As a dedicated gamer with years of experience in the world of streaming entertainment, I can’t help but be impressed by Netflix‘s latest Q2 2024 earnings report. With an astounding addition of 8 million new subscribers during the quarter, Netflix continues to dominate the streaming landscape.
During Q2 2024, Netflix reported an increase of 8 million new subscribers based on their earnings data.
Based on THR’s report, Netflix currently boasts a customer base of over 277 million users worldwide, helping it maintain its edge against rivals. The company exceeded predictions by generating $9.56 billion in revenue and $2.6 billion in operating income during the period. Anticipated revenue growth for the upcoming quarter is projected to be around 14%.
As a devoted Netflix fan, I’m thrilled to share some exciting insights from a recent Nielsen Gauge report. According to the data, both Netflix and YouTube amassed more viewing minutes than all of their competitors, including Prime Video, Hulu, and Disney+, combined! Netflix expressed their perspective by stating, “The competition faces a significant hurdle as they pour substantial resources into producing high-quality content. However, the viewing hours on their streaming platforms remain limited, while linear TV continues to wane.” The company further emphasized that their greatest potential lies in capturing a larger portion of the 80%-plus of TV consumption time that neither Netflix nor YouTube currently dominate.
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2024-07-20 12:25