after a few bad figures for Netflix during the past yearthe video streaming giant has presented numbers with a smile in the face. This is due to has added 7.6 million new subscribers in the last quarterreaching a total of 230.75 million of users on the platform. This increase represents a 4% YoY growthsince in the same period in 2021 it had 221.84 million.
This is good news for Netflix, even has exceeded your expectations in terms of growth and profits. According to the company, great successes such as Wednesday or Harry & Meghan have had to do with this increase in users. It also adds the introduction of a new cheaper planwith which you can access almost the entire Netflix catalog with reduced quality and that insert advertising during viewing. Netflix expects to increase its margin by 2023.
Netflix has also stressed that the end of the option for many users will soon come, up to 100 million has determined the company, which share password. will be added soon a new option for other users to join that do not live for one small extra monthly fee. The company has stressed that this is an illegal practice and that influences the capacity of Netflix to keep moving forward and create more quality content. Soon we will be able add profiles to the main account with an additional payment and thus share the content legal.
He has also taken the opportunity to announce that Ted Sarandos and Greg Peters are now the new co-CEOs and Reed Hastings as CEO.
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Juan Antonio Soto
I am a Computer Engineer and my specialty is automation and robotics. My passion for hardware began at the age of 14 when I gutted my first computer: a 386 DX 40 with 4MB of RAM and a 210MB hard drive. I continue to give free rein to my passion in the technical articles that I write at Geeknetic. I spend most of my free time playing video games, contemporary and retro, on the 20+ consoles I own, in addition to the PC.