Netflix shares slide on disappointing subscriber growth
5 years, 5 months ago

Netflix shares slide on disappointing subscriber growth

Live Mint  

San Francisco: Netflix shares plunged in after-hours trade on Wednesday after its quarterly update showed weaker-than-expected subscriber growth for the streaming television sector leader. "Netflix has a difficult road ahead with looming competition and the removal of popular content, but a strong content schedule in Q3 should draw many former subscribers back in," said eMarketer forecasting analyst Eric Haggstrom. WarnerMedia will launch its new Netflix rival "HBO Max" in early 2020 after reclaiming the rights to stream its popular television comedy "Friends," the company said Tuesday. Netflix last month made its first formal appearance at the annual Electronic Entertainment Expo, showcasing plans for video games based on hit original shows such as "Stranger Things." Netflix this year will also release a strategy game spinning off an original "The Dark Crystal: Age of Resistance" television series based on a dark puppet animated film from 1982.

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History of this topic

Netflix's Price-Hiking Dilemma: Will the Streaming Giant Raise the Price?
2 months, 3 weeks ago

Netflix's Price-Hiking Dilemma: Will the Streaming Giant Raise the Price?

Live Mint  

Netflix delivers strong third-quarter results, with an operating profit of $2.9 billion, exceeding Wall Street expectations. The company's stock rose 5% following the announcement, indicating a positive outlook despite some concerns about price hikes. While Netflix's ad-supported plan remains competitive, the company is exploring alternative revenue streams, including increased membership and the return of traditional advertising. Despite the challenges of …

Netflix’s subscriber and earnings growth on the rise as password-sharing crackdown pays off
5 months, 3 weeks ago

Netflix’s subscriber and earnings growth on the rise as password-sharing crackdown pays off

The Hindu  

Netflix’s subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup. Given that the competition in video streaming seems to be ramping up again, Investing.com analyst Thomas Monteiro called “the lowering of guidance an intelligent strategy for keeping excitement put …

Netflix’s subscriber and earnings growth gather more momentum as password-sharing crackdown pays off
5 months, 3 weeks ago

Netflix’s subscriber and earnings growth gather more momentum as password-sharing crackdown pays off

Associated Press  

Netflix’s subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup. Given that the competition in video streaming seems to be ramping up again, Investing.com analyst Thomas Monteiro called “the lowering of guidance an intelligent strategy for keeping excitement put …

Netflix’s recipe for success includes ‘secret sauce’ spiced with Silicon Valley savvy
7 months ago

Netflix’s recipe for success includes ‘secret sauce’ spiced with Silicon Valley savvy

Associated Press  

LOS GATOS, Calif. — Although its video streaming service sparkles with a Hollywood sheen, Netflix still taps its roots in Silicon Valley to stay a step ahead of traditional TV and movie studios. “It is a secret sauce for us, no doubt,” Eunice Kim, Netflix’s chief product officer, said while discussing the nuances of the ways Netflix tries to reel …

Will Netflix get into the TV news business? Here are the pros and cons
7 months ago

Will Netflix get into the TV news business? Here are the pros and cons

LA Times  

After embracing sports and commercials, is news the next step for Netflix? After diving into sports, news could be a logical next step for the company as it seeks to become viewers’ one-stop shop for TV viewing. These are not firm lines in the sand.” Still, veterans of the TV news business have some advice for Netflix: don’t do it. …

Netflix wants us to stop obsessing over subscriber numbers. What that says about the company
8 months, 2 weeks ago

Netflix wants us to stop obsessing over subscriber numbers. What that says about the company

LA Times  

If you run a streaming service and you want Wall Street analysts and investors to stop caring so much about your subscriber numbers, you have a couple of options. Instead, Netflix would prefer that the market judge its business based on metrics including sales and free cash flow, which is a better indicator of the company’s overall health. And if …

Netflix now has nearly 270 million subscribers after another strong showing to begin 2024
8 months, 3 weeks ago

