The streaming work reported Tuesday that it present has 213 cardinal subscribers globally, aft adding 4.4 cardinal subscribers successful the 3rd 4th of 2021, a fig that bushed its ain expectations. In much bully quality for the company, it besides reported a coagulated forecast of 222 cardinal subscribers for the adjacent quarter. (Noh Juhan/Netflix)
Netflix present has 213.5 cardinal subscribers globally, having added 4.4 cardinal subscribers successful the 3rd 4th of 2021, the institution reported connected Tuesday.
That fig bushed the streaming service’s ain expectations arsenic good arsenic those of analysts. The institution besides forecast that it would person 222 cardinal subscribers for the adjacent quarter.
The results instantly sent the company’s banal up by arsenic overmuch arsenic 2% successful aft hours trading earlier going antagonistic astir arsenic overmuch arsenic the nighttime went on.
Netflix’s 3rd 4th nett was $1.4 billion, up from $790 cardinal successful the year-earlier quarter. Revenue jumped 16%, to $7.4 billion.
This isn’t a blowaway 4th for the company, which has had overmuch bigger subscriber maturation successful the past. But aft two consecutive sluggish quarters, the 3rd 4th showed that Netflix appears to beryllium somewhat backmost connected the close track.
The study comes arsenic Netflix is dealing with contention implicit a Dave Chappelle drama peculiar as good arsenic watching the increasing popularity of “Squid Game” — a fictional play from South Korea that has taken the streaming satellite by tempest since its September 17 debut.
“Netflix is simply a global, direct-to-consumer work which enables creators to scope broader audiences — and gives our members an adjacent greater prime of stories to enjoy,” the institution said successful its missive to investors connected Tuesday. “There is nary amended illustration of this than ‘Squid Game.'”
The institution announced earlier this period that the dystopian series, successful which contestants desperately successful request of wealth play deadly children’s games to triumph currency prizes, was it’s “biggest-ever bid astatine launch.”
The institution said Tuesday that 142 cardinal subordinate households person watched the amusement successful its archetypal 4 weeks.
Elsewhere successful the net report, Netflix reported that it added astir 70,000 subscribers successful the US and Canada — an betterment from the 2nd quarter’s loss, but lone up astir 1 cardinal subscribers from past year’s totals successful those countries. The institution inactive has astir 74 cardinal members successful the US and Canada, but the portion has go precise saturated, stagnating Netflix’s maturation there.
This is wherefore the institution has made its planetary enlargement a constituent of emphasis. Case successful point: the company’s biggest maturation successful the 3rd 4th was successful the Asian-Pacific region, which accounted for astir fractional of Netflix’s gains.
Away from its numbers and “Squid Game,” Netflix finds itself successful the middle of a media firestorm arsenic it continues to support Chappelle’s caller drama peculiar “The Closer.”
The peculiar has been criticized arsenic transphobic by immoderate LGBTQ+ advocates, artists and employees. It premiered earlier this month.
Netflix fired an worker for sharing “confidential, commercially delicate information” extracurricular of the institution astir the stand-up special. The unidentified worker was an organizer of an upcoming walkout by the company’s trans employees, according to a study by The Verge.
English (US) ·