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%
A behind-the-scenes look at the fifth and final season of 'Stranger Things' just dropped! Netflix shared a new video that gives fans a first look at the show's cast and crew working on season five. While season five is the show's final season, there are additional 'Stranger Things' projects in the works, including: 'Stranger Things: The First Shadow' live on stage and an untitled animated spinoff series.
Credit: The Hollywood Reporter Duration: 01:57Published
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.
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'Beverly Hills Cop: Axel F' starring Eddie Murphy is just one of the original movies hitting Netflix in July. Here's what else is coming to and leaving the streaming platform throughout the month.
Credit: The Hollywood Reporter Duration: 01:35Published
Matt and Ben's latest team up is headed for Netflix! The streaming service has acquired the rights to 'RIP,' the thriller costarring Matt Damon and Ben Affleck. Damon and Affleck's production company, Artists Equity, is behind the project which is being directed by Joe Carnahan. Plot details for the film are still being kept under wraps but is aiming for a fall shoot.
Credit: The Hollywood Reporter Duration: 01:09Published
It's an SNL reunion. Will Forte is reuniting with his former 'Saturday Night Live' castmate Tina Fey for his next series role. Forte, is heading back to Netflix to join the cast of 'The Four Seasons' at the streamer. The series, based on the 1981 film of the same name, stars and was co-created by Fey. The cast also includes Steve Carell, Colman Domingo, Kerri Kenney-Silver and Erika Henningsen.
Credit: The Hollywood Reporter Duration: 01:00Published
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
Nikki and Brie Garcia say the restaurant industry got them ready for the ring ... claiming they learned all about confidence while slinging wings for.. 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
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World Wrestling Entertainment icon John Cena says he's calling it quits in 2025 after a momentous 20-year career. Cena ā who won the WWE championship belt a.. TMZ.com
Shawn Porter had the best seat in the house for Nate Diaz's scrap with Jorge Masvidal on Saturday, with the former boxing champ saying the Stockton star trained.. 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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