Netflix has topped this year’s list of distributors nominated for BAFTA film awards for the fourth year running with 21 nominations overall.
20.01.2023 - 00:15 / deadline.com
Netflix beat forecasts for subscriber gains for the fourth quarter and also edged revenue estimates, but pressure on earnings per share reflected broader challenges in the streaming business.
The company added almost 7.7 million subscribers during the fourth quarter, reaching 231 million globally. That was well ahead of Wall Street guidance. Revenue came in at $7.82 billion, a touch below Wall Street analysts’ consensus expectation for $7.85 billion. Earnings per share of 12 cents were well below the forecast of 45 cents. The company booked earnings per share of $1.33 in the year-ago quarter.
Along with the stats, the company announced that co-founder Reed Hastings would be passing the Co-CEO baton to Greg Peters. Hastings will become executive chairman. Peters had headed up product for Netflix before adding the chief operating officer title and then steering the company’s entry into advertising last fall.
The company had projected adding 4.5 million subscribers in the period. Even that projection, while it would mean Netflix would remain the pace-setter for global streaming with 227 million subscribers, would also have been the lowest growth in the holiday quarter since 2014.
Shares in Netflx, which went on a wild ride in 2022 as the company posted historic subscriber losses and made an abrupt decision to enter the advertising business, responded well to the earnings report. After selling off in the closing minutes of the trading day, shares rose almost 6% in after-hours trading.
MORE
Netflix has topped this year’s list of distributors nominated for BAFTA film awards for the fourth year running with 21 nominations overall.
Netflix, after pulling itself out of a grueling series of setbacks in the first part of 2022, will face another test Thursday afternoon when it reports fourth quarter financial results.
Sales are so good behind the Orange curtain that Netflix wants more from the Oppenheim brothers: It has renewed Selling The OC for two additional seasons.
Earlier today, Netflix unveiled its teaser trailer for all of the major film releases the streamer will debut in 2023. Yes, there were the usual suspects, folks like Kevin Hart, Adam Sandler, and Chris Hemsworth all have new projects coming to Netflix, per usual.
Netflix offered a first look at its 2023 slate of films on Wednesday, including a brand new thriller from David Fincher, a sci-fi epic from Zack Snyder, Chris Hemworth’s “Extraction” sequel, a Jennifer Lopez survival movie and an Adam Sandler/Jennifer Aniston comedy.Hemsworth will return in “Extraction 2” this summer on June 16, with Sam Hargrave back in the director’s chair for another action-fueled adventure.Fincher’s “The Killer” – which reunites the filmmaker with his “Seven” screenwriter Andrew Kevin Walker for a serial killer tale starring Michael Fassbender – won’t arrive until Nov. 10, so Fincher fans have awhile to wait.Ditto Zack Snyder’s next film, “Rebel Moon.” That project is a two-part space epic, with the first installment set as Netflix’s big holiday season release on Dec.
Netflix has unveiled its 2023 feature film slate, consisting of 49 titles.
Netflix, now with advertising to sell, has swooped in to take the traditional CBS slot capping off the traditional broadcast upfront week in May.
HBO Max is increasing its monthly price to $15.99 from $14.99 today, the first uptick in pricing since the streaming service launched in May 2020.
Netflix Animation had a strong slate of projects last year, including “The Sea Beast,” the criminally underseen “Wendell & Wild,” and “Guillermo del Toro’s Pinocchio.” So what animated projects hit the streamer this year? One of the first is “My Dad The Bounty Hunter,” a family adventure that spans the galaxy. READ MORE: The 70 Most Anticipated TV Shows & Mini-Series Of 2023 The upcoming follows a couple of siblings who sneak their way into their dad’s latest work trip, only to realize he’s a space bounty hunter in hot pursuit of a fugitive.
Netflix released its trailer today for the upcoming Reese Witherspoon-Ashton Kutcher romantic comedy Your Place Or Mine, providing some details to the plot of the love (or not) story.
EXCLUSIVE: Netflix has renewed Mo for Season 2,. It will be the praised comedy series last, brining Mo Najjar’s journey for asylum to a conclusion.
Netflix might not be in the live sports business but the streamer is certainly planning a lot of athletic content.
Another year, another massive slate of brand-new content on Netflix. So what does the streamer have in store for its subscribers this year? On the YA front, one of Netflix’s biggest showcases for 2023 is “Lockwood & Co.,” based on Jonathan Shroud‘s hit book series from the 2010s.
Netflix co-founder Reed Hastings has given $20 million to Minerva University, a school focused on educating what it describes as “new generations of wise leaders and purpose-driven entrepreneurs” from dozens of countries.
Kerry Washington (The School for Good and Evil) will exec produce and star in Six Triple Eight — the WWII drama that Tyler Perry is writing, directing and producing for Netflix, which has now entered production.
Nowadays, it appears the world of awards shows is in flux. The Golden Globes happened this year after controversy forced them away in 2022.