Despite the increase in competitors, Netflix collected more than 8 million new subscriptions in three months

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Despite the increase in competitors, Netflix collected more than 8 million new subscriptions in three months, today, Thursday, January 23, 2020 12:17 AM

The visual content platform market witnessed major competition from companies, as they were launched Disney Plus and Apple TV Plus, to compete network Netflix Months, but the other achieved a great achievement despite the large number of competitors, to announce Netflix Crop it 8.8 million subscriptions during the last fiscal quarter of last year .

The number of subscribers to its visual service increased to 167 million paid subscriptions at the level of the United States and the world, as the number of subscribers increased by 8.8 million during the past three months, a rate that exceeded the company’s expectations that were about 7.6 million subscriptions.

Netflix revenue

The Netflix network achieved revenues of $ 5.47 billion and earnings per share of $ 1.30. These financial results exceeded previous expectations with revenues of $ 5.45 billion and earnings per share of 53 cents.

These good results for the company and the satisfactory rate of increase in subscriptions come in light of the launch of a number of competitors for their own platforms of visual presentations, led by Disney Plus and Apple TV Plus.

These results came as a surprise to the company in terms of its expectation of the impact of raising the price of the contributions that it carried out during last January negatively on its growth, especially in the United States, Canada, but the number of subscribers to its services in both countries increased by 550 thousand subscriptions during the last quarter.

Also participated Netflix Some statistics about its programs and offers, to show that the series The Witcher was the most searched on Google search, ahead of The Morning Show for Apple’s visual service and Mandalorian for Disney Plus, and the number of his home views reached 76 million.



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