Annual profits

Netflix Doubles Half-Year Profits By Earning $ 3.060 Million

San Francisco (USA), Jul 20 (EFE) .- The streaming entertainment content platform Netflix on Tuesday announced profits between January and June of $ 3,060 million, more than double the 1,429 million obtained at the same time last year.

In the first six months of its fiscal year, the Los Gatos (California, United States) -based firm earned $ 14.505 million, compared to $ 11.916 million recorded in June of last year, and its shareholders pocketed 6 $ 90 per title compared to $ 3.25 a year ago.

Regarding the number of subscribers, Netflix currently has 209 million paying customers worldwide, 8.4% more than a year ago.

The company said it plans to reach an additional 3.5 million subscribers by October, bringing the total to 212.5 million.

The regions of the world with the largest number of customers and in which the entertainment company is growing the most are the United States and Canada (74 million subscribers and an annual growth of 10%) and the region formed by Europe, the Middle East and Africa (68.7 million and growth of 11%).

In the Latin American market, the firm is stagnating with 38.7 million customers and an anecdotal growth of 1% over one year, while in the Asia-Pacific region, it has only 27.9 million subscribers but knows growth of 9%.

Last year, coinciding with the outbreak of the covid-19 pandemic, Netflix experienced the strongest subscription growth in its history.

However, the company hasn’t won any successful titles for months and lost the top spot in Emmy nominations to HBO and Disney +.

The accounts presented by Netflix have left investors indifferent on Wall Street, and the company’s shares have remained virtually stagnant, pegged at $ 531.49 per share in electronic operations after the closure of New York City parks.

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