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Netflix Gains 8 Million Global Subscribers Amid Price Hikes and Push to Ad-Supported Streaming
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I pay nothing for Netflix because it’s included with my T-Mobile cell plan.
And I suspect that’s where a lot of their subscriber growth is coming from…telcos.
The crackdown was wisely nuanced… I think the strategy is to annoy you… you eventually will be asked for a code that is sent to her if you don’t watch from her IP address once a month… that kind of strategy gets rid of ex partners etc pretty cleverly
Nothing on Netflix is worth paying that ridiculous cost. People used to complain about the cost of cable … we’re way past that, now.
Pay to own a television or break into your neighbor’s house and steal theirs.
Ridiculous that the legal way gets you less value.
After something like 21 years with Netflix, I’ll drop it if they ever have no option for no ads. I will not do ads.
I don’t have an active subscription to Netflix at the moment but come Stranger Things or Arcane I will probably just go with the ad-tier.
If I watched a lot of things very often on that platform I would probably prefer ad-free. I pay for ad-free YouTube for example but I’m over there all of the time.
Not upset. I work in the business and prefer getting paid.
If I watched a lot of things very often on that platform I would probably prefer ad-free. I pay for ad-free YouTube for example but I’m over there all of the time.
Not upset. I work in the business and prefer getting paid.
The ONLY reason I keep a Netflix subscription is cause my family uses it. Otherwise, I would have been canceled.
Do they? I thought Netflix still generated more revenue than YT.
Although this feeling may be diminishing a bit in the freeware/freemium world we now live in, a perception has long been that free content means lower quality content. For that reason, some streaming services like Disney+, Max, Netflix, etc. may be hesitant to go free.
It's almost like the excess value being left on the table during the early cord-cutting era of cheap ad-free subscriptions was too good to ever last. Now we're slowly migrating back to pay-for-ads like we had with cable, except now you have to pay for every channel. 🤣🤣
The irony is that many of the early critics saw this coming.
Why do people put up with these companies. I just dont get it, Oh wait, don't ever underestimate stupid people in numbers.
Here’s how the company performed for the period ended June 30, compared with Wall Street expectations:
- Earnings per share: $4.88 vs $4.74 per share expected by LSEG
- Revenue: $9.56 billion vs.9.53 billion expected by LSEG
- Total memberships: 277.65 million global paid memberships vs. 274.4 million expected, according to StreetAccount
Netflix said it now expects full-year reported revenue growth of 14% to 15%, compared with previous guidance of 13% to 15%.
The company reported net income of $2.15 billion, or $4.88 per share, up from $1.49 billion, or $3.29 per share, during the second quarter of 2023.
Netflix’s global paid memberships rose 16.5% year over year to 278 million. This marks one of the last updates Netflix will release regarding its membership numbers.
Last quarter, the company warned investors it would stop providing quarterly membership numbers or average revenue per user beginning in 2025, noting the company is “focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction.”
I actually made a mistake, Netflix's generated revenue is slightly higher than YouTube. Very narrow difference the last few years, like $31 vs $29 billion. But it shows that model works.
According to Macrotrends:
Netflix gross profit for the quarter ending March 31, 2024 was $4.393B, a 30.84% increase year-over-year.
Netflix gross profit for the twelve months ending March 31, 2024 was $15.043B, a 23.08% increase year-over-year.
Netflix annual gross profit for 2023 was $14.008B, a 12.54% increase from 2022.
Netflix net income for the quarter ending March 31, 2024 was $2.332B, a 78.7% increase year-over-year.
Netflix net income for the twelve months ending March 31, 2024 was $6.435B, a 53.23% increase year-over-year.
Netflix annual net income for 2023 was $5.408B, a 20.39% increase from 2022.
Having a paid streaming VoD subscription is just the same as anything else you pay for as far as entertainment. Each business offers different content, and they certainly are not going to please everyone. You're less likely to criticize the free sites but they still are likely to be ad based now. Example Tubi. If for your locations your OTA TV broadcast content is meager, and you find going to the theater way too expensive then VoD subscriptions are not that expensive to utilize compared to those TV bundled utilities in many countries. It amazing you ditch the old cable/satellite TV provider companies and you can really afford two or more subscriptions. Not everyone is that discerning for content either, in spite of Netflix content lacking at times, its a lot better then OTA broadcasters that gave up on a lot of shows, movies and went to mostly reality based content. One network I won't name has nothing but so so game shows most of the day, thats very boring.
Different models work for different companies. There are actually several streaming services that offer ad-supported free content but that doesn't necessarily mean it is the best path for Disney+, Max, Netflix, etc.
For now.
I do like this about Amazon and wish Apple would quit de-emphasizing it. It's cheaper and better to buy the few things you really want to watch rather than pay every month for a collection of streaming slop with one cherry on top, which is how most streaming services are these days. There are way too many.
They always say this, and all these crappy companies say this kind of thing whenever they do something no ones going to be happy about. Everyone loves our higher prices so much membership skyrocketed!
Did it? Did it really, or did you find some technically legal but convoluted way of looking at expectations and real vs projected losses and counting it as a win?
I don’t trust any of these companies as far as I can throw them.
Did it? Did it really, or did you find some technically legal but convoluted way of looking at expectations and real vs projected losses and counting it as a win?
I don’t trust any of these companies as far as I can throw them.
Not bringing anything cogent with that are we?
If someone steals a car radio the original owner is left without a radio and likely a repair bill.
When someone pirates a movie. The original file/copy is still intact. Accessible to the owner and sellable to millions of other people.
That’s too logical for some around here (but I tried making that point too)
Just because they do doesn’t mean they should or that people should just accept it.