Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen OC_Formula for the clue delivery! CTOnews.com October 19 news, the U. S. video streaming giant Netflix today announced the company's third quarter of fiscal 2022 results.

The company reported third-quarter revenue of $7.926 billion, up 5.9% from $7.483 billion in the same period last year, net profit of $1.398 billion, down 3.5% from $1.449 billion in the same period last year, and earnings per share of $3.10. compared with $3.19 in the same period last year.

After losing its dominant position in streaming, Netflix seems ready to take a new adventure. In a nutshell, Netflix will also try to enter the field of cloud games, where Google Stadia failed.

As Mike Verdu, vice president of games at Netflix, revealed on TechCrunch Disrupt, the streaming giant is "seriously exploring cloud gaming services."

Netflix has previously said it has launched game tabs in its stock app, which includes about 25 mobile games. But this is clearly only the first step. Netflix says it is developing cloud gaming services.

Verdu says Netflix is not developing subscription services like Luna and GeForce Now as alternatives to hosts. He stressed that it would be a "value-added" service and would emerge as a "completely different business model" rather than the recently failed Stadia.

Verdu believes that Stadia's failure to attract customers lies not in the technology it uses, but in the business model used by Google. But Netflix hopes to bring a "very natural way to play games wherever you are".

CTOnews.com learned that Verdu did not say when Netflix would launch a cloud gaming service, but revealed that the company is currently developing 55 new games and will open a game studio in Southern California. It is said that the games are based on original works such as the Story of Strange things, as well as licensed works by IP such as SpongeBob.

As for the new game studio, Verdu said Chacko Sonny, the former executive producer of Watch Pioneer, will take the helm and lead the studio. Verdu said Sonny's entry into Netflix shows that the streaming giant has "long-term goals" and "the right reasons" in the gaming industry.

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