• Login
USAPeriodical.com
No Result
View All Result
  • Home
  • News
    • US News
    • World
  • Entertainment
    • Movies
    • TV Series
    • Gaming
  • Technology
    • Science
    • Nature
  • People
    • Celebrities
    • Influencers
    • Actors / Actresses
    • Models
  • Business
  • Viral
    • Ideas
  • Lifestyle
    • Relationships
    • Well Being
    • Travel
    • Food
    • Home & Decor
  • Sports
  • Home
  • News
    • US News
    • World
  • Entertainment
    • Movies
    • TV Series
    • Gaming
  • Technology
    • Science
    • Nature
  • People
    • Celebrities
    • Influencers
    • Actors / Actresses
    • Models
  • Business
  • Viral
    • Ideas
  • Lifestyle
    • Relationships
    • Well Being
    • Travel
    • Food
    • Home & Decor
  • Sports
No Result
View All Result
USAPeriodical.com
No Result
View All Result
Home Business

After two consecutive quarters of decrease, Netflix reports an increase in subscriber growth of 2.4 million

Netflix also disclosed specifics regarding its strategy to combat the practice of sharing passwords

Parry Sawyer by Parry Sawyer
October 21, 2022
in Business
0
Netflix

Stock Catalog

32
VIEWS
Share on FacebookShare on Twitter

Recently, as shared by Netflix’s management team, this streaming giant has added a whopping 2.4 million new subscribers in the recent months. This growth was seen in the 3rd quarter of this year, making the total subscribers to about 223 million.

ADVERTISEMENT

According to the information provided by the corporation, the major contribution to this growth came from the Asia Pacific area, contributing more than half of the new subscribers of this quarter.

The corporation said its total subscriber count had decreased by 200,000 during the preceding three months. So the new additions came as a much welcoming surprise to Netflix. 

Additionally, the streaming service reported total revenue of $7.93 billion in its 3rd quarter, as shared in the report which was made available to the general public on Tuesday, October 18.

It represents an increase of 5.9% as compared to the previous year. After a period in which the company brought in $7.97 billion in sales, the subsequent quarter brought in a sum that was somewhat less than the total revenue brought in during the previous quarter.

ADVERTISEMENT

Netflix’s profits have been on a steady rise this past year. The streaming giant made $1.4 billion in profits during the third quarter of 2022, compared to just under that amount, $1.44 billion in the last quarter. This is promising for investors who may be waiting until after Christmas before seeing their investments pay off again!

The corporation anticipates getting on board an additional 4.5 million customers during the year’s fourth and final quarter.

Netflix also announced a week ago that it would begin rolling out an ad-supported plan on November 3 in the United States of America and 11 other countries. The name of this plan is Basic with Ads. It will cost customers in the United States $6.99 per month to participate in the program, which requires them to view an average of five minutes of advertisements hourly.

According to a statement made in a letter to shareholders by Netflix, “Their goal is not to switch members of their current plans but rather to provide prospective new members more choice.”

ADVERTISEMENT

“Members who don’t want to alter will stay on their current plan, so they can keep using the service without having to deal with ads for the same price.”

In addition, Netflix also announced that it will be implementing “account sharing” in 2023. This means you can move your profile over to someone else’s account, set up sub- accounts (called extra members) for family or friends who want access as well and pay monthly fee instead of annual one!

Netflix has said that it thinks the “profile transfer option” will be trendy in places where the Basic with Ads plan is available.

Previous Post

A father from Brooklyn was murdered on the New York City subway after he defended a police officer from a stabbing

Next Post

Top 15 Movies Like Inception Based on Science & Imagination

Related Posts

The Rise of Binghatti’s Innovative Architecture: Redefining Design in the UAE
Business

The Rise of Binghatti’s Innovative Architecture: Redefining Design in the UAE

June 6, 2023
Achieving Excellence: How Digital Badges Are Reshaping Education and Training in the USA
Business

Achieving Excellence: How Digital Badges Are Reshaping Education and Training in the USA

May 26, 2023
Fortress Tax Relief Review: Can They Be Trusted to Solve Your Tax Issues?
Business

Fortress Tax Relief Review: Can They Be Trusted to Solve Your Tax Issues?

February 21, 2023
Best-paying jobs in real estate investment trusts.
Business

12 Best-Paying Jobs in Real Estate Investment Trusts And Their Benefits

February 20, 2023
Foxconn is Planning to Enter the EV Sector very Soon
Business

Foxconn is Planning to Enter the EV Sector very Soon

December 18, 2022
Trump Organization Faced Wrath of Manhattan Jury, Found Guilty
Business

Trump Organization Faced Wrath of Manhattan Jury, Found Guilty

December 7, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Brittany McGraw ex-husband Steve

Brittany McGraw – Model and Ex-Wife of Stunt performer & Comedian

December 16, 2022
Bobby Rydell's net worth

Bobby Rydell’s Net Worth Value Hints his Successful Music Career

November 5, 2022
Lucy Robson in her Instagram post

Lucy Robson: Biography, Family, Career & Net Worth

November 7, 2022
Featured

Max Aaron Gottfried: Bio, Father, Career, Net Worth & More

October 10, 2022
Alexandra Hollywood enjoying food and drinks

Alexandra Hollywood – Age, Husband, Birthday, Instagram, Wiki

September 6, 2022
ADVERTISEMENT

USA Periodical is a Modern News platform focusing beyond your typical news stories. We bring to you unconventional content, that you won't find on leading American dailies.

© USAPeriodical.com - 2022

  • Download App
  • Contact us
  • Privacy Policy
  • About Us
  • Join Us
Anti-aialliance Protection Status
DMCA.com Protection Status
No Result
View All Result
  • Home
  • News
    • US News
    • World
  • Entertainment
    • Movies
    • TV Series
    • Gaming
  • Technology
    • Science
    • Nature
  • People
    • Celebrities
    • Influencers
    • Actors / Actresses
    • Models
  • Business
  • Viral
    • Ideas
  • Lifestyle
    • Relationships
    • Well Being
    • Travel
    • Food
    • Home & Decor
  • Sports
  • Login

© USAPeriodical.com - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.