Why Is Everyone Talking About Netflix?
Netflix (NASDAQ: NFLX) has had an up-and-down year. After hitting record revenue in 2020 and 2021, the streamer lost 200,000 subscribers in its first quarter and close to another 1 million during its second quarter.
But with its third-quarter now in the books, the company is seemingly turning things around by adding 2.4 million new subscribers. And with a handful of growth strategies yet to play out, there is good reason why everyone is talking about Netflix right now.
Netflix has announced Profile Transfer, a new feature that lets viewers easily move their watch lists, viewing histories, and personalized recommendations from one membership account to another. As the streamer describes it, Profile Transfer recognizes that people can experience many life changes, including breakups or moving out of their parents' home, thereby providing reasons why they might need a fresh Netflix account all of their own.
Source Fool.com
