American video streaming service Netflix gained significantly more subscribers in the last quarter. 8.8 million people subscribed; For the first time in years, the number of customers increased so rapidly in one quarter.
Netflix says the growth is due in part to its new policy that makes it harder for consumers to share accounts. As a result, more people now have their own subscription to the video platform.
It appears that the number of new customers will continue to rise above 20 million this year; There was a significant increase compared to the previous year, when approximately 9 million people subscribed.
Due to the increasing number of customers, Netflix is also making a lot of additional money. In the last quarter, sales increased by approximately 8 percent compared to the same period last year, reaching $8.5 billion. The company is expected to generate approximately $8.7 billion in revenue in the fourth quarter.
Netflix has significantly increased subscription prices in many countries. For example, subscribers in the US will now have to pay $23 per month for the most expensive subscription, an increase of $3 per month. Prices also increased in France and England. Netflix has not yet announced any price increases for other countries.
Source: NOS
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
