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Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B — LOS ANGELES — Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow.
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Netflix, Los Angeles Times, Light Reading, Sarah Whitten on LinkedIn, StreamTV Insider, Thurrott, @lucas_shaw, Axios, Neowin, Deadline, AdExchanger, @carnage4life@mas.to, The Streamable, Variety, Quartz, Forbes, Benzinga, The Verge, Wall Street Journal, Yahoo Lifestyle, Deadline, The Hollywood Reporter, New York Times, Business Insider, Bloomberg and Barron's Online, more at Techmeme »
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Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available — Netflix (NFLX.O) picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million …
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Barron's Online, Euronews, The Media Leader, Advanced Television, Observer, Forbes, The Times, @reutersbiz, Adweek, RTÉ, Entrepreneur, Associated Press, The Wrap, The Desk, IndieWire, Reuters, Bloomberg, Capital Brief, TVNewsCheck and Deadline, more at Techmeme »
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Netflix forecasts 2025 revenue of $43B-$44B, which would be 11%-13% higher than its 2024 guidance, and targets a 2025 operating margin of 28% vs. 27% in 2024 — Netflix is expecting to keep growing revenue at double-digit percentages in 2025. — In reporting Q3 2024 results that beat analyst forecasts …
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Hobbyists post the code for Redbox kiosk software online, and tinkerers have been probing how it works, sometimes repurposing abandoned machines to run Doom — The code that runs Redbox DVD rental machines has been dumped online, and, in the wake of the company's bankruptcy …
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Inside the inaugural Culver Cup, a generative AI film competition sponsored by AWS and FBRC.ai giving filmmakers AI tools and three weeks to submit a short — Amazon is hosting AI filmmaking competitions. Meta is letting directors test Movie Gen. As tech companies develop new tools …
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LinkedIn woos publishers, testing a “News Banner” on its mobile app feed and a video ad program that sources say will earn Bloomberg and WSJ $2M+ each in 2024 — As Facebook owner Meta Platforms has backed away from news, Microsoft's LinkedIn has leaned into it.
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A year after its launch, The Guardian's European edition generates 15% of the company's pageviews, and one-time donations from European readers increased by 45% — After the launch of Guardian Europe, one-time donations from European readers increased by 45%.
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Tegna and Dallas Mavericks announce that six Tegna TV stations will join eight stations owned by others to air games to ~14M people in Texas, starting Oct. 26 — Eight stations join the six owned by Tegna to create one of the largest sports franchise footprints assembled by a local broadcast group.
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Source: Sputnik no longer broadcasts around Washington, DC, or Kansas City, MO, after the State Department imposed new sanctions on Russian-backed broadcasters — Radio stations in two markets will be dropping their affiliation with Russia-backed programming distributor Sputnik by the end of the week, The Desk has learned.
Discussion:
Voice of America, Radio & Television … and Inside Radio
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The FCC proposed a $147K fine against Disney's ESPN after the network used Emergency Alert System tones in promotional spots in 2023; ESPN can appeal — The Federal Communications Commission (FCC) has proposed a $147,000 fine against the Walt Disney Company's ESPN after the sports network …
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Breitbart, @fcc, Inside Radio, Front Office Sports, RADIO ONLINE, UPI, FCC, The Register, Awful Announcing, Cord Cutters News, Engadget, Variety, TVNewsCheck, Reuters, Fox News and Radio & Television …
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The US Supreme Court revives the case of citizen journalist Priscilla Villarreal, who is suing Texas officials for her arrest over asking questions of police — Priscilla Villarreal's case is about whether certain reporters have more robust free speech rights than others.
Discussion:
CNN, @billybinion, @billybinion, @billybinion, @billybinion, @billybinion, @billybinion, Fox News, Associated Press, RedState, NPR, Reuters and r/Journalism
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Memo: Google will block US election ads after the polls close on November 5 to prevent misinfo about voting, including candidates prematurely claiming victory — - Google is implementing the policy “out of an abundance of caution and to limit the potential for confusion …