“Netflix”, which now has 232.5 million subscribers, is beginning to convince markets that offering more versatile and user-friendly subscription plans is paying off in the long run.
The streaming video giant posted financial results that did not carry major surprises, with revenue rising slightly year-on-year to $8.16 billion. Although the platform achieved a net profit of about $ 1.3 billion during the first quarter of this year, it is 18 percent lower on an annual basis. Netflix ended last year with $7.8 billion in revenue but posted a net profit of just about $55 million, well below the $257 million expected.
Source (Al-Arab Newspaper, London, Edited)
