Netflix Exceeds Earnings Estimates As Subscribers Increase
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
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.
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The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion.
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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.
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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.
Weāre 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%
'Cobra Kai' stars Xolo MaridueƱa and Jacob Bertrand stop by the THR video lounge at San Diego Comic-Con to talk all about their Comic-Con experience, the final season of their Netflix series and more.
Credit: The Hollywood Reporter Duration: 15:15Published
Dearest gentle reader, it's official ā we now know which sibling is set to lead 'Bridgerton's' fourth season. Netflix announced that the next season will in fact focus on Benedict Bridgerton, played by Luke Thompson. The streamer welcomed the second eldest love averse Bridgerton brother to the marriage via a social media post. The season will focus on the Bridgerton sibling, who does not want to settle down ā until he meets a captivating Lady in Silver (or ā spoiler alert! ā as book fans will know her, Sophie) at his mother's masquerade ball.
Credit: The Hollywood Reporter Duration: 01:24Published
We now know who's in talks to star in the 'I Know What You Did Last Summer' reboot. The Hollywood Reporter can exclusively reveal that Madelyn Cline and Camila Mendes are in talks to lead the ensemble of Sony Pictures' reboot of the 1997 horror hit. Cline, of course, plays Sarah Cameron in the Netflix series 'Outer Banks,' while Mendes played Veronica on the CW's long-running series 'Riverdale.' Also in negotiations are Tony Award nominee Sarah Pidgeon... 'Atlanta's' Tyriq Withers and Jonah Hauer-King, who played Prince Eric in Disney's live-action remake of 'The Little Mermaid.'
Credit: The Hollywood Reporter Duration: 01:19Published
Things are a little shaky for 'Emily in Paris' as Netflix drops the trailer for the 4th season of the streaming hit. Season three of the series left off after the dramatic events at Gabriel and Camille's wedding with Emily reeling between her feelings for Gabriel and Alfie but with the reveal that Gabriel is now expecting a baby with his ex. The trailer sees Emily trying to move on after season three's revelations.
Credit: The Hollywood Reporter Duration: 01:30Published
The world's biggest streaming service Netflix has grown even bigger as password-sharing crackdowns and shows like Baby Reindeer and Bridgerton have driven.. Sky News
Walgreens Plans , āSignificantā Store Closures.
On June 27, Walgreens announced quarterly earnings
that were poorer than expected, NBC News reports.
The company's stock fell 15% in pre-market trading.
CEO Tim Wentworth issued a press release.
We continue to face a difficult operating
environment, including persistent
pressures on the U.S. consumer and the
impact of recent marketplace dynamics
which have eroded pharmacy margins, Tim Wentworth, Walgreens CEO, via press release.
Our results and outlook
reflect these headwinds, Tim Wentworth, Walgreens CEO, via press release.
Wentworth elaborated in an interview with CNBC.
The consumer is absolutely stunned by
the absolute prices of things, and the
fact that some of them may not be
inflating doesnāt actually change their
resistance to the current pricing, Tim Wentworth, Walgreens CEO, via CNBC.
On a call with analysts, Wentworth said that Walgreens' strategy will have to "include the closure of a significant portion of these underperforming stores.".
75% of our stores drive 100% of our
profitability today. What that means is
the others we take a hard look at, we are
going to finalize a number that we will close, Tim Wentworth, Walgreens CEO, via call with analysts.
The pharmacy chain currently
operates about 8,600 stores
Credit: Wibbitz Top Stories Duration: 01:30Published
US Water System May Be , Vulnerable to Cyberattack, by China, Russia and Iran.
CNBC reports that the United States
water system has been the target of a series
of cyberattacks over the past few years. .
In response, the Environmental Protection Agency
(EPA) has been forced to issue an alert warning
that 70% of water systems do not comply
with the Safe Drinking Water Act.
According to the EPA, some have āalarming
cybersecurity vulnerabilities,ā including
unchanged default passwords and former
employees who retain access to vital systems.
In February, the FBI issued a warning to
Congress that Chinese hackers have embedded
themselves into the U.S. cyber infrastructure. .
