Netflix reports Enterprise Netflix

Netflix Cuts 300 Jobs in New Round of Layoffs

Reading now: 815
thewrap.com

leading streamer’s enterprise value, which ballooned to $277.3 billion last year, is down to around $100 billion.During the company’s recent earnings call the CFO, Spence Neumann, said the company was slowing cost growth to maintain margins due to to the slower growth in revenue.

Among other ways to boost subscribers and cut costs, Netflix has hinted at introducing ad-supported pricing tiers to its service and cracking down on users who share passwords with other households, among other changes.

Read more on thewrap.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA