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%
Credit: Wibbitz Top Stories Duration: 01:30Published
Dwayne Johnson Gains Ownership Rights , to 25 Names and Catchphrases.
Johnson received intellectual property rights to a slew of names and phrases after joining TKO Group Holdings' board of directors, 'Variety' reports. .
It was previously announced that
the deal gave Johnson rights to his
famous wrestling name, “The Rock,”.
but in a Feb. 27 SEC filing, TKO revealed
more intellectual property that the
WWE has surrendered to Johnson. .
According to 'Variety,' the full list includes:.
“The Rock,” “Rocky Maivia,” “Team Corporate,” “Rock Nation,” “The Nation,” “Roody Poo,” “Candy Ass,” “Jabroni,” .
“If you smell what The Rock is cooking,” “The Samoan Sensation,” “The Blue Chipper,” “The Brahma Bull,” “The People’s Champion,” “The Great One,” .
“Know Your Role and Shut Your Mouth,”
“Team Bring It,” “The Rock Just Bring It,”
“The People’s Elbow,” “Rock Bottom,”
“Finally, The Rock has come back to…,” .
“It doesn’t matter what…,” “Blue Hell,”
“The millions… (and millions),” “Rockpocalypse,” “Project Rock” and “The most electrifying
man in sports and entertainment.”.
According to the SEC filing, Johnson will receive $30 million in TKO stock through 2025.
He was also given WWE royalty
payments of $491,000 in 2023...
... and “will continue to receive such annual royalties from WWE and will be entitled to receive royalties in connection with the sale of licensed products”...
... “that utilize the Assigned IP and his name,
likeness and other intellectual property rights
in accordance with the Services Agreement.”
Credit: Wibbitz Top Stories Duration: 01:30Published
The family home where Captain Sir Tom Moore raised millions for the NHS during the COVID pandemic by walking 100 laps of the garden is up for sale for £2.25m. Sky News
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These Foods Will Either
Boost or Drain Your Energy.
As the COVID-19 pandemic drags on, it can be a struggle to maintain consistent energy levels throughout the day.
While a cup of coffee can provide a
much-needed boost of energy, experts say eating the
right food is actually a better option. .
Here are 10 foods that'll either boost or drain your energy,
according to three registered dietitian nutritionists. .
1. Black Beans
(Energy Booster) .
2. Caffeine/Energy Drinks
(Energy Drainer).
3. Bananas
(Energy Booster).
4. Candy
(Energy Drainer).
5. Eggs
(Energy Booster).
6. Steak
(Energy Drainer).
7. Water
(Energy Booster).
8. Fruit Smoothies
(Energy Drainer).
9. Pistachios
(Energy Booster).
10. Low-Calorie
Frozen Meals
(Energy Drainer)
Credit: Wibbitz Top Stories Duration: 01:30Published
US Life Expectancy on the Rise , Following Pandemic Decline, CDC Report Says.
According to the latest federal
mortality data, life expectancy in
the United States increased in 2022. .
The report published by the Centers for
Disease Control and Prevention's National Center for Health
Statistics (NCHS) raised life expectancy to 77.5 years.
The report published by the Centers for
Disease Control and Prevention's National Center for Health
Statistics (NCHS) raised life expectancy to 77.5 years.
The positive change comes after two
years of decline following the pandemic.
The positive change comes after two
years of decline following the pandemic.
While life expectancy has yet to reach
pre-pandemic levels, 2022 showed
an increase of 1.1 years compared to 2021.
2022 ended up recording 3.27 million
deaths in the U.S., which was
184,374 fewer deaths than the year before.
According to the report, heart disease
and cancer remained the two most
prevalent causes of death in the U.S. .
According to the report, heart disease
and cancer remained the two most
prevalent causes of death in the U.S. .
COVID-19 dropped to fourth on
the list, and unintentional injuries
took over the number three spot.
COVID-19 dropped to fourth on
the list, and unintentional injuries
took over the number three spot.
ABC reports that both males and
females saw approximately the same
increase in life expectancy from 2021 to 2022.
Over the same period of time,
the death rate decreased
for nearly every age group. .
Another NCHS report found that rates of
drug overdose deaths from synthetic opioids
increased by 4.1% between 2021 and 2022.
Credit: Wibbitz Top Stories Duration: 01:30Published
It's the most fashionable day of the NFL season -- the 2024 Draft is about to go down in Detroit ... and all the top prospects are dressed to the nines. USC.. TMZ.com
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This Day in History: , March Madness Is Born.
March 27, 1939.
The University of Oregon won the first
NCAA men's basketball tournament when
it defeated Ohio State University, 46-33.
That year, only
eight teams had
been invited
to participate.
Now, March Madness
hosts 68 teams after
expanding from 65 in 2011.
The first NCAA women's tournament
took place in 1982.
UCLA has won the most NCAA
men's basketball championships
with 11 titles, followed by Kentucky with eight.
The tournament has transformed college
basketball into the most-gambled-upon
sporting event after the Super Bowl
Credit: Wibbitz Top Stories Duration: 00:50Published
Beyoncé is revealing a second cover for her 'Act II: Cowboy Carter' album after opening up about what inspired the project. 'Act II: Cowboy Carter' drops March 29th and is a continuation of the superstar's record-breaking album, 'Renaissance.' Beyoncé announced the new project in a Super Bowl commercial back in February and released two songs: "16 Carriages" and "Texas Hold ‘Em."
Credit: The Hollywood Reporter Duration: 01:55Published
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