Netflix’s ad-supported tier reached ~1M MAUs in the U.S. after its second month, and the company fulfilled its forecasted deliveries to advertisers, Bloomberg’s Lucas Shaw reported on Sunday. According to internal data seen by Bloomberg, the user base grew by more than 500% in the first month from its launch and another 50% in its second month. Reference Link
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on NFLX:
- Netflix Stock: Paid Sharing Will Pay off Over the Long Term, Says J.P. Morgan
- There’s an Opportunity Brewing in Netflix Stock, Says Oppenheimer
- Netflix, Boeing involved in U.S. business mission to Vietnam, Reuters says
- Netflix price target raised to $400 from $395 at Citi
- Netflix share pullback brings buying opportunity, says Oppenheimer
