Netflix: "We're not sure can increase profit by adding live sports" (Ted Sarandos, co-CEO)

"We're not quite so sure we can significantly increase our profit stream by adding (live) sports. I'm not saying we'd never do sports, but we'd have to see a path to growing a big revenue stream and a big profit stream with it," said Ted Sarandos, co-CEO of the streaming platform Netflix, in connection with the presentation of the US group's half-yearly accounts on 20/04/2022.

"A few years ago, the (commercial) rights to Formula 1 were sold. At that time we were not among the bidders, today we would think about it," said Reed Hastings, CEO of the streaming platform Netflix, to the German magazine Der Spiegel, 17/09/2021.

Netflix/First quarter 2022 results: a loss of subscribers for the first time in more than 10 years

• Netflix has 221.6 million subscribers worldwide as of 31/03/2022 and has lost 200,000 compared to the end of 2021, according to figures published by the US group on 20/04/2022.
• This is the first time the company has lost subscribers since 2011. The share price has fallen by more than 37% in the two…