The Production and Distribution Company of Audiovisual Content in Streaming Netflix registered a profits of 1,449 million dollars (1,245.9 million euros) in the third quarter of 2021, while leaving their forecasts from new subscribers after the premiere during the Quarter of the Korean Series The Game of Squid, which has already become the most successful series of its history, as reported by the company.
Between July and September, Netflix added 4.38 million subscribers, compared to the 3.5 million he had estimated that he would achieve. In this way, the total number of subscribers of the company has been located at 213.56 million, 9.4% more than a year ago.
Most of these new subscribers proceeded from their international markets. In the United States and Canada totaled 73,000 new subscribers, up to a total of 74.02 million; While in Europe, Middle East and Africa joined Netflix 1.8 million people, reaching 70.5 million subscribers.
The income obtained in the third quarter was 7,483.5 million dollars (6,434.7 million euros), 16.3% more than in the same period.
On the other hand, the costs associated with revenues grew by 8.7%, up to 4,206.6 million dollars (3,617.1 million euros), while spending on marketing was 635.9 million (546.8 Millions of euros), 20.5%, and the departure of technology and development experienced an increase of 24.3%, up to 563.9 million (484.9 million euros). The general and administrative costs were located at 321.8 million (276.7 million euros), 18.5% more.
In the whole of the first nine months of 2021, Netflix's net profit was 4,508.8 million (3,874.3 million euros), more than double that in the same period last year, after having registered an increase of 19 , 8% in revenues, up to 21,988.5 million (18,906.6 million euros).Updated Date: 20 October 2021, 15:33