The value of the day on Wall Street Netflix boosted by its results and its growth prospects

The title gained 3.02% to 207.77 dollars, boosted by favorable quarterly results. If the group suffered a loss of 970,000 subscribers, it anticipates an increase in its customers during the current quarter. A growth prospect which has therefore been welcomed by investors. The Californian firm made 1.44 billion in net profit, a performance above expectations.

Earnings per share amounted to 3.20 dollars, against 2.97 dollars a year ago. The turnover amounted to 7.97 billion dollars, below expectations, which he attributed in particular to an unfavorable exchange rate.

The decline in the number of subscribers was less significant than expected, the group expecting in April a loss of two million customers. This then caused a shock on Wall Street while fueling questions about its long-term prospects.

Netflix, which has around 221 million subscribers worldwide, estimates that it will register the arrival of a million additional customers over the July-September period, before the launch next year of an offer with advertising.

After years of meteoric growth, Netflix has begun to suffer from competition from Walt Disney and Apple, among others, who have invested heavily in their streaming platforms. However, it remains the world number one in the sector.