Jake Paul Knocks Out Andre August in First Round of Boxing Match

Netflix Exceeds Earnings Estimates As Subscribers Increase

Netflix Exceeds Earnings Estimates , As Subscribers Increase. Netflix Exceeds Earnings Estimates , As Subscribers Increase. Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million. Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. . The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. . However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth. As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. . Instead, it will divulge "major subscriber milestones as we cross them.". Price hikes, terminating password sharing and offering an ad-supported tier are all tactics that have boosted revenue. Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform. We’re in the very early days of developing our live programming and I would look at this as an expansion of the types of content we offer, the way we expanded to film and unscripted and animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call. We believe that these kind of event cultural moments like the Jake Paul and Mike Tyson fight are just that kind of television, and we want to be part of winning over those moments with our members as well, so that for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call. As of the morning of April 18, Netflix's stock was up 27%

A Costco Membership Card Is Now Needed to Eat in Its Food Court

A Costco Membership Card , Is Now Needed to Eat in Its Food Court. Even though Costco limited food court access to members only in 2020, enforcement of that policy has been lax until now, CBS News reports. . The wholesale store is cracking down to make sure that outsiders can no longer access Costco's $1.50 hot dog combo, among other items. Effective April 8, 2024, an active Costco membership card will be required to purchase items from our food court. , Via a sign seen at a Costco store in Orlando, Florida . You can join today. Please see our membership counter for details, Via a sign seen at a Costco store in Orlando, Florida . Ultimately, Costco doesn't think it's fair for non-members to access perks intended for members. We don't feel it's right that non-members receive the same benefits and pricing as our members, Costco, via statement. Costco made such statements last year when it started requiring photo IDs to be presented with membership cards at self-checkouts. In January, some stores began requiring membership cards to be scanned at store entrances to limit non-member entry and membership sharing. A basic Costco membership is $60 per year. An executive membership, which offers perks such as cash back, costs $120 per year. In 2023, membership fees accounted for 73% of Costco's total profit, CBS News reports.

This Day in History: Donna Summer, Queen of Disco, Dies

This Day in History: , Donna Summer, Queen of Disco, Dies. May 17, 2012. The 63-year-old singer and songwriter died in Naples, FL, from non-smoking related lung cancer. The disco diva rose to fame in the 1970s, with hits like "Hot Stuff" and "Last Dance.". As disco's popularity waned, Summer wrote songs for several different genres. Her song, "Starting Over Again," for Dolly Parton was a number-one country single in 1980. Her 1983 hit, "She Works Hard for the Money," became a pop-rock feminist anthem. Summer was a five-time Grammy winner, who's been sampled by artists from Beyonce to the Pet Shop Boys. The mother of three was buried in Nashville, her home since the 1990s