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
Meghan Markle and Prince Harry's new Netflix venture's already poppin' with star power ... 'cause early filming saw Serena Williams hangin' with the duo! The.. TMZ.com
Harry and Meghan , Are Bringing 2 New Shows to Netflix.
Harry and Meghan , Are Bringing 2 New Shows to Netflix.
NBC reports that Prince Harry and his wife,
Meghan, have announced a new partnership between
their Archewell Productions company and Netflix.
NBC reports that Prince Harry and his wife,
Meghan, have announced a new partnership between
their Archewell Productions company and Netflix.
The Duke and Duchess of Sussex
will produce two separate TV shows
about cooking and polo.
According to a press release
from Archewell, both shows are
still in an early stage of production.
The press release added that titles
and release dates will be revealed , "in the coming months.".
According to the press release,
the first of the two new shows will , "celebrate the joys of cooking and
gardening, entertaining and friendship.".
The second series will reportedly
center on the world of polo, a sport
associated with aristocratic British culture. .
Known primarily for its aesthetic
and social scene, the series will
pull the curtain back on the grit
and passion of the sport,
capturing players and all it takes
to compete at the highest level, Archewell Productions press release, via NBC.
Known primarily for its aesthetic
and social scene, the series will
pull the curtain back on the grit
and passion of the sport,
capturing players and all it takes
to compete at the highest level, Archewell Productions press release, via NBC.
The upcoming shows are part of
a multi-year deal that Archewell
signed with Netflix after forming in 2020. .
In 2022, the couple released a documentary series
on Netflix which centered on Harry's rift with senior
royals and his departure from official royal duties.
In 2023, Harry's memoir, 'Spare,'
detailing his perspective on his bitter split
with the royal family, became a bestseller.
Credit: Wibbitz Top Stories Duration: 01:30Published
Meghan Markle and Prince Harry are launching 2 new shows for the streaming giant -- this after a lot of questions about their ability to produce. According to.. TMZ.com
Olympic Break-Dancing , Is Making Its First Appearance , at the Paris Games.
NBC reports that break-dancing will
make its debut as an official Olympic
sport at the upcoming Paris Games.
Also known as breaking, the sport
features headspins, windmills, various
"freeze" moves and will be set to music.
According to the Paris Olympics, the sport is , "characterized by acrobatic movements, stylized
footwork and the key role played by the DJ and
the MC (master of ceremonies) during battles.".
The sport first made an appearance
at the 2018 Youth Olympics
in Buenos Aires, Argentina.
According to NBC Olympics, the event
garnered over one million viewers,
a much wider audience than many other sports.
According to NBC Olympics, the event
garnered over one million viewers,
a much wider audience than many other sports.
Breaking joins a number of other new sports, including
three that were debuted at the 2020 Tokyo Games: , surfing, skateboarding and sport climbing.
Breaking joins a number of other new sports, including
three that were debuted at the 2020 Tokyo Games: , surfing, skateboarding and sport climbing.
Breaking joins a number of other new sports, including
three that were debuted at the 2020 Tokyo Games: , surfing, skateboarding and sport climbing.
NBC reports that the new sports represent an effort
by the International Olympic Committee (IOC)
to draw in younger viewers and athletes. .
NBC reports that the new sports represent an effort
by the International Olympic Committee (IOC)
to draw in younger viewers and athletes. .
The Paris Olympics breaking competition
will be split into two events on August 9
and 10 at La Concorde Urban Park.
According to the Paris Olympics, the event
will see a total of 16 B-boys or 16 B-girls , "go face to face in spectacular solo battles.".
According to the Paris Olympics, the event
will see a total of 16 B-boys or 16 B-girls , "go face to face in spectacular solo battles."
Credit: Wibbitz Top Stories Duration: 01:31Published
Carl Erskine, , 1950s Dodgers Pitcher, , Dead at 97.
NBC reports that the baseball legend
died at Community Hospital Anderson in Indiana.
He was one of the last surviving members of the
celebrated Brooklyn teams from the 1950s, having
spent his entire career playing for the Dodgers.
He was one of the last surviving members of the
celebrated Brooklyn teams from the 1950s, having
spent his entire career playing for the Dodgers.
Between 1948 and 1959,
Erskine and the Dodgers took home
five National League pennants.
Between 1948 and 1959,
Erskine and the Dodgers took home
five National League pennants.
The right-handed pitcher had a career record of 122-78 with 981 strikeouts and an ERA of 4.00.
Erskine's best season came in 1953
when he led the National League
with a record of 20-6.
In 1954, Erskine had another
All-Star season, winning 18 games.