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Water is among
the least mature
in terms of security, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Stuart Madnick, an MIT professor of engineering
systems and co-founder of Cybersecurity at
MIT Sloan, warns that an attack that shuts off
water to the population is the main concern.
We have demonstrated in our
lab how operations, such as
a water plant, could be shut
down not just for hours or
days, but for weeks, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
CNBC reports that budgets, outdated
infrastructure and an overall reluctance to take
action may prevent necessary fixes from
being made before a serious attack.
Credit: Wibbitz Top Stories Duration: 01:31Published
European Union Announces , Higher Tariffs on Chinese EVs.
On June 12, the EU said it will
impose higher tariffs on imports of
Chinese electric vehicles (EVs), CNBC reports. .
The increase in tariffs is the result of a
probe launched by the EU in October.
According to the EU, the Chinese imports benefit "heavily from unfair subsidies" and threaten "economic injury" to European EV producers.
The influx of subsidized Chinese imports
at artificially low prices therefore
presents a threat of clearly foreseeable
and imminent injury to EU industry, European Commission, via statement.
A 38.1% tariff will be imposed on battery electric vehicle producers who refused to cooperate with the bloc's investigation.
A 21% tariff will be implemented for carmakers in China who complied
but have yet to be "sampled.".
On June 11, a spokesperson for China's Ministry of Commerce called the higher
tariffs a "protectionist act.".
The findings disclosed in the EU
ruling lack factual and legal basis, Spokesperson for China's Ministry of Commerce, via statement.
This is a naked protectionist act,
creating and escalating trade
frictions, and 'destroying fair
competition' in the name of
'maintaining fair competition.' , Spokesperson for China's Ministry of Commerce, via statement.
This move by the EU not only damages the
legitimate rights and interests of Chinaās
electric vehicle industry, but will also disrupt
and distort the global automotive industry
chain supply chain, including the EU, Spokesperson for China's Ministry of Commerce, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk Drops Lawsuit , Against OpenAI.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
The suit alleged that OpenAI initially worked
to develop artificial general intelligence
"for the benefit of humanity" but later strayed
from that goal to become a for-profit entity. .
Musk, who had a hand in launching
OpenAI, was suing "for breach of contract
and fiduciary duty," CNBC reports.
In March, experts told CNBC that the suit had a murky legal foundation because there was no formal written agreement signed by each party.
On June 11, Musk dropped the lawsuit.
It was dismissed without prejudice.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
He called the partnership "an unacceptable security violation" since Apple has
"no clue what's actually going on.".
Itās patently absurd that Apple isnāt
smart enough to make their own
AI, yet is somehow capable of
ensuring that OpenAI will protect
your security & privacy!, Elon Musk, via X.
Musk went on to say that if Apple
"integrates OpenAI at the OS level," the company's devices will be banned at his businesses.
Credit: Wibbitz Top Stories Duration: 01:31Published
Apple Is Reportedly Building , a Dedicated Passwords App.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
The new app will be called Passwords, Engadget reports.
The app will be revealed at the
Worldwide Developers Conference in June.
While Apple already offers password
services via the iCloud Keychain.
it can be tedious to find
or change passwords with it.
A dedicated passwords app would make the whole process easier and likely encourage some people to stick with Apple.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Such categories include "accounts, WiFi networks and Passkeys," CNBC reports. .
Users will be able to
import passwords from other apps.
Two-factor verification codes
will also be supported.
It's not clear if Passwords will let you
store files and images as its rivals do.
Credit: Wibbitz Top Stories Duration: 01:30Published
Hulk Hogan was in a celebratory mood after his big Trump speech at the Republican National Convention ... the iconic WWE wrestler was out partying at a Missouri.. TMZ.com
The Republican National Convention stage looked more like a wrestling ring Thursday night -- at least for a few minutes -- as Hulk Hogan ripped off his shirt and.. TMZ.com
The Anant Ambani wedding has transformed into a global spectacle as Hollywood royalty descends upon Mumbai's Antilia. The Kardashian family, known for their reality TV empire, and WWE superstar-turned-actor John Cena are among the high-profile international guests gracing the event. Their presence adds a touch of Western glamour to the traditional Indian celebration, creating a unique fusion of cultures.
