© Reuters. Netflix (NFLX) has ‘loads of room to develop,’ says Netflix co-CEO Sarandos
Netflix’s (NASDAQ:) co-CEO Ted Sarandos mentioned on the UBS International TMT Convention on Monday that the corporate has “a ton more room to grow.”
In his pre-prepared remarks, Sarandos mentioned the streaming big has “about 15 million” month-to-month energetic customers on its subscription tier and that, trying forward, they see alternatives to broaden leisure choices.
Moreover, Netflix is seeking to diversify its income pool through promoting.
“I’m very proud of our films, our series and all that growth, but I think there’s plenty of room to grow in terms of constantly improving it,” said Sarandos. “And we see that through improved engagement across the content that we’re investing in.”
“We’re looking also to diversify our revenue pool through advertising, getting that ad tier to scale,” he added. “Today, we have about 15 million MAUs. It’s grown from – we had 5 million just in May. So you can see the kind of rate of growth that we’re talking about.”
Sarandos believes advertisers on Netflix wish to be “as close as they can to the brands that people love,” and he believes the possibilities that it’ll occur in leisure are “much higher on Netflix than anywhere else in the world.”
