Netflix disappoints but manages to reach 130 million subscribers



[ad_1]

Netflix announced on Monday, as part of its second quarter financial results, that it already had 130 million subscribers.

However, the figure was 1 million less than the 6.2 million expected by the company that he was going to achieve. Wall Street sanctioned Netflix by reducing its market value by 14% on Nasdaq shares after publishing its financial figures, according to Yahoo Finance.

"We had a strong but not stellar second quarter," says the letter that the company shared with its investors today.

What helped the quarter not to be a disaster was the 4.5 million new international subscribers that he added and who continue to drive the company. In the United States it added only 670,000 new users. Netflix is ​​waiting for its agreement with Telefonica, to include its service in telecommunications companies of the telecommunications company in Spain and Latin America, to further increase its subscribers in this region.

In addition, the Los Gatos, California, company derived revenue from its streaming service of US $ 3,814 million, an increase of 43% over the same period in Previous year.

Netflix once again hailed its international content to help it continue to grow. Underlined the Spanish series Papel's casa which was renewed for a third season and whose director hired exclusively, and the premiere of the second season of the Brazilian science-fiction series, 3 % . The service will also launch in 2019 an original series called Gate 7 on the fans of an Argentine football club.

Netflix also highlighted the 112 Emmys nominations that were successful, surpassing the number that his HBO rival won overall.

[ad_2]
Source link