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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
Jake Paul and Mike Tyson , to Face Off in July.
ESPN reports that YouTuber-turned-prizefighter
Jake Paul is set to meet former heavyweight champion
Mike Tyson in a first-of-its-kind Netflix boxing event. .
ESPN reports that YouTuber-turned-prizefighter
Jake Paul is set to meet former heavyweight champion
Mike Tyson in a first-of-its-kind Netflix boxing event. .
In 2020, Paul started making a name
for himself in combat sports with a knockout
win over former NBA player Nate Robinson.
In 2020, Paul started making a name
for himself in combat sports with a knockout
win over former NBA player Nate Robinson.
That fight took place on
the undercard of Mike Tyson's
exhibition fight against Roy Jones Jr.
That fight took place on
the undercard of Mike Tyson's
exhibition fight against Roy Jones Jr.
On July 20, Paul and Tyson will appear
as the main event for Netflix's first
foray into live combat sports.
Jake Paul vs. Mike Tyson
is a once-in-a-lifetime dream
matchup and I anticipate it will
be the most-watched boxing
event in modern boxing history, Nakisa Bidarian, Most Valuable
Promotions (MVP) co-founder, via ESPN.
Jake Paul vs. Mike Tyson
is a once-in-a-lifetime dream
matchup and I anticipate it will
be the most-watched boxing
event in modern boxing history, Nakisa Bidarian, Most Valuable
Promotions (MVP) co-founder, via ESPN.
ESPN reports that it remains unclear how the
Texas Department of Licensing and Regulation will
handle what is likely to be a highly-criticized matchup.
ESPN reports that it remains unclear how the
Texas Department of Licensing and Regulation will
handle what is likely to be a highly-criticized matchup.
It remains unclear whether the match will be considered a pro fight or an exhibition bout.
Despite being considered one of the greatest
heavyweight boxers in history, Tyson will be
58 years old by the time the fight rolls around.
Paul, at just 27 years old, will be three
decades younger than his opponent.
Tyson, who was the undisputed heavyweight
champion from 1987 to 1990, lost his last
professional fight by knockout in 2005. .
Tyson, who was the undisputed heavyweight
champion from 1987 to 1990, lost his last
professional fight by knockout in 2005.
Credit: Wibbitz Top Stories Duration: 01:30Published
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