Netflix (NFLX) and the Streaming Wars Message Board

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Technology Stocks : Netflix (NFLX) and the Streaming Wars

NFLX 1,119

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Oct 31 9:30 AM EST

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From: Zen Dollar Round	8/11/2022 5:43:02 PM
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Stat Firm Reports Less Than 1% of Subscribers Playing Netflix Games Less than 1% of Netflix’s 221 million subscribers are playing the service’s games each day, according to a report from CNBC. Based on statistics from Apptopia, the report revealed that there have been 23.3 million global downloads of Netflix’s mobile games and an average of 1.7 million subscribers are engaging with the games daily. When Netflix announced its move into games in November, it was seen as a revenue diversification strategy made at a time when it was drowning in cash. Since then, the streaming service has seen a massive exodus of subscribers — 200,000 in the first quarter, nearly a million in the second quarter — so gaming could be even more important to the service now than when it initially launched. However, it’s likely gaming will be on a back burner for a while. “I wouldn’t expect to see a lot of aggressive movement on the games front until they stabilize the subscription tier and are seeing some momentum from the ad-supported tier,” Ross Rubin, the principal analyst at Reticle Research, a consumer technology advisory firm in New York City, told TechNewsWorld. More at link in title, SI's URL parser won't show it properly so I can't put it down here like I usually do.

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