![]() Continuously churning out solid new content There is still more that can be done in terms of better-targeting cum measurement of the effects, but these early results are encouraging and are helping Netflix to garner more members through a lower price point. This bodes well with the company’s ability to generate additional revenue and profit. ![]() cannibalisation).īased on initial indications, the ad-supported plan has similar unit economics or even better compared to the company’s ad-free plans. It’s still early days according to management, but engagement has been better than expected and there has been limited switching from existing non-ad plans (i.e. Netflix launched its new ad-supported tier in November in 12 countries. ![]() The lower margin was attributed to foreign exchange headwinds as the US dollar strengthened against other currencies.įor FY2022, revenue grew 6.5% year on year to US$31.6 billion but operating and net profit tumbled 9.1% and 12.2% year on year, respectively, to US$5.6 billion and US$4.5 billion.ĭespite the slightly weaker results, Netflix saw its free cash flow jump to US$1.6 billion, reversing the negative free cash flow of US$132 million a year ago. Revenue inched up 1.9% year on year for 4Q2022 to US$7.85 billion but its operating margin shrank to 7% from 8.2% a year ago. On a quarter-on-quarter basis, the Californian company added a whopping 7.66 million subscribers, blowing past analysts’ expectations of 4.57 million additions. The company’s global paid memberships rose 4% year on year to hit a record high of 230.75 million. ![]() Netflix recently released its fiscal 2022’s fourth quarter (4Q2022) and full-year (FY2022) earnings. Could the worst be over for the streaming behemoth?Ĭan Netflix post steady and consistent growth once again? An impressive finale ![]()
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