Netflix now has nearly 270 million subscribers after another strong showing to begin 2024

Associated Press  

Netflix gained another 9.3 million subscribers to start the year while its profit soared with the help of a still-emerging expansion into advertising, but caught investors off guard with a change that will make it more difficult to track the video streaming service’s future growth. The strategy resulted in Netflix adding 30 million subscribers last year — the second largest …

Netflix’s gains 13M new global 4Q subscribers as it unwraps its best-ever holiday season results
11 months, 2 weeks ago

Netflix’s gains 13M new global 4Q subscribers as it unwraps its best-ever holiday season results

Associated Press  

SAN FRANCISCO — Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service and a smattering of price hikes. Netflix signaled it will try to justify the higher subscription prices — and perhaps reel in more advertisers to …

Netflix's subscriber growth surges as streaming service unwraps best-ever holiday season results
11 months, 2 weeks ago

Netflix's subscriber growth surges as streaming service unwraps best-ever holiday season results

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Netflix registered its third-consecutive quarter …

Netflix adds 9 million subscribers in third quarter despite Hollywood strikes
1 year, 2 months ago

Netflix adds 9 million subscribers in third quarter despite Hollywood strikes

LA Times  

A fighting scene from the Netflix series “One Piece,” which was released in the third quarter. Netflix added 9 million subscribers during the third quarter, the Los Gatos, Calif., streaming video giant said Wednesday, citing popular original shows and older licensed content, as well as the company’s crackdown on password sharing and its budding advertising business. During the third quarter, …

Netflix’s subscribers surge after password-sharing crackdown
1 year, 5 months ago

Netflix’s subscribers surge after password-sharing crackdown

Al Jazeera  

Streaming giant says it added nearly 6 million customers after restricting the sharing of accounts between households. Netflix has announced the addition of nearly six million new subscribers following its crackdown on password sharing. Both figures marked an improvement in Netflix’s fortunes compared with the first quarter, when the entertainment company reported 1.75 million new subscribers and a profit of …

Netflix’s subscriber growth surges in a sign that crackdown on password sharing is paying off
1 year, 5 months ago

Netflix’s subscriber growth surges in a sign that crackdown on password sharing is paying off

Associated Press  

SAN FRANCISCO — Netflix enjoyed its biggest springtime spurt in subscribers since the early days of the pandemic three years ago, providing the latest sign that a recent crackdown on password sharing and the rollout of a cheaper subscription option are paying off. Money manager Louis Navellier said Netflix now appears “locked and loaded” again after going through a turbulent …

Netflix expands password-sharing crackdown worldwide
1 year, 7 months ago

Netflix expands password-sharing crackdown worldwide

Deccan Chronicle  

SAN FRANCISCO: Netflix on Tuesday expanded its crackdown on users sharing passwords with people beyond their immediate family as it seeks to shore up revenue at the leading streaming television service. Netflix said early this year that more than 100 million households were sharing accounts at the service, "impacting our ability to invest in great new TV and films." As …

Netflix cuts DVD-rental business 25 years after it launched the company
1 year, 8 months ago

Netflix cuts DVD-rental business 25 years after it launched the company

Daily Mail  

Netflix is saying goodbye to physical DVDs 25 years after its mail service disrupted the movie rental industry irrevocably. 'Those iconic red envelopes changed the way people watched shows and movies at home — and they paved the way for the shift to streaming,' a Netflix statement reads. After 25 years, Netflix is saying goodbye to the feature that made …

Netflix to tighten restrictions on password-sharing
1 year, 8 months ago

Netflix to tighten restrictions on password-sharing

Live Mint  

Netflix is set to crack down on US customers who share their accounts with others, with plans to charge such users, in a move that could see an increase in growth in the latter half of the year. The streaming giant has been testing ways to reduce account sharing in Latin America, where it has already rolled out a plan …

Netflix reports a first-quarter burst in subscriber growth
1 year, 8 months ago

Netflix reports a first-quarter burst in subscriber growth

Associated Press  

SAN FRANCISCO — Netflix began the year with another burst in subscriber growth that eclipsed analysts’ projections for the third consecutive quarter, providing further evidence the video streaming service has regained its momentum after a jarring downturn in customers prompted a shake up. Although the subscriber increase was smaller than Netflix has historically reported for the first quarter, it was …

Netflix forecast misses Wall Street consensus, shares dip
1 year, 8 months ago

Netflix forecast misses Wall Street consensus, shares dip

Live Mint  

Netflix Inc added fewer new customers than Wall Street expected in the first quarter and offered a forecast below analyst estimates for the next three months as it delayed a broader launch of its password-sharing crackdown. Revenue and earnings for the first quarter, revealed in an earnings report on Tuesday, came in roughly in line with Wall Street expectations, according …

Netflix to end DVD-by-mail business. Execs explain ‘Love Is Blind’ snafu
1 year, 8 months ago

Netflix to end DVD-by-mail business. Execs explain ‘Love Is Blind’ snafu

LA Times  

Netflix’s DVD-by-mail service is coming to an end. “Our goal has always been to provide the best service for our members but as the business continues to shrink that’s going to become increasingly difficult,” Netflix co-Chief Executive Ted Sarandos wrote in a blog post. Popular Netflix series in the first quarter include action thriller “The Night Agent,” which has drawn …

Netflix Co-founder Hastings Steps Down as CEO as Company Adds Subscribers
1 year, 11 months ago

Netflix Co-founder Hastings Steps Down as CEO as Company Adds Subscribers

News 18  

Netflix Inc co-founder Reed Hastings said on Thursday he will step down as chief executive, handing the reins of the streaming service to longtime partner and co-CEO Ted Sarandos and the company’s chief operating officer, Greg Peters. ”But they’ve both managed incredibly well … so the board and I believe it’s the right time to compete my succession.” Hastings made …

Netflix targets global TV ad market as next business to disrupt
2 years, 2 months ago

Netflix targets global TV ad market as next business to disrupt

The Hindu  

Netflix Inc. upended the global entertainment industry about a dozen years ago with a streaming video service that rendered network television programming schedules and movie screening times all but irrelevant. Netflix Co-Chief Executive Reed Hastings said that insight dawned on him after listening recently to former Disney CEO Bob Iger describe traditional TV as marching toward a precipice. Chief Financial …

Netflix rebounds from recent subscriber losses with 3Q gain
2 years, 2 months ago

Netflix rebounds from recent subscriber losses with 3Q gain

Associated Press  

SAN FRANCISCO — Netflix reversed its recent subscriber losses with a summertime gain that management is hoping to build upon with the upcoming launch of a cheaper version of the video streaming service that will include ads for the first time. Netflix now boasts 223 million subscribers, enabling the company to at least temporarily reclaim the mantle as the world’s …

Some good news for Netflix, with subscriber gains in the third quarter
2 years, 2 months ago

Some good news for Netflix, with subscriber gains in the third quarter

LA Times  

After two consecutive quarters of subscriber decline, Netflix said its prospects look brighter for the second half of the year as it prepares to launch a cheaper streaming plan with ads. For the record: This story was updated to correct the number of hours people watched “Dahmer — Monster: The Jeffrey Dahmer Story.” In its third quarter, Netflix’s “Dahmer — …

Netflix sets $7 monthly price for its ad-supported service
2 years, 2 months ago

Netflix sets $7 monthly price for its ad-supported service

Associated Press  

SAN RAMON, Calif. — Netflix next month will unveil the first version of its video streaming service with ads, giving cost-conscious viewers a chance to watch most of its shows at a steep discount in exchange for putting up with commercial interruptions. Netflix’s ad-supported option will also be rolling out in Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, …

Netflix's post-Covid slump continues: Streaming giant loses almost ONE MILLION subscribers
2 years, 5 months ago

