WALL – Netflix introduced its stability sheet for the July-September interval of this yr. Accordingly, the corporate’s income within the third quarter of the yr elevated by roughly 6 p.c in comparison with the identical interval of the earlier yr, reaching $ 7.93 billion. The agency’s income was recorded as $7.48 billion in the identical interval final yr.
The corporate’s internet revenue, however, decreased by about 4 p.c within the third quarter in comparison with the identical interval of the earlier yr, to $1.39 billion. Netflix’s internet revenue within the third quarter of final yr was $1.45 billion. The corporate’s earnings per share additionally fell from $3.19 to $3.10 in the identical interval.
Netflix’s subscribers elevated by 2.41 million within the third quarter of the yr. The variety of subscribers of Netflix, which skilled a lack of subscribers within the first two quarters of this yr, was anticipated to extend by 1.09 million individuals on this interval.
Netflix’s subscribers decreased by 200 thousand within the first quarter of 2022 and by 970 thousand within the second quarter. Thus, the corporate skilled two consecutive quarters of subscriber loss for the primary time.
ACCOUNT SHARING IS ENDING
In response to the assertion from Netflix, account or password sharing can be historical past from the start of 2023.
As a part of the steps to be taken by the corporate, account-sharing individuals can be charged a further price, albeit decrease than regular membership charges, to proceed watching the content material. It’s said that “sub-account” or “additional member” choices will now be activated for this.
It was said that whether or not the gadgets logged into the identical Netflix account are used from the identical house can be decided through the use of info such because the IP tackle of the gadgets, machine ID and account exercise.
Right here is Netflix’s description:
“We now have developed a properly thought-out strategy to monetizing account sharing and can begin rolling it out extra broadly from early 2023. We’ll present the power for account sharers to switch their Netflix profile to their very own account, and to extra simply handle their gadgets and create sub-accounts (“additional members”) for sharers in the event that they want to pay for his or her household or associates. We anticipate the profile switch choice to be notably common for account sharers in international locations the place we now have a decrease priced ad-supported plan.” (NEWS CENTER)
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