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More Money, More Streams: Netflix, Disney+, AppleTV+ And Hulu See Higher Usage Among Wealthier Americans [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
What Happened: Even as consumer face financial pressure to reduce spending on streaming subscriptions or switch to more affordable, ad-supported plans, leading streaming companies like Netflix and Disney continue to experience subscriber growth. The leading streaming companies are thriving, with Netflix Inc (NASDAQ: NFLX gaining 9.33 million paid net new subscribers in the first quarter to bring the company to a total of 269.60 million. The Walt Disney Company (NYSE: DIS ) added 6.3 million Disney+ Core subscribers in the second quarter to bring the company to a total of 117.6 million. Other streaming companies are also seeing growth of their subscribers and operating income for their direct-to-consumer segments. A survey from Morning Consult shows that Netflix was the streaming company most likely to be used across three income levels of $50,000, $50,000 to $99,999, and $100,000. Netflix was selected by 71% of the respondents in the $50,000 to $99,999 income level as a platf
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