Netflix's post-Covid slump continues: Streaming giant loses almost ONE MILLION subscribers

Daily Mail  

Netflix shares remain at historic lows after the US streaming giant shed nearly one million subscribers during the Spring due to its 'woke' content and rampaging inflation hurting millions of cash-strapped families in Europe and North America. Netflix shed 970,000 subscribers in April-June 2022 Though shares rose around 7% after the April-June results were published, they are still 66% down …

Netflix reports largest quarterly loss of nearly one million subscribers
2 years, 5 months ago

Netflix reports largest quarterly loss of nearly one million subscribers

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Netflix has reported a loss of about 970,000 subscribers in the last quarter …

Netflix's tanking shares struggle to regain value after news 970,000 canceled subscriptions
2 years, 5 months ago

Netflix's tanking shares struggle to regain value after news 970,000 canceled subscriptions

Daily Mail  

Netflix could face further financial hardship after revealing its subscriber numbers had dipped by 970,000 in the second quarter - as it was further blasted over woke shows. But Netflix will face its first full day-of-reckoning when the markets open on Wednesday morning - and there's no guarantee the streamer won't see another share price slump. Meghan Markle's ill-fated project …

Netflix loses nearly 1 million subscribers. That's the good news
2 years, 5 months ago

Netflix loses nearly 1 million subscribers. That's the good news

NPR  

Netflix loses nearly 1 million subscribers. In fact, much of Netflix's Q2 report read like an attempt to assure investors and the media world it has learned a lesson from April's news, when the company announced a 200,000 subscriber loss — which sent their stock plummeting 37% in a day, leading to several rounds of layoffs and belt-tightening. But it's …

Netflix names Microsoft as partner for ad-supported subscription plan
2 years, 5 months ago

Netflix names Microsoft as partner for ad-supported subscription plan

The Hindu  

Netflix Inc said on Wednesday it has selected Microsoft Corp as technology and sales partner for its planned ad-supported subscription offering, as the streaming giant looks to plug slowing subscriber growth by rolling out a cheaper plan. Chief Operating Officer Greg Peters said in a blog post that Netflix chose Microsoft because of its ability to innovate, as well as …

Netflix in talks with Hollywood studios for new tier with ads
2 years, 5 months ago

Netflix in talks with Hollywood studios for new tier with ads

The Hindu  

Netflix Inc is looking to tweak its programming deals with Hollywood studios to enable the streaming pioneer's launch of an advertising-supported version of its service, the Wall Street Journal reported on Tuesday. The company has started talks with Warner Bros., Universal and Sony Pictures Television, the report said, citing people familiar with the matter. After losing subscribers for the first …

Netflix strikes deal with Microsoft to introduce advertising breaks
2 years, 5 months ago

Netflix strikes deal with Microsoft to introduce advertising breaks

The Telegraph  

Netflix has secured a deal with Microsoft to introduce advertising breaks for its streaming service as it scrambles to offset a fall in subscribers by offering a cheaper service for customers. The streaming giant has chosen Microsoft to be its global technology and sales partner and will provide ads through its platform, its chief operating officer Greg Peters said on …

Netflix partners with Microsoft on ad-supported subscriptions
2 years, 5 months ago

Netflix partners with Microsoft on ad-supported subscriptions

LA Times  

Netflix on Wednesday said it would partner with tech giant Microsoft to offer a cheaper ad-supported streaming subscription plan. Currently, Netflix offers commercial-free subscription plans that start at $9.99 a month in the U.S. A lower-priced, ad-supported plan would give consumers more options for their budget as Netflix competes with other streaming services like Hulu and HBO Max. “Microsoft has …

Netflix lays off hundreds of employees in second round of job cuts
2 years, 6 months ago

Netflix lays off hundreds of employees in second round of job cuts

Live Mint  

Netflix Inc said it laid off 300 employees, or about 4% of its workforce, in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers for the first time in more than a decade. "While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in …

