Netflix 3rd Quarter 2024

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Bruce

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They added a tad over 5 Million new subscribers, now at 282.7 million globally.

Here in the United States, 84 Million Subscribers, that is about 34 Million more then Cable and Satellite subscribers combined.

Netflix revenue reached $9.8 billion in for the three-month period ending September 30, up 15% year over year. Its Q3 operating margin of about 30% improved versus 22% in the same period last year.

Netflix Net Income (Profit) in the 3rd Quarter was $2.36 Billion .

Why is Netflix still attracting new subscribers, while Cable and Satellite are losing 8 Million subscribers a year-

Content and a lot of it, constantly adding new content that people wish to view.

They keep their content locked behind their service, if you want to watch Night Agent, Stranger Things, Lincoln Lawyer, etc, you have to have Netflix.

(that is the biggest mistake Paid Live TV and streaming services make, selling the content to other services, Netflix has proven that is not a good idea).

A great price for all that content, considering you get less and less new content on Paid Live TV for that, average, over $100 a month bill, Netflix is a bargain at, roughly $15-23 a month.

 
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