Netflix Inc CFO Says Spin Off Accounts Skewing Towards Ad-Free With Healthy Proportion Going To Ad Tier
Portfolio Pulse from Benzinga Newsdesk
During the Bank of America Conference, Netflix Inc's CFO revealed that the company's spin-off accounts are leaning towards ad-free options, with a significant proportion still opting for the ad tier.
September 13, 2023 | 3:28 pm
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Netflix's spin-off accounts are showing a preference for ad-free options, indicating a potential increase in revenue from these higher-priced subscriptions. However, a significant proportion is still opting for the ad tier, suggesting a balanced revenue stream.
The preference for ad-free options among Netflix's spin-off accounts could lead to increased revenue as these subscriptions are typically priced higher than ad tier options. This could positively impact Netflix's stock in the short term. However, the fact that a significant proportion is still opting for the ad tier suggests a balanced revenue stream, which is also beneficial for the company's financial stability.
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