Netflix sacks 150 staff as streaming giant records drop in profits and subscribers
2 years, 7 months ago

Netflix sacks 150 staff as streaming giant records drop in profits and subscribers

ABC  

Netflix on Tuesday said it had sacked about 2 per cent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. Key points: The majority of the 150 staff to be laid off are based in the United States The lay-offs come after the streaming giant recorded a drop to 221.6 million subscribers Netflix …

If You Don't Like Our Content, You Can Quit: Netflix To Employees
2 years, 7 months ago

If You Don't Like Our Content, You Can Quit: Netflix To Employees

News 18  

Netflix has told its employees that if they do not agree with its content, they can leave the streaming giant — a move that received a thumbs up from Tesla CEO Elon Musk. Netflix has updated its culture guidelines and added a section called “artistic expression” which details how the platform offers programming for many audiences, reports The Wall Street …

Has Netflix hit its peak? That might not be a bad thing
2 years, 8 months ago

Has Netflix hit its peak? That might not be a bad thing

Live Mint  

If Netflix stopped adding new shows to its endless lineup, how long would it take for us to notice? The story so far: Netflix has lost over 200,000 subscribers in the first three months of 2022, though one must note this comes with a big red asterisk: the service has disabled 700,000 subscribers from Russia following the conflict with Ukraine, …

Netflix crisis: Why the reports of its death are grossly exaggerated
2 years, 8 months ago

Netflix crisis: Why the reports of its death are grossly exaggerated

Firstpost  

The news that Netflix has finally fallen to earth after losing some 200,000 subscribers in the first quarter of this year and the subsequent slump in its share price has evoked two extreme kinds of reactions. Others have variously described Netflix’s troubles as a “moment of reckoning” and a “gut-wrenching moment” for an industry that until the other day was …

Layoffs at Netflix have some staffers questioning company strategy and culture
2 years, 8 months ago

Layoffs at Netflix have some staffers questioning company strategy and culture

LA Times  

At Netflix, it has long been known that an “adequate performance gets a generous severance package.” The Los Gatos, Calif., company views its roughly 11,300 employees as members of a pro-sports team, in which every player has to be a star performer, or else they’re gone, reflecting what the company calls a “keeper test.” “We’re a team, not a family,” …

Netflix and no chill: How the giant's loss of subscribers has shaken up the streaming industry
2 years, 8 months ago

Netflix and no chill: How the giant's loss of subscribers has shaken up the streaming industry

Firstpost  

Netflix’s performance could also cause rivals to reconsider their own international expansion plans, potentially making more targeted efforts overseas. “I would guess today they’re saying, ‘Maybe trees don’t grow to the skies.’” The media industry, worried about declining movie theater ticket sales and broadcast television ratings, has been reshaping itself on the fly to go all-in on streaming and compete …

Today’s Cache | Netflix bleeds
2 years, 8 months ago

Today’s Cache | Netflix bleeds

The Hindu  

Netflix’s first quarter results are out. The streaming giant lost 200,000 customers in the March ending quarter, the first time it has shed subscribers since 2011. The changes announced late Tuesday are designed to help the company regain momentum it lost over the past year, and hopefully assuage fears of the company’s shareholders. Reed Hastings, co-founder of Netflix, in his …

Netflix shares see sharp drop after it loses 200,000 subscribers - Here's why
2 years, 8 months ago

Netflix shares see sharp drop after it loses 200,000 subscribers - Here's why

India TV News  

Highlights Netflix suffered its first subscriber loss in more than a decade It's causing its shares to plunge 25% in extended trading The company’s customer base fell by 200,000 subscribers during the January-March period Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming …

Netflix rocked by subscriber loss, may offer cheaper ad-supported plans
2 years, 8 months ago

Netflix rocked by subscriber loss, may offer cheaper ad-supported plans

The Hindu  

Netflix Inc said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in more than a decade and predicted deeper losses ahead, marking an abrupt shift in fortune for a streaming company that thrived during the pandemic. "When we were growing fast, it wasn't a high priority to work on," Hastings …