Out of his five World Series appearances,
the Dodgers beat the Yankees
in 1955 to win their only championship.
Out of his five World Series appearances,
the Dodgers beat the Yankees
in 1955 to win their only championship.
With Erskine's passing, 88-year-old
Sandy Koufax becomes the lone surviving
Dodgers player from that 1955 World Series team.
With Erskine's passing, 88-year-old
Sandy Koufax becomes the lone surviving
Dodgers player from that 1955 World Series team.
In July of 2023, the Baseball Hall of Fame's
board of directors awarded Erskine with
the Buck O'Neil lifetime achievement award.
In July of 2023, the Baseball Hall of Fame's
board of directors awarded Erskine with
the Buck O'Neil lifetime achievement award.
For millions of fans, he was
a baseball hero. For his family
and thousands of Special Olympians,
Carl was someone who always
believed everything was possible. , Jane Forbes Clark, Baseball Hall of Fame chairman, via NBC.
His legacy is one
of deep compassion
and encouragement
of the human spirit, Jane Forbes Clark, Baseball Hall of Fame chairman, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Ex-Ohtani Interpreter , Likely to Face Federal Charges, Sources Say.
NBC reports that Shohei Ohtani's former interpreter
may face federal charges in connection with a
gambling investigation into a California bookie. .
According to sources, Ohtani has
been assisting with the investigation.
The news from NBC follows a similar report by TMZ
that Ippei Mizuhara, the former Ohtani interpreter,
will be facing charges by federal authorities.
On March 21, Mizuhara was fired by the L.A. Dodgers
after attorneys representing Ohtani alleged
"massive theft" had occurred related to sports gambling.
On March 21, Mizuhara was fired by the L.A. Dodgers
after attorneys representing Ohtani alleged
"massive theft" had occurred related to sports gambling.
In response, Major League Baseball , opened an investigation. .
On March 25, Ohtani made his first public comments on
the matter, saying that he had been betrayed and lied to,
while denying any involvement in gambling.
I’m very saddened and
shocked that someone
who I trusted has done this, Shohei Ohtani, via NBC.
Ippei has been stealing
money from my account
and has told lies, Shohei Ohtani, via NBC.
NBC reports that Mizuhara is both Ohtani's
interpreter and long-time friend who has had
a constant presence beside the baseball phenom.
The scandal, involving over $4.5 million in wire transfers
from Ohtani's account, was brought to light
following reports by ESPN and the 'Los Angeles Times.'
Credit: Wibbitz Top Stories Duration: 01:30Published
This Day in History: , Prince Dies.
April 21, 2016.
The iconic musician, 57,
was found dead at his estate,
Paisley Park, in Minnesota.
Prince had overdosed on fentanyl.
His death was ruled accidental.
Over the span of four decades,
Prince transcended genre and created
more than 30 albums, his first in 1978 for Warner Bros.
Prince often played all of the
instruments on the album himself.
He was charismatic and electrifying on stage.
His 1984 album 'Purple Rain'
sold 13 million copies. It was number one
on the 'Billboard' 200 chart for 24 consecutive weeks.
He won seven Grammy awards.
His final album was released in 2015,
just months before his death.
Few artists have influenced the sound and trajectory of popular music more distinctly, or touched quite so many people with their talent, President Obama, via History.com
Credit: Wibbitz Top Stories Duration: 01:00Published
Warner Bros. has finally dropped the first trailer for the highly anticipated 'Joker' sequel, 'Joker: Folie Ă Deux.' The studio unveiled the clip while at CinemaCon where theater owners were given a glimpse of Joaquin Phoenix and Lady Gaga together in terrifying action.
Credit: The Hollywood Reporter Duration: 01:17Published
Hailee Steinfeld is set to star opposite Michael B. Jordan in Ryan Coogler's untitled supernatural thriller being made by Warner Bros. Pictures. The buzzy project starts shooting later this month in New Orleans. The cast also includes Wunmi Mosaku, Delroy Lindo and Jack O'Connell, among others.
Credit: The Hollywood Reporter Duration: 01:13Published
Warner Bros. is heading back into 'The Matrix' with a new movie in the works! This will be the first 'Matrix' film to not directly involve the Wachowskis, and instead Drew Goddard is leading the charge. Warner announced that the fan-favorite writer-director whose credits include 'The Martian,' 'The Cabin in the Woods' and 'World War Z,' has been tapped to write and direct a new 'Matrix' feature for the studio.
Credit: The Hollywood Reporter Duration: 01:39Published
You might know the Chicago Party Aunt parody Twitter account for witty and sometimes proudly crass observations about all things Chicago. On Wednesday, Netflix announced that “Chicago Party Aunt”..
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