Netflix gained 9.3 million subscribers this year as it adjusts streaming strategy
CNN
Netflix, the dominant player in streaming, says it grew sales, profits and added more than 9 million subscribers as it revealed first-quarter results on Thursday.
Netflix, the dominant player in streaming, says it grew sales, profits and added more than 9 million subscribers as it revealed first-quarter results on Thursday. Last year, Netflix made a particularly risky bet by pushing users who share passwords to create their own accounts — but it has paid off. In total, Netflix now has 269.6 million subscribers, a record high. “It added more subscribers than many analysts, myself included, expected,” said eMarketer senior analyst Ross Benes. “This signals that password sharing was even more common than previously thought as Netflix keeps converting freeloader viewers into paid users.” While the subscriber additions topped Wall Street’s estimates, the company still reported a drop in growth from its blowout fourth-quarter report, when Netflix added 13 million subscribers. Netflix announced Thursday that it plans to stop sharing its quarterly subscriber numbers in 2025. The company also reported $9.37 billion in revenue and earnings per share of $5.28 for the first quarter, beating Wall Street’s estimates, according to FactSet. However, the stock, which has been a darling of Wall Street this year, fell in after-hours trading.
Last-minute errands always seem to pop up on Christmas and Christmas Eve, whether it’s buying a quick present or picking up one last ingredient.
King Charles III has ended royal warrants for Cadbury and Unilever, which owns brands including Marmite and Ben & Jerry’s, in a blow to the household names.
While businesses across the US are fretting that President-elect Donald Trump’s threat of new tariffs could mean a massive hit to their bottom lines, at least one industry is gearing up for the exact opposite.
Back in 2022, when the labor market was so hot that Beyoncé even released a song about it, Americans were job hopping in large numbers, boosting their salary in the process.
Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after.
Rupert Murdoch’s News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for 3.4 billion Australian dollars ($2.1 billion) including debt, cutting the media empire’s exposure to a business upended by streaming platforms.
Japanese automakers Honda and Nissan have announced plans to join forces, forming world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.
The strike protests a lack of contract negotiations, including wage increases for union baristas.
This year was brutal for a number of well-known companies, including Red Lobster, True Value and Big Lots.
Last-minute holiday shoppers may want to give their digital carts a hard look, as Amazon workers remain on strike on the final weekend before Christmas.
Campaigners have accused Facebook parent Meta of inflicting “potentially lifelong trauma” on hundreds of content moderators in Kenya, after more than 140 were diagnosed with PTSD and other mental health conditions.