tl;dr
Netflix (NASDAQ:NFLX) revealed that its monthly active users on the advertising-supported plan have reached 40M subscribers. The announcement was made during the company's upfront presentation in New York by advertising executive Amy Reinhard. Following the news, Netflix's shares rose by 1%, reversi...
Netflix (NASDAQ:NFLX) revealed that its monthly active users on the advertising-supported plan have reached 40M subscribers. The announcement was made during the company's upfront presentation in New York by advertising executive Amy Reinhard. Following the news, Netflix's shares rose by 1%, reversing earlier losses. Additionally, the company confirmed the approval of a sequel to Adam Sandler's movie, Happy Gilmore. In the first quarter, Netflix gained 9.33M paid subscribers, bringing its global total to almost 270M. The streaming service introduced its $6.99 per month advertising-supported subscription plan in November 2022 and plans to phase out this option starting in the second quarter of this year. Furthermore, Netflix announced its decision to broadcast two National Football League games on Christmas Day, marking an expansion into live broadcasting. The deal with the NFL is set to run for three seasons.
More about Netflix Inc
Netflix, Inc. (NASDAQ: NFLX)
Sector: Services-Video Tape Rental
Market Cap: $265.69 billion
Current Price: $42.56
52-Week Range: $14.42 - $79.7
EPS: 0.184
Volume: 34,932,320
Average Volume: 645.3
Dividend Yield: 0.833
Beta: 0.148
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.