Netflix continues to chug along, growing its revenue and profit margins even as its competitors struggle to keep their streaming services profitable.
Netflix reported total revenues of $11.1 billion, operating income of $3.8 billion and a margin of 34.1 percent, all up double digits from a year ago.
Q2 is the second quarter in which Netflix is not releasing its subscriber figures, choosing instead to put its focus on revenue and income, as it experiments with different revenue models like advertising, and with the price of subscriptions in different markets remaining somewhat variable.
It is also the first full quarter in which it has launched new price increases, including in mature markets like the U.S. Those price hikes, combined with consistent low churn, likely account for the strong margins.
More to come.
