Baseball season has just come to an end!
18.10.2023 - 20:37 / deadline.com
Netflix beat Wall Street expectations for earnings per share and subscriber growth in the third quarter, cheering investors (if not consumers) with news that a new round of price hikes is on the way.
The company matched the Street estimate for revenue in the period ending September 30, with $8.54 billion. EPS came in at $3.73 and total subscribers reached 247.15 million, a gain of 8.76 million.
Analysts had forecast an increase of 6 million subscribers and earnings per share of $3.49.
Netflix shares rose more than 10% in after-hours trading.
The company has been working to implement two key corporate initiatives in recent months: paid password sharing and advertising-backed subscriptions. Significant progress has been made on both fronts. Subscriber growth in the previous quarter handily beat expectations in large part because pricing options made it cheaper for those being asked to pay to share a password to sign up for the $7-a-month ad tier.
In its latest letter to shareholders, the company said subscriptions to the ad plan rose 70% on a sequential basis, and 30% of sign-ups are on the cheaper ad tier in the countries where it is available. Despite those positives, the letter noted the company has “more work to do to scale this business.” Former ad sales chief Jeremi Gorman exited the company last month after reports that initial take-up of the ad tier had been lighter than the company expected. Netflix vet Amy Reinhard was installed as Gorman’s replacement.
Netflix has opted to roll out price increases, though the Basic with Ads and Standard plans in the U.S. ($6.99 and $15.49 per month, respectively) are staying the same for now. The move keeps the leading service in step with the streaming field overall, where
Baseball season has just come to an end!
Bodies starring Stephen Graham has topped the Netflix UK charts this week.On Thursday (November 2), the crime thriller series was the most popular TV show on the streaming service in the UK. Based on the DC graphic novel, it follows four detectives across four different time periods as they attempt to solve a murder.The second most popular is Get Gotti, a documentary series which follows the FBI’s battle to bring down infamous mob moss John Gotti.Other shows in the top ten include Beckham, Mike Flanagan’s The Fall Of The House Of Usher and BBC documentary series Conviction.
Mobile phone customers on EE, O2, Three and Vodafone have been warned that they face a big price hike in the coming months, with some expected to pay as much as £120 more over the duration of their contract.
The Rolling Stones have become the first act to have top 10 albums in the United States in every decade since the 1960s.Their new album ‘Hackney Diamonds’ entered the Billboard 200 chart at Number Three this week (October 31), extending the band’s record as the artist with the most top 10 albums of all time, with 38 in total.In their home country, The Rolling Stones already held the record for the artist with number one albums in the most decades. In 2020, a re-issue of their 1973 album ‘Goats Head Soup’ reached the top spot, marking number ones in six separate decades, although they did not get a chart-topper in the 2000s in the UK.‘Hackney Diamonds’, which was released on October 20, also recently reached the top of the UK Albums Chart, their 14th Number One in all.
Weather experts have confirmed that snowfall is on the way for Scotland this week as temperatures begin to drop.
Friends star Lisa Kudrow is reportedly considering adopting Matthew Perry’s dog Alfred following his tragic death, sources claim. Matthew, who died on Saturday aged just 54, worked closely with Lisa, now 60, on the hit NBC show between 1994 and 2004.
like a gosh-darn shooting star in a three-piece gold suit on October 25, in a way that . On anyone else, this ensemble could have veered dangerously into cheesy game show host territory.The actor's drapey yet tailored suit consisted of a sharp blazer, vest, and wide-legged pants in the same rich gold fabric.
Netflix and India’s Yash Raj Films (YRF) will launch their first project together next month.
It has been nearly 20 years since Laguna Beach first premiered on MTV!
Chris Willman Senior Music Writer and Chief Music Critic Devo was, and is, the ultimate future-proof band. When they first entered the public consciousness in the late ‘70s, Mark Mothersbaugh, Gerald Casale and company seemed impossibly ahead of their time — in a primitive-futurist kind of way — and they still do. There’s very little that you could consider dated about the 50 cuts on their new career retrospective, “50 Years of De-Evolution 1973-2023,” since their worldview always kind of seemed to be trained on offering up dystopianism with a smile and a jacked-up synth-rock beat.
Brent Lang Executive Editor Eddie Redmayne and Gayle Rankin will bring some Weimar decadence to Broadway. The pair will star as The Emcee and Sally Bowles in a new and immersive production of “Cabaret.” The show, dubbed “Cabaret at the Kit Kat Club,” was a sensation when it debuted in London with Redmayne and Jessie Buckley. A Broadway transfer has been buzzed about almost as soon as the the production across the pond was first unveiled.
Based on Adrienne Shelly‘s 2008 film “Waitress” with Keri Russell, “Waitress: The Musical” is one of Broadway’s longest-running musicals in recent history. It ran for more than 1500 performances at the Brooks Atkinson Theatre, and returned for a limited engagement at the Ethel Barrymore Theatre after Broadway reopened after the COVID-19 pandemic in 2021. READ MORE: Fall Film Preview: 60+ Most Anticipated Movies To Watch Now, the hit show based on a movie gets the movie treatment itself, with “Waitress: The Musical” hitting theaters this December.
It’s hard to believe that it’s been over five years since New Girl ended!
Rudie Obias editor If you purchase an independently reviewed product or service through a link on our website, Variety may receive an affiliate commission. There are different TVs for different rooms in your home, but to really take your entertainment viewing up a notch, you’ll want to upgrade to a big screen TV.
A woman thought she had got in the way of ‘filming for Top Gear’ shortly before a collision which killed a biker, a trial has heard.
Fear the Walking Dead actor Sam Underwood has been arrested for felony domestic battery.
Leo Barraclough International Features Editor Canal+ Group chairman and CEO Maxime Saada, who was honored at Mipcom with the Variety Vanguard Award Monday, underscored how the experience of the past informs the company’s future strategy, which includes an emphasis on aggregation and a ramping up of in-house production. He also explained why he believes his company “owes so much to Netflix,” but fears Amazon and YouTube.
The Warner Bros. Discovery (WBD) Max streamer will launch in 22 European countries in spring 2024 and France and Belgium later next year, the media outfit revealed today.
Adam Sandler kicked off the fourth leg of his ongoing tour that began back in October 2022.This time around, he’ll perform 24 more shows at venues that he didn’t get around to earlier on the run including Rochester, NY’s Blue Cross Arena on Wednesday, Nov. 8.Appropriately, he’s calling these gigs the ‘We Missed You Tour.’At all shows, the “Happy Gilmore” star will perform his own unique hybrid of stand-up, music and storytelling.A special guest or two may drop in as well.
Dolly Parton has never shied away from being her most authentic self, no matter what anyone — even her family members — had to say. In an interview published with The Guardian