EPISODE 32 - How the recession will affect content creators lessons from Netflix and HBO
Conversations With Uncle Kevin
English - August 10, 2022 18:30 - 35 minutes - 32.2 MBSociety & Culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
EPISODE 32 - How the recession will affect content creators lessons from Netflix and HBO Bad news was actually good news for NetflixNFLX -1.4% on Tuesday. In the company’s much-anticipated second quarter earnings call, coming three months after the streamer lost subscribers for the first time in a decade, it announced that it had lost an additional 970,000 subscribers. That’s not good, certainly, but it could have been worse—in fact, Netflix thought it would be worse. It had projected a loss of 2 million subscribers in Q2, which is why its stock price rose more than 6% in after-hours trading on the news. What’s more, Netflix predicted it would return to black among subscribers in the third quarter, projecting it will add 1 million. Last year during the same period, it added 4.4 million, so while the recovery is significant, the company is still nowhere near returning to its peak boom period.
Follow Kevin on social media: I
nstagram: https://www.instagram.com/unclekevinofficial/
Twitter: https://twitter.com/unclekevinkta
Subscribe for Weekly episodes on CWUK.
Join Tube Buddy: https://www.tubebuddy.com/KTA