LOS ANGELES : Netflix blew past Wall Street expectations for the second straight quarter on Thursday as ad-supported streaming plans helped bring in 9.3 million new customers, nearly double the consensus forecast of analysts.Earnings per share for January through March came in at $5.28, compared with $2.
FILE PHOTO: Signage at the Netflix booth is seen on the convention floor at Comic-Con International in San Diego, California, U.S., July 21, 2022. REUTERS/Bing Guan/File PhotoLOS ANGELES : Netflix blew past Wall Street expectations for the second straight quarter on Thursday as ad-supported streaming plans helped bring in 9.3 million new customers, nearly double the consensus forecast of analysts.Netflix revenue rose 14.8 per cent to nearly $9.
Netflix began offering ad-supported plans, which cost less than half of the options without commercials, in November 2022. In 2023, it started a crackdown on sharing of passwords,The company said the version of its service with ads now accounts for 40 per cent of all sign-ups in markets where it offers the plan.
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