Netflix Subscribers Increase in Second Quarter of 2024
American video streaming and production company Netflix announced that the number of its subscribers in the second quarter of 2024 increased by 16.5 percent to 278 million.
In the second quarter of 2024, Netflix reported a quarterly revenue of $9.56 billion and a profit of $2.15 billion or $4.88 per share, according to CNBC. This exceeded Wall Street’s expectations, which expected Netflix’s revenue to be $9.53 billion and earnings per share of $4.74.
According to sources, the company’s growth is attributed to its popular original content and expansion into new markets worldwide.
Netflix reports increase in revenue for second quarter of 2024
Netflix reported a 17% increase in revenue for the second quarter of 2024 compared to the previous year, mainly due to the rise in revenue from paid memberships. The company attributed this growth to the streaming of their most popular content this year – the mini-series “Baby Reindeer” and the third season of the series “Bridgerton”.
Positive outlook for 2024
Building on the success of the second quarter results, Netflix has also increased its outlook for 2024 and now believes that its revenue will grow by 14 to 15 percent annually this year, compared to previous expectations.
Company’s Revenue Growth
The company’s revenue increased by 13 to 14 percent in the last quarter. Despite this positive trend, the company has announced that it will no longer provide quarterly subscriber numbers starting from 2025, as it wants to focus on revenue figures and operational margin.
Bankruptcy Proceedings for “Varteks” Opened
The first hearing for the bankruptcy of “Varteks” is scheduled for October 8th. The outstanding debts amount to over 16 million euros. This marks a challenging time for the company as it navigates through financial difficulties.
Serbia gives lithium to Germany, Vucic: We don’t have sea and gas, this will bring 6 billion euros
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TE-TO power plant shut down due to bad weather
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Got Decent Money, But the Question Is Why Sell – “Nastel” Reduces Stake in “Replek” to 9.1%
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The Issue of Selling Stocks: “Nastel” Reduces Stake in “Replek” to 9.1%
Small shareholders have been selling their stocks, while the Swiss company “Duferco” is buying in, strengthening its position in “Maxsteel.”
“By 2028, We Citizens Need to Repay 1.8 Billion Euros in Interest”: Left Party on the Country’s Financial Situation
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Major Shareholders Selling, Swiss Company “Dufourco” Buying – Foreign Owner Strengthening Position in “Maxtile”
It is incredible that the Employment Agency has 42 million euros left unspent. This raises questions about their financial management and allocation of resources.
Bozhinovska at the Summit of Heads of State and Government of the European Political Community
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Payment of Salaries for Employees of MZ Transport, MZ Infrastructure, and “Post” Confirmed by Nikoloski
Nikolaoski announced that the salaries for employees of MZ Transport, MZ Infrastructure, and “Post” have been successfully paid.
This news comes as a relief to many employees who were worried about delays in their payments. It is a positive development that shows the commitment of the company to its workers.
Nikolaoski praised the hard work and dedication of the employees and reassured them that their efforts are valued and appreciated. He also emphasized the importance of timely payment of salaries to ensure the well-being and satisfaction of the employees.
