Netflix won’t ‘shy away from taking bold swings’ as streaming competition heats up

Netflix See What’s Next: Asia - Day 2

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It turns out Stranger Things isn’t just a popular show, but a key player in Netflix’s growth.

Netflix bounced back from a disastrous second quarter, adding 6.8 million subscribers and bringing in $5.2 billion in revenue over the past three months, up from 6 million subscribers and $4 billion the same time last year. The company now has more than 158 million subscribers worldwide. The numbers suggest that Netflix is seeing a rebound in subscriber growth, even if it’s not as much as Netflix may have hoped.

Following today’s earnings, Netflix’s stock jumped back up, showing a sign of confidence from Wall Street. Netflix’s stock had dropped around 23 percent since its second quarter earnings in July, which marked the first time the company…

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via The Verge – All Posts

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