Netflix Inc. reported remarkable quarterly results with a 16% revenue increase to $11.5 billion and per-share earnings rising from $4.88 to $7.19. The company expects higher guidance for the upcoming quarter, attributing its success to shows that garnered over 100 million hours of views. As of now, Netflix is estimated to have approximately 325 million paid subscribers, leading over Amazon Prime Video. Competitors in the streaming market include Disney+ and HBO Max. Apple TV+, while struggling financially, focuses on content to maintain loyalty among its device users.
Netflix's revenue surged by 16% to $11.5 billion, with per-share earnings rising from $4.88 to $7.19, as the company reports strong advertising growth.
Netflix is estimated to have nearly 325 million paid subscribers, significantly surpassing Amazon Prime Video's approximately 225 million, highlighting its market dominance.
Competitors in the streaming landscape include Disney+ with 126 million subscribers and HBO Max with around 120 million, showcasing a competitive tier structure.
Apple TV+, which lost $1 billion last year, invests heavily in content without a clear intent to monetize, instead focusing on retaining loyalty among its hardware users.
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