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Video streaming services see downloads, active users drop in April, BofA report shows [Reuters]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Monday, citing data from Sensor Tower, likely pressured by heated competition in the segment and an uncertain economic outlook. Across all video streaming services, including Netflix , Paramount and Walt Disney , downloads and monthly active users (MAU) declined 4% in aggregate, according to the note. WHY IT'S IMPORTANT The streaming companies are seeing a slowdown in growth across their categories, with some analysts pointing to several markets reaching maturity, especially in the U.S. and cooling in demand post the pandemic-driven boom. BY THE NUMBERS Netflix saw a decline of 6% in downloads and 8% in MAU, while Disney's downloads fell by 26% and MAU by 10%. However, Warner Bros Discovery saw both year-on-year and month-on-month growth with about 11.8 million downloads and 48.6 million MAUs, said the research firm. Report this ad WHAT'S NEXT Media companies are doubling down on international expansion, investing in sports streaming ventures and raising prices on thei
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