.

The company surprised the market after the close, gaining 14% in after-hours electronic trading. Netflix said it reached 223 million accounts, after losing 1.2 million between January and June..

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This new Record breaks 221.8 million subscribers at the end of 2021when the pandemic skyrocketed the demand for online entertainment services.

“After a difficult first semester, we think we are on the path of rapid growth again”, expressed the Californian group that now expects to reach 227.6 million subscribers by the end of the year.

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Netflix will launch a new cheaper monthly plan in November, with advertising. In this way, you will seek to attract new customers and obtain additional benefits.

The company’s financial results also exceeded market expectations, particularly its net profit of 1.4 million dollars between June and September, instead of the 966 million expected by analysts. Its turnover reached 7,900 million dollars.

Source: Elcomercio

James

I have worked as a journalist for over 10 years and have written for various news outlets. I currently work as an author at 24 News Recorder, mostly covering entertainment news. I have a keen interest in the industry and enjoy writing about the latest news and gossip. I am also a member of the National Association of Journalists.