2023-10-20 14:18:07
The Netflix Cup is organized alongside the Las Vegas F1 Grand Prix on Tuesday, November 14. Netflix
Instead of buying championships at a high price, the streaming giant is developing its own events.
A victory for Netflix. When it comes to racing for subscribers, the subscription video-on-demand giant has already proven in the past that it has resources. After a bout of fatigue last year, he was able to put fuel back into his engine by fighting against the sharing of accounts, despite the unpopularity of the measure. In the third quarter, the platform recruited nearly 9 million new subscribers. Unheard of in three years. At the end of September, Netflix had a total of 247 million paying subscribers, a figure up 11% year-on-year. With $8.5 billion in revenue (+8%) and net profit up 20%, to $1.6 billion, the streaming service has made a real financial “strike”. While its competitors, like Disney, are accumulating losses in streaming, Netflix, on the other hand, is showing outrageous profitability. And he plans to continue this momentum in the fourth quarter.
This victory for Netflix was doubled…
This article is reserved for subscribers. You have 83% left to discover.
Flash Sale €1.99/month for 6 months
Offer available until October 23. Without engagement.
Already subscribed? Log in
#Netflix #creates #sports #competition