Netflix To Soon Introduce Ads and Cheaper Subscription Plans, Know Details
2 years, 8 months ago

Netflix To Soon Introduce Ads and Cheaper Subscription Plans, Know Details

News 18  

After remaining free from ads and commercials for users, Netflix Co-CEO Reed Hastings has said the video streaming platform is now open to offering cheaper and ad-supported tiers in order to boost its subscriber base. On the commercials, Hastings during an earnings call on Tuesday said: “Those who have followed Netflix know that I have been against the complexity of …

Netflix may soon provide cheaper plans ‘with ads’ to get back lost subscribers
2 years, 8 months ago

Netflix may soon provide cheaper plans ‘with ads’ to get back lost subscribers

Hindustan Times  

Rocked by a huge loss of subscribers amid inflation and the war between Russia and Ukraine, leading online streaming platform Netflix has announced that it may offer cheaper plans that have This comes as the company reportedly lost 200,000 subscribers in its first quarter – the first such decline in a decade of its services – fuelled by growing competitors, …

Netflix shares drop 25% after service loses 200K subscribers
2 years, 8 months ago

Netflix shares drop 25% after service loses 200K subscribers

Associated Press  

SAN FRANCISCO — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. It’s the first time that Netflix’s subscribers have fallen since the streaming service became available throughout most of the world outside of China …

Netflix Shares Plummet As Service Loses 200K Subscribers
2 years, 8 months ago

Netflix Shares Plummet As Service Loses 200K Subscribers

Huff Post  

LOADING ERROR LOADING SAN FRANCISCO — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. It’s the first time that Netflix’s subscribers have fallen since the streaming service became available throughout most of the world …

Netflix suffers first subscriber loss in a decade
2 years, 8 months ago

Netflix suffers first subscriber loss in a decade

Al Jazeera  

Wall Street sent Netflix’s stock tumbling 26 percent after market hours, erasing about $40bn of market value. “And now we’re working super hard on it.” Confluence of events Netflix’s first-quarter revenue grew 10 percent to $7.87bn, slightly below Wall Street’s forecasts. “I don’t think any of us expected that all to happen at once.” The world’s dominant streaming service was …

Netflix’s world has been turned upside down as stock plunges 35%
2 years, 8 months ago

Netflix’s world has been turned upside down as stock plunges 35%

CNN  

New York CNN Business — Call Eleven and Sheriff Hopper of “Stranger Things,” because Netflix’s world has been turned upside down. “The world’s changed.” The question for Netflix — once the untouchable king of streaming — has gone from “what’s next?” to “what now?” “How do they turn the ship around?” Netflix said Tuesday that it lost 200,000 subscribers in …

Netflix’s share price tanks after it unveils plan for advertising
2 years, 8 months ago

Netflix’s share price tanks after it unveils plan for advertising

The Telegraph  

Netflix suffered a share price collapse after an unprecedented drop in subscribers prompted it to warn it is considering introducing advertising. In 2020 Reed Hastings, the company’s co-founder and chief executive, said he wanted Netflix to be a “safe respite” with “none of the controversy around exploiting users with advertising”. I don’t think we have a lot of doubt that …

Netflix shares drop 25% after it loses 200K subscribers
2 years, 8 months ago

Netflix shares drop 25% after it loses 200K subscribers

The Hindu  

Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. It’s the first time that Netflix’s subscribers have fallen since the streaming service became available throughout most of the world outside of China six years ago. …

Netflix stock plunges after subscriber losses
2 years, 8 months ago

Netflix stock plunges after subscriber losses

CNN  

New York CNN Business — Netflix’s bad 2022 just got muchworse. In its letter to investors, the company said that since it launched streaming in 2007, the company has “operated under the firm belief that internet-delivered, on demand entertainment will supplant linear TV,” But, it added, in the near term “we’re not growing revenue as fast as we’d like.” Netflix …

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