Netflix reports Q2 revenue of $7.34B vs. $7.32B est., up 19% YoY, global paid net additions of 1.54M vs. 1.19M expected; US and Canada region lost 433K subs QoQ
- Netflix reported earnings that missed on the bottom line. — The company's revenue and global paid net subscriber additions beat estimates.
CNBC Jessica Bursztynsky
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Discussion
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@zhugeex
Daniel Ahmad
on x
Netflix says it is still in the early stages of this expansion into gaming and it will utilize and build on its past efforts such as interactive narrative game Bandersnatch and also the Stranger Things games. https://s22.q4cdn.com/... https://twitter.com/...
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@samro
Sam Ro
on x
the Netflix story in a chart https://s22.q4cdn.com/... https://twitter.com/...
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@lucas_shaw
Lucas Shaw
on x
A couple things to note: > Netflix lost 400,000 subscribers in the US and Canada, the first time it lost customers at home since 2019. > Asia accounted for about 2/3 of Netflix's subscriber growth in the quarter.
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@xpangler
Todd Spangler
on x
Netflix said games would be included as part of the monthly subscription price of its core service https://variety.com/...
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@xpangler
Todd Spangler
on x
Through the first half of the year, Netflix said it spent $8 billion in cash on content (up 41% year over year https://variety.com/...
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@jboorstin
Julia Boorstin
on x
Netflix makes it official: it is investing in game content, starting first with mobile games, which it'll offer to its subscribers for no additional fee. And the company says it's not interested in major M&A, at least not for now. https://ir.netflix.net/...
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@zsharf
Zack Sharf
on x
ROMA: THE VIDEO GAME https://twitter.com/...
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@xpangler
Todd Spangler
on x
Netflix identified Epic Games and TikTok as among its competitors in the Q2 earnings announcement https://variety.com/...
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@edmundlee
Edmund Lee
on x
.@Netflix will report earnings after the bell and it only expects 1 million new subs — a low bar it could easily beat. The bigger issue is that Netflix is starting to lose audience to rivals like @disneyplus and Amazon Prime. The cracks are showing. $nflx https://www.nytimes.com/…
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Vox
Peter Kafka
on x
Why Netflix is getting into games
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@starfire2258
Sean Hollister
on x
Toe, dipped. Here's Netflix's full statement confirming a small gaming push specifically for mobile. “We think the time is right to learn more about how our members value games.” https://www.theverge.com/...
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@labuzamovies
Peter Labuza
on x
Have to imagine Netflix's strategy of video games and especially the focus on mobile is “literally make something so addictive and destructive to one's brain that no one can ever unsubscribe.”
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@travclark2
Travis Clark
on x
#Netflix addresses its push into gaming in earnings report: “Games will be included in members' Netflix subscription at no additional cost similar to films and series. Initially, we'll be primarily focused on games for mobile devices.”
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@markgurman
Mark Gurman
on x
Prediction for 2022: Netflix's mobile games push ignites a war between Apple and its streaming rival. https://www.bloomberg.com/... https://twitter.com/...
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@zhugeex
Daniel Ahmad
on x
Netflix expanded on its foray into video games today: - Games will be included in the subscription - Initially focused on mobile devices - Netflix is competing for screen time across all entertainment, with key competitors such as TikTok (Video) and Epic Games (Fortnite). https:/…
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@jaypeters
Jay Peters
on x
Netflix is going to offer mobile games for free as part of a your Netflix subscription. My question is: how? https://www.theverge.com/...
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@nextgenplayer
Hunter
on x
Netflix confirms they'll start offering video games, starting with mobile games No mention of PlayStation games as per the data mining leak 👀🤔 https://www.theverge.com/...
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@pkafka
Peter Kafka
on x
Tldr: Netflix doesn't know anything about games but it wants to do an Apple Arcade - casual games with no ads, no in-game purchases - and add it into your app for free. It's experimenting but says games will be a “core part of our subscription offering.” https://twitter.com/...
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@sophnar0747
Sophia
on x
“Mobile focused” https://twitter.com/...
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@zhugeex
Daniel Ahmad
on x
One thing I will say is that Apple Arcade hasn't taken off for Apple just yet. Netflix's advantage is that it will be able to integrate IP across multiple media formats within one platform. Cautiously watching this. https://twitter.com/...