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Netflix to crack down on password sharing in U.S.

Published

8 months ago

April 20, 2023

ticker NEWS

The streaming company may have beaten earnings estimates, but faces a tough outlook ahead

Netflix showed why it faces a big challenge in its pursuit of growth.

The streaming giant cheered investors with news it beat Wall Street estimates for the first quarter.

But that excitement eased off when it offered a lighter-than-expected forecast.

That led to shares dropping more than a tenth in after-hours trading before recovering.

Revenue hit almost $8.2 billion over the quarter in a quarter where the company saw shows like ‘Beef’ become a hit series with critics and viewers.

And while Netflix added 1.75 million subscribers from January through March, that missed analyst estimates of more than 2 million new sign-ups.

It adds to the argument the streaming video leader faces signs of market saturation.

It has looked for new ways to make money, which includes a crackdown on password sharing, and a new ad-supported service.

Netflix says it had pushed its plan to expand the clampdown on unsanctioned password sharing into the second quarter to make improvements to the new measures.

It said this would delay some of the financial benefits that would come from it.

Netflix said the crackdown would now begin in the U.S. during the current quarter.

Investors were not overjoyed by its outlook for the coming period.

It forecast just over $8.2 billion in revenue – below Wall Street estimates of almost $8.5 billion.

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December 8, 2023

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American Express reveals Australian homeowner bill payment insights

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Global radio market hits staggering $143 billion valuation, cementing audio industry’s dominance

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The podcast market has surged to an impressive worth of $18.52 billion, showcasing a compound annual growth rate of 27.6%.

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Nick Kyrgios shocks fans with surprise OnlyFans announcement

Published

19 hours ago

December 8, 2023

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Tennis sensation Nick Kyrgios sent shockwaves through the sports and entertainment world today as he revealed a surprising career move.

The Australian athlete, known for his fiery on-court antics and charismatic personality, has announced his entry into the world of OnlyFans, a platform typically associated with adult content creators.

In an unexpected turn of events, Kyrgios took to social media to share the news with his followers. He stated, “I’ve always enjoyed pushing boundaries and breaking the mold. I’m excited to announce that I’ll be joining OnlyFans to share exclusive content and connect with my fans in a new way.”

The announcement has left fans and pundits alike wondering what kind of content Kyrgios will be sharing on the platform.

The decision has sparked a debate about the intersection of sports and social media, as well as the evolving landscape of content creation.

Some fans are eagerly anticipating behind-the-scenes glimpses of Kyrgios’s life, while others are questioning the potential impact on his professional tennis career.