Latest in Netflix Earnings

"We want nothing more than to resolve this and get everyone back to work," declared Netflix's Ted Sarandos at the top of the streamer's Q3 earnings video call Wednesday, exactly a week after talks with the actors guild ceased, for now. "That’s true for Netflix. That’s true for every member of the AMPTP,"…

Netflix said today it’s raising prices on some of its plans in the U.S., U.K and France with the Premium subscription Stateside now set at $22.99 a month, up from $19.99. The Basic plan (which is being phased out and is no longer available to new members) will now cost $11.99 from $9.99 "While we…

Negotiations between the studios and the striking actors guild may have come to a sudden halt last week, but according to Netflix today everyone is still talking – even when they aren’t. "The last six months have been challenging for our industry given the combined writers and actors strikes in the…

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…

Wall Street reviews of Netflix' latest earnings ranged from upbeat to more cautiously optimistic, with the latter taking hold today after a major jump in net new subscribers failed to ignite sales last quarter. Asked why, co-CEOs Ted Sarandos and Greg Peters and CFO Spencer Neumann said they expect a…

Netflix added 5.9 million global subscribers, reaching 238.3 million, with password sharing pushing subscribers to the months-old $7-a-month plan with advertising. Earnings per share of $3.29 exceeded Wall Street analysts’ consensus forecast of $2.86, while total revenue came in a bit light at $8.2…

While the 74-day-old WGA strike has been an “annoyance” for entertainment companies, in the view of one Wall Street analyst, the SAG-AFTRA walkout will be “much more disruptive.” Tim Nollen, a veteran media analyst with Macquarie Equity Research, issued a note to clients today on the impact of the…

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 230.75 million globally…

Netflix co-CEO and chief content officer Ted Sarandos tossed cold water on hopes that the streamer’s recent deal with major cinema chains for Glass Onion: A Knives Out Mystery could be the start of something bigger. "We are in the business of entertaining our members with Netflix movies on Netflix…

Netflix said Tuesday that its closely watched paid membership number is becoming "just one component" of total revenue growth, so starting in the fourth quarter it will stop offering forward-looking subscriber forecasts. Shares of Netflix – and other streamers – are highly sensitive to subscriber adds, or…

Netflix executives see content spending of about $17 billion in 2021 lingering there through 2023. It’s the latest shift for the giant streamer that’s always been gung-ho about spending and was seen as nosing up to the $20 billion range. But as part of an overall industry rethink — and its own — CFO Spencer Neumann…

Shares of Disney, Paramount, Warner Bros. Discovery all closed higher and continued to gain in after-hours trading when Netflix, the dominant streamer, lost fewer subscribers in the June quarter than it said it would. Netflix clearly led media shares as its battered stock surged nearly 6% during the session and gained…