Netflix’s chief financial officer, Spencer Neumann, called the launch of paid sharing Netflix’s “primary revenue accelerator in the year” during the company’s second quarter earnings call.…
By Clare Duffy and Samantha Delouya | CNNThe streaming giant on Wednesday said it added nearly six million paid subscribers during the three months ending in June, bringing its total to more than 238 million globally.
Netflix’s chief financial officer, Spencer Neumann, called the launch of paid sharing Netflix’s “primary revenue accelerator in the year” during the company’s second quarter earnings call. The results come at a pivotal moment for Netflix as the streamer looks to boost revenue by restricting password sharing and introducing an ad-supported subscription option while also contending with a fresh challenge: strikes by both the Hollywood actors and writers unions that could impact its future slate of original shows and movies.
Sarandos also said the company produces “heavily across all kinds of content,” pointing to Netflix’s investments in unscripted and international content, among others, when asked whether the company might run out of original content if the actors’ and writers’ strike persists.
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