The company for the production and distribution of audiovisual content in “streaming” Netflix registered profits of 1,305 million dollars in the first quarter of 2023, which represents a decrease of 18.2% compared to the same period of the previous year, while the number of subscribers has increased by 1.75 million compared to the last quarter from 2022, up to a total of 232.5 million subscribers worldwide.
These results have been disclosed to investors and take into account the first impact on the platform after extending its plan to restrict shared accounts to more countries, in addition to betting on new subscription models including advertising, but at more affordable prices. for viewers.
The income obtained by Netflix in the first quarter they were 8,162 million dollars, 3.6 percent less than in the same period of the previous year.
Regarding the increase in subscribers, in the United States and Canada the platform reached 74.40 million subscribers; while in Europe, the Middle East and Africa there were 77.37 million.
In Latin American countries, the company added up to 41.25 million subscribers, while in Asia-Pacific it achieved 39.48 million users, according to data released by the platform.
Netflix has insisted that they put their efforts into achieving accuracy in their forecasts, although they acknowledge that the launch of major new initiatives – the payment division and ads – leads to lower than normal viewability.
“We are on track to meet our financial targets for the full year of 2023. For the second quarter of 2023, we forecast revenue of $8.2 billion, up 3% year-over-year,” so they are pleased with the results.
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