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Netflix announced this week the fourth quarter financial result for 2018 and confirmed that other services, such as Hulu and HBO, are not its competitors. According to the streaming giant, its net profit was $ 139 million which represents a 27.8% decrease over the same period in 2017.
If Financial data are taken into account for the whole of 2018, the company's revenues increased from $ 3.285 billion in 2017 to $ 4.186 billion . This result, despite its growth, is somewhat below market expectations.
One of the justifications used by the company for the figures is that the currency difference has affected its results and that the operating margin has fallen from 7.5. % to 5.2%. According to the company, this is mainly due to the launch of new original titles at the end of the year.
In view of the number of subscribers, Netflix gained about 8.8 million new users in the fourth quarter, of which only 1.5 million were in the United States. Netflix has completed the year 2018 with 139 million subscribers worldwide.
Netflix ended the year 2018 with 139 million subscribers worldwide and this exceeded its previous expectations. The company is therefore convinced that Hulu and HBO Go are not their competitors because their penetration outside the United States is low.
Another curious point highlighted by the streaming giant is the one that appears during a "power outage" of YouTube. his platform had a much higher viewing spike than normal. In addition, Netflix points out that the original content was a formidable catalyst for new subscribers
. As a result, the company must stop focusing on third-party content to invest in more exclusive productions. one of the main reasons for the increase in the price of US signatures.
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