Latest in subscriber numbers

Netflix said today it will stop reporting quarterly subscriber numbers starting in 2025, a huge change for the giant streamer whose stock tends to get buffeted up or down (mostly up lately) by those numbers. In a letter to shareholders along with first-quarter earnings, the company said it’s now focused…

Netflix CFO Spencer Neumann addressed the decision to pull out of Russia and pushed back a bit less firmly on the notion of advertising being introduced to the service than other top execs have historically. “Never say never,” the executive said about the idea of a cheaper, ad-supported tier, “but it’s not in our…

UPDATED: One of the three former Netflix software engineers charged with insider trading by the Securities and Exchange Commission has pleaded guilty. Sung Mo Jun, 49, and his brother Joon Jun, 45, pleaded guilty today in U.S. District Court in Seattle to securities fraud stemming from their roles in an insider…

Emphasizing its surge in growth internationally as its domestic business settles into a more sedate pattern, Netflix released three years of revenue and subscription figures Monday. More than half of the company’s 158 million global subscribers and 90% of its growth is coming outside of the U.S. at this point. Europe…

For all of its flash and prestige as a brand, Netflix as a business has had its ups and downs in recent quarters, with turnover in the C-suite and increasing debt obligations raising some concerns. After peaking last June at $423.21, its stock ended 2018 well below that mark, just shy of $300. When the company reports…

Hulu added 8 million subscribers in 2018 to end the fiscal year with more than 25 million total subscribers across its subscription on-demand and live TV services. The company, which will soon be controlled by Disney after years of equal ownership shared by majority stakeholders Disney, NBCUniversal and Fox, has seen…

Lionsgate exceeded Wall Street forecasts for revenue in its fiscal second quarter, racking up $901 million, but saw profits hurt by charges related to shareholder litigation. On an adjusted diluted basis, earnings per share came in at 22 cents, which was also better than Wall Street estimates. But a net loss in the…

FuboTV, whose skinny-bundle TV service predates those launched by DirecTV, Dish, Hulu and YouTube, is not quite as big as those heavier-marketed offerings. This morning, though, the company announced it is now approaching 250,000 subscribers and has set company records in key financial metrics such as time spent and…

UPDATED with closing price: Divergent opinions about Netflix’s prospects continue to ricochet around Wall Street in the wake of the company’s second-quarter earnings miss, but investors today could sum up their feelings in a single word: sell. The company’s shares, which had surged nearly 110% in 2018, imputing a…

In their quarterly video conference moderated by a single Wall Street analyst — in this case, Todd Juenger of Sanford Bernstein — Netflix execs shrugged off the company’s disappointing second-quarter results. “The fundamentals have never been stronger,” CEO Reed Hastings said, citing record levels of viewing and…

In a quarterly presentation ritual that has come to resemble the unveiling of a new Apple device in its blend of high-tech and get-rich anticipatory fever, Netflix will release its third-quarter earnings on Monday after the closing bell. Wall Street will be watching, as always, for subscriber numbers. Last quarter’s nu…