Netflix ad-supported tier has 70 million monthly users two years after launch
Publishing timestamp: 2024-11-12 10:40:20
Summary
Netflix's ad-supported tier has reached 70 million global monthly users, with more than 50% of new sign-ups opting for ad-supported plans. The company has seen positive momentum and growth across all areas of business, including subscriber growth. Netflix will no longer update investors on subscriber numbers, focusing on revenue and other financial metrics. The company has sold out of ad inventory for two live Christmas Day NFL games and is focusing on ad-supported strategies for streaming options. Additionally, Piper Sandler predicts mainstream crypto adoption under Trump administration and recommends buying certain stocks.
Sentiment: MIXED
Keywords: media, netflix inc, entertainment, microsoft corp, breaking news: business, advertising, business, business news,
Source: https://www.cnbc.com/2024/11/12/netflix-ad-supported-tier-70-million-monthly-users.html