#AnantAmbaniWedding #ShubhVivah #MangalUtsav #Antilia #AnantRadhikaWedding #JioWorld #Oneindia #Oneindianews
~HT.178~PR.320~ED.101~
Watch John Cena's emotional retirement announcement from WWE, set for 2025. Cena reveals his plans for final appearances and historic moments on Monday Night Raw moving to Netflix.
#JohnCena #WWE #Retirement #RawOnNetflix #WrestleMania2025 #JohnCenaRetirement #JohnCenaRetire #JohnCenaSeries #JohnCenaWWE #Oneindia
~HT.97~PR.274~ED.194~
Featherwight world champion Amanda Serrano outclasses Stevie Morgan before YouTuber-turned-boxer Jake Paul beats former UFC fighter Mike Perry. BBC Sport
Jake Paul outlasted "Platinum" Mike Perry on Saturday ... defeating the Bare Knuckle FC and former UFC fighter via sixth-round TKO. Jake handled Mike for the.. TMZ.com
Everyone from Muhammad Ali, to Mike Tyson and Floyd Mayweather, have fought in the United States ... so when Eddie Hearn says the upcoming "Riyadh Season" event.. TMZ.com
Fight Between , Mike Tyson and Jake Paul , Officially Rescheduled .
'The Independent' reports that Mike Tyson's upcoming
fight against Jake Paul has been rescheduled for
November 15 at Arlington's AT&T Stadium in Texas.
'The Independent' reports that Mike Tyson's upcoming
fight against Jake Paul has been rescheduled for
November 15 at Arlington's AT&T Stadium in Texas.
The event will also host a championship bout between
welterweight champ Katy Taylor and challenger
Amanda Serrano in a highly-anticipated rematch.
The event will also host a championship bout between
welterweight champ Katy Taylor and challenger
Amanda Serrano in a highly-anticipated rematch.
Originally, the bout between 57-year-old
Tyson and the much younger Paul was
scheduled to take place on July 20.
That date was postponed after Tyson had a medical
issue regarding a flare-up of an ulcer problem
and was advised to delay the fight. .
In May, Tyson had a medical emergency
on a flight from Miami to Los Angeles
and needed medical treatment. .
Our team has worked diligently
with all parties involved to
reschedule this monumental fight
to a date that ensures both
Jake Paul and Mike Tyson
are fully prepared, .., Nakisa Bidarian, MVP co-founder, via 'The Independent'.
Our team has worked diligently
with all parties involved to
reschedule this monumental fight
to a date that ensures both
Jake Paul and Mike Tyson
are fully prepared, .., Nakisa Bidarian, MVP co-founder, via 'The Independent'.
... with equal training time,
as well as allowing us to keep
the event at AT&T stadium in the
midst of the Cowboys season, Nakisa Bidarian, MVP co-founder, via 'The Independent'.
Paul v Tyson is the most cross
generational sporting event in
history, and we are committed
to providing fans worldwide
with this unforgettable night of
boxing, live globally on Netflix, Nakisa Bidarian, MVP co-founder, via 'The Independent'.
Paul v Tyson is the most cross
generational sporting event in
history, and we are committed
to providing fans worldwide
with this unforgettable night of
boxing, live globally on Netflix, Nakisa Bidarian, MVP co-founder, via 'The Independent'.
'The Independent' points out that Paul is 30 years
younger than former heavyweight champion Tyson,
whose professional boxing career ended in 2005. .
'The Independent' points out that Paul is 30 years
younger than former heavyweight champion Tyson,
whose professional boxing career ended in 2005. .
We look forward to seeing
everyone on Friday November 15
for a showdown that will be talked
about for generations to come, Nakisa Bidarian, MVP co-founder, via 'The Independent'
Credit: Wibbitz Top Stories Duration: 01:31Published
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