Netflix added 5.9 million new subscribers in Q2 – way above analysts’ forecasts – after its decision to clamp down on password sharing seemed to pay off. The streaming platform now has 238 million subscribers globally. Netflix reported a profit of $1.8 billion (€1.6bn) over the quarter on revenues of $8.3 billion. The company has […]

Netflix has revealed that its ad-supported tier has hit 5 million active users per month since launching in 12 markets in November 2022. The figure was revealed by Jeremi Gorman, Netflix’s president of worldwide advertising, during a presentation to advertisers in an upfronts virtual event. Gorman confirmed that global monthly active users had reached the […]

Netflix has reported there was a near 1 million loss (970,000) of subscribers during its Q2, way down on the 2 million it had forecast earlier this year. The streamer’s other key metrics were encouraging and in after-hours trading saw Netflix rise 7 per cent in its share price. Many other Q2 numbers were impressive: • Revenue up […]

Netflix has confirmed it is establishing a new base in Canada. In a blog post, Ted Sandaros, Co-CEO and Chief Content Officer at Netflix, said: “We want to […] make a new home for Netflix in Canada – opening an office and hiring a dedicated content executive to work directly with the Canadian creative community.” […]