Netflix price cuts growth rate

Netflix price cuts growth rate

Tech July 17, 2017 22:24

- Much better than expected Netflix subscriber TV service growth rates, the share of streaming service Monday after-hours increases 8%.

The market was surprised by the crucial revenue from streaming ads. Which increased by $ 4.4 million, down from $ 3.99 million.

For next quarters Netflix is ​​'optimistic', but it remains moderate after the echec of previous high estimates of growth to subscribers, according to the topman in a statement.

Sales also exceeded the consensus that marketers had previously submitted. Netflix carries out a hard competition with Amazon, which supplies streaming TV with fewer, but has fewer own new shows. The market expects Apple to enter the market.\n  \n   \n    \n    \n   \n   \n   \n      \n   \n     Photo: NETFLIX

Despite continued strong investments in new series and films, Netflix is ​​showing a strong increase in profits. International customers outside the US now account for half of sales.

Netflix received 1.1 million new customers in the United States, almost twice as much as analysts expected. The number of connections outside the home market increased by 4.1 million, with marketers spending on average 2,6 million new foreign subscribers.

With this, Netflix has for the first time more customers outside of the US than inside.

Sales rose almost a third to $ 2.8 billion. Net profit fell by $ 66 million more than 60% higher than a year earlier.

For the third quarter Netflix estimates an increase of 4.4 million customers.

The turnover is expected to increase to almost $ 3 billion.

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