Netflix has told advertisers in the past 10 days that new sign-ups for the tier with ads had doubled in January over December, though Netflix didn’t tell advertisers how many sign-ups that amounted to, people familiar with the matter told The Information’s Sahil Patel. Last fall, when first pitching the ad offering, the company had told advertisers it expected the tier would draw 1.75M subscribers by the end of the first quarter, the equivalent of just 2.4% of Netflix’s North American subscriber base at the end of December, the report noted. Reference Link
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on NFLX:
- NFLX Nudges Higher; Announces Details for Password Sharing Crack Down
- EU debates charging data-heavy companies for telecom upgrades, Bloomberg report
- Netflix Stock (NASDAQ:NFLX): Hastings’ Resignation Raises Questions
- Netflix downgraded to Accumulate from Buy at Phillip Securities
- Avoid Netflix Stock (NASDAQ:NFLX) after Its So-So Q4 Earnings