Netflix Reports An Increase In The Number Of Subscribers In The Third quarter

Netflix just gave a company report in the third quarter. In this range, the streaming service managed to record an increase in the number of...

Netflix just gave a company report in the third quarter. In this range, the streaming service managed to record an increase in the number of subscribers of 6.77 million.


Netflix has just announced the number of subscribers at the end of this third quarter. Netflix said there was an increase in the number of subscribers of 6.77 million. This number actually has not met the target set by Netflix before, which is 7 million subscribers. Even so, this number managed to record a record for this quarter. Toal, the number of Netflix subscribers is now estimated at 158 million.

Netflix also reports lower retention rates in the United States. This happens because of the increase in subscription prices imposed in the country. Regarding the price increase, Netflix revealed that the price increase was used as an investment to improve services to further strengthen the company's proposition.

"With more profits, we will continue to invest to improve our services in order to strengthen our company's position," Netflix said, as reported by Engadget (17/10).

Meanwhile, the Stranger Things series lined up to be the most watched series to date. The number of viewers reaches 64 million families. That was only the first month. The number then grew to original series that did not speak English.

The competition for streaming media is even more apparent when several similar services are launched. Disney and Apple began to catch up with their own services. Both of them even come with a cheaper price than that offered by Netflix.

Even so, Disney + and Apple TV + are said to be far from Netflix achievements at this time. It is possible that both of them also have to raise prices to be able to benefit like Netflix did.

Source: Google,tek.id

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Latest Gadget, Games & Technology News: Netflix Reports An Increase In The Number Of Subscribers In The Third quarter
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