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.
Read More
- PYTH PREDICTION. PYTH cryptocurrency
- As Lindsay Lohan And Lacey Chabert Headline Christmas Movies, These Comments Have Me Convinced A Mean Girls Holiday Movie Reunion Needs To Be Next
- Niels Arestrup Dies at 75, Iconic Actor Was a Force of Cinema
- 15 Charged for converting Drug Cartels’ Cash into Cryptocurrency in U.S.
- EXCLUSIVE: Alia Bhatt in talks with Dinesh Vijan for a supernatural horror thriller; Tentatively titled Chamunda
- Taylor Swift Calls Eras Tour “Most Challenging Thing I’ve Ever Done” at Final Show
- Ben Affleck And Matt Damon Are Back To Work Together, And An Insider Weighed In On Their Longtime Connection
- ‘I Pitched Stargate’s Take On Black Panther’: Christopher Judge Opens Up About His Teal’c Spinoff And Why It Hasn’t Happened
- Suriname presidential candidate eyes on Bitcoin as currency
- ‘Brides’ Finds a Distributor in Neon for Latest New Vampire Horror Movie
2024-07-20 12:25