Netflix had their quarterly earnings call this week. The dollar details were just a little better than what the numbers finance nerds thought, and that’s an ongoing trend for Netflix. All financial targets were met or exceeded, and that’s good. 325 million global paid subscribers. Ad revenue is also up. Earnings per share were up. Revenue up. Nearly the only thing not up was the stock price, as Netflix is still working to close the Warner Bros deal, which apparently is a very divisive situation. I’m fond of the idea of a larger library, so long as Netflix uses it to deliver us even more content across the board, and not hide it away as a collector might secretly possess a Picasso and never show it to anyone. To be fair, Netflix has already indicated that the separate feeds will stay distinct for at least the foreseeable future, but how it evolves will be a key thing for us, the viewers.
Netflix this week amended its offer for Warner Bros. Discovery assets amid a Paramount Skydance hostile takeover attempt.
Source: Netflix posts narrow earnings beat, reports 325 million global subscribers
