Netflix Inc is expected to report that it added some 2 million subscribers in the first quarter and investors will scrutinize whether recent price cuts and the launch of an ad-supported plan are tempting people to subscribe and stay on.The company, which lost 200,000 subscribers in the year-ago quarter, r
Netflix Inc is expected to report that it added some 2 million subscribers in the first quarter and investors will scrutinize whether recent price cuts and the launch of an ad-supported plan are tempting people to subscribe and stay on.
The crackdown will have a"more meaningful impact" in the June quarter and Netflix could gain more than 10 million new subscribers as it converts free users to paid ones, Rosenblatt Securities analyst Barton Crockett said. Netflix is set to post first-quarter quarter revenue growth of nearly 4 per cent, according to Refinitiv, marking its second-slowest growth ever after a nearly 2 per cent rise in the December quarter.
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