Netflix stock placements as Q2 numbers fall short | New



[ad_1]

  c robert viglasky netflix crown

Netflix fell short of its second-quarter subscriber growth goals, adding 5.2 million memberships worldwide instead of the 6.2 million that the streaming giant had predicted.

Netflix saw its global subscriber base climb to 130.1 million over the three months ending June 30, with 57.4 million in the United States and 72.8 million in international markets.

down from 1.1 million last year in the second quarter. However, international memberships increased by 4.5 million, 8% more than the increase in the second quarter of last year.

Netflix's business figure for the quarter was $ 3.8 billion, up 42.8% year-over-year. The international streaming business figure rose from $ 1.2 billion a year ago to $ 1.9 billion and the US streaming business figure has gone from $ 1.5 billion to 1, $ 9 billion in 2005.

Netflix lost more than 10% In its letter to shareholders, Netflix highlighted its participation in Emmy nominations last week, when the streamer recorded the most clappers. eye among all US outlets, putting an end to the 17-year HBO race at the top of the rankings. Netflix has also highlighted its original non-English productions, describing the new Danish original series The Rain as "one of our largest non-English original productions, with worldwide views. . " Lust Stories "was a major success because our largest documentary was viewed in percentage terms on any market during its first month," added the company.

The broadcast giant also said: original feature films. As the traditional exhibition focuses more and more on superheroes and suites, our on-demand service allows us to serve a wide variety of tastes. "

Netflix said romantic comedies like Set It Up and " were watched and loved by tens of millions of Netflix members and the young stars of these movies saw their numbers of social media go from a few thousand to millions in the weeks that followed their release. "

[ad_2]
Source link