Mike Black / Reuters
The American streaming platform achieved a turnover of $8.8 billion during the holidays.
A surprise. American streaming giant Netflix gained more than 13 million additional subscribers during the fourth quarter, much more than expected, bringing the total to 260.28 million. The streaming platform achieved $8.8 billion in revenue during the holiday season (+12.5% year-over-year), a result that exceeded analysts’ estimates.
And it has big ambitions for the current quarter, betting on growth of 13%, or more than $9 billion in revenue and nearly $2 billion in net profit. Its stock rose more than 7% during electronic trading after the New York Stock Exchange closed. “We think there is plenty of room for growth with the expansion of streaming», the two bosses, Ted Sarandos and Greg Peters, are quoted in the press release.
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“If we continue to improve Netflix faster than the competition, we will have a company that is always more valuable – to consumers, creators and shareholders.” They also congratulated themselves on launching a cheap subscription formula with advertising, which “to generate”Long term profit” For the October to December period, the California group’s net profit was $938 million instead of $990 million, slightly below expectations, but up from $55 million for the same period a year earlier.
