As a long-time gamer and follower of tech industry trends, I’ve seen Netflix’s (NFLX) impressive growth in subscribers over the years. Their latest Q2 2024 earnings report, which showed a total of 277.65 million subscribers, was no exception. Beating analyst expectations with an additional 3.16 million new subscribers is nothing short of impressive.
I was thrilled to learn about Netflix’s (NFLX) second quarter 2024 earnings report unveiled last Thursday. The report showcased an impressive expansion in their subscriber base.
As a gamer and avid Netflix user, I’m always excited to learn about the latest subscriber numbers for my favorite streaming platform. In Q2 2024, I was thrilled to discover that Netflix reported an impressive total of 277.65 million subscribers – way above the analysts’ expectation of only 274.4 million! It’s no secret that Netflix consistently demonstrates growth in its subscriber base, making it a common theme in their earnings reports. However, as someone who enjoys watching the latest shows and movies on this platform, I can’t help but notice that the rate of growth is starting to slow down from quarter to quarter.
Here are subscriber numbers dating back to Q2 2023:
- Q2 2023: 238.39 million
- Q3 2023: 247.15 million
- Q4 2023: 260.28 million
- Q1 2024: 277.65 million
An increase of 34% was recorded by Netflix in the number of users opting for ads-supported memberships compared to the last quarter. This suggests that many consumers are prepared to watch advertisements in order to reduce their subscription costs.
For those interested in staying updated on financial reports from other businesses in the gaming and tech industry, keep an eye on Shacknews under our “earnings” category.
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2024-07-18 23:57