Netflix cites pandemic “choppiness” in mixed Q2; touts move into gaming

Netflix cites pandemic “choppiness” in mixed Q2; touts move into gaming
Membership growth slows in increasingly competitive streaming landscape.

One year on from Netflix’s 26m global subscriber surge fuelled by the early days of the pandemic, the streamer’s membership levels climbed a far more modest 1.54m in the second quarter.

In a mixed earnings report in which executives cited “choppiness” due to the ongoing impact of Covid, membership and revenue marginally beat analysts’ forecasts while earnings per share disappointed.

Eager to accentuate the positive, executives talked about a move into gaming, which will initially focus mostly on games for mobile devices and is seen as an opportunity to acquire titles,
See full article at ScreenDaily »

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