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
Hot off his 2021 Grammys win, Bad Bunny has the thirst traps to back it up. Check out the 27-year-old singer's Instagram eye candy in this episode of "Sexy and I Know It."
Happy Birthday,
Bad Bunny!.
Benito Antonio MartĂnez Ocasio
turns 27 years old today.
Here are five fun facts
about the rapper.
1. He knew he wanted
to sing at 5 years old
and joined his church..
Credit: Wibbitz Top Stories Duration: 00:55Published
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