Netflix sales and profits increased, but membership growth slowed October 21st, 7:18
Netflix, a major US video distribution company, announced its financial results for the three months up to last month, and sales and profits increased as many people were spending time at home due to the spread of the new coronavirus infection.
On the 20th, Netflix announced its financial results from July to September.
According to it, sales were 6,436 million dollars, more than 670 billion yen in Japanese yen, an increase of 22% compared to the same period of the previous year.
The final profit was 790 million dollars, which was about 83 billion yen in Japanese yen, an increase of 18%.
The number of members worldwide increased by more than 2 million to 195 million.
Membership growth was lower than initially expected, as the company explained that the increase in the first half was rapid as restrictions on going out due to the spread of the new coronavirus spread worldwide.
For the three months from this month to December, the company expects the number of members to increase by more than 6 million, and for the first time it will exceed 200 million.
Although the outlook for the future economy is uncertain due to the spread of the infection, the company expects it to recover next year in 2021.
In the United States, the financial results of IT companies will continue to be announced toward the end of this month, and the focus will be on what kind of economic outlook will be shown along with the details of the business results.