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Latest in Netflix Earnings
Netflix Beats Q4 Subscriber Growth Target, But Mixed Financial Results Reflect Challenging Environment
Netflix beat forecasts for subscriber gains for the fourth quarter and also edged revenue estimates, but pressure on earnings per share reflected broader challenges in the streaming business.
The company added almost 7.7 million subscribers during the fourth quarter, reaching 230.75 million globally…
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By Dade Hayes
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5 Comments Comment on Netflix Beats Q4 Subscriber Growth Target, But Mixed Financial Results Reflect Challenging Environment
Ted Sarandos Downplays ‘Knives Out 2′ Theatrical Deal, Says Netflix Is About “Entertaining Members With Netflix Movies On Netflix”
Netflix co-CEO and chief content officer Ted Sarandos tossed cold water on hopes that the streamer’s recent deal with major cinema chains for Glass Onion: A Knives Out Mystery could be the start of something bigger.
"We are in the business of entertaining our members with Netflix movies on Netflix…
Netflix Won’t Give Guidance For Paid Subscribers After This Quarter As Revenue Becomes “Primary Top-Line Metric”
Netflix said Tuesday that its closely watched paid membership number is becoming "just one component" of total revenue growth, so starting in the fourth quarter it will stop offering forward-looking subscriber forecasts. Shares of Netflix – and other streamers – are highly sensitive to subscriber adds, or…
Netflix Content Spend Set To Plateau At $17B For Next Few Years
Netflix executives see content spending of about $17 billion in 2021 lingering there through 2023.
It’s the latest shift for the giant streamer that’s always been gung-ho about spending and was seen as nosing up to the $20 billion range. But as part of an overall industry rethink — and its own — CFO Spencer Neumann…
Media Stocks Rally Around Netflix Subscriber Numbers
Shares of Disney, Paramount, Warner Bros. Discovery all closed higher and continued to gain in after-hours trading when Netflix, the dominant streamer, lost fewer subscribers in the June quarter than it said it would.
Netflix clearly led media shares as its battered stock surged nearly 6% during the session and gained…
Netflix To Launch Advertising Tier In “Early Part” Of 2023
Netflix said it’s targeting an early 2023 launch for a cheaper advertising tier as it seeks to stem subscriber losses and hopefully turn them back up. It will roll the plan out in a handful of markets first but didn’t say which ones.
On paid sharing, Netflix is in the “early stages” of monetizing the 100 million-plus…
Netflix To Step Into Spotlight, Kicking Off A Media Earnings Season Riddled With Anxiety
Netflix will reveal its financial results from the second quarter on Tuesday afternoon, and the outcome is expected to set the tone for one of the most anxious and uncertain earnings seasons in years.
The report will have “wide-ranging implications for the stock and the media ecosystem,” in the view of Guggenheim…
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By Dade Hayes
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Netflix Says Password-Sharing Solution A Year Away; Reed Hastings Vows To “Get Back Into Investors’ Good Graces”
A crew of sober Netflix execs said a password-sharing crackdown on the army of 100 million viewers who use the service for free is front and center and being tested but could take about a year to roll out, and it's not clear what it will look like.
"We've just got to get paid for them to some degree for them,"…
Netflix Touts Games Without Ads Or Purchases, ‘Just Great Play’; Ted Sarandos Jabs Recent Media Mergers
Netflix execs drilled down on the streamer's newest push, games, calling it a part of the service just like any other from kids' fare to unscripted to local language. "It's not a separate product. We are a one-product company," said co-CEO Ted Sarandos.
He and others from the company's executive suite spoke during an…
Netflix Readies Quarterly Earnings Report In Shifting Streaming Landscape
Netflix will report its second-quarter results Wednesday during a period of dramatic change in the streaming sector, as bulls and bears marshal evidence for their contrasting views of the company’s future.
Believers in the long-term viability of Netflix point to its global footprint and programming juggernaut, with…
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By Dade Hayes
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Netflix Originals In Q3 Soared 50% Over Q2 Level To Record 676 Hours: Analyst
Ahead of Netflix’s quarterly earnings report on Tuesday, new figures from a Wall Street analyst show it smashed all records in the third quarter by releasing 676 hours of original programming, up 50% from the second quarter.
Cowen & Co. analyst John Blackledge delivered the eye-catching stat as part of his monthly…
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By Dade Hayes
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Netflix Stock Down 5% As Wall Street Debates Q2 Takeaways – Update
UPDATED with closing price: Divergent opinions about Netflix’s prospects continue to ricochet around Wall Street in the wake of the company’s second-quarter earnings miss, but investors today could sum up their feelings in a single word: sell.
The company’s shares, which had surged nearly 110% in 2018, imputing a…
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By Dade Hayes
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