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  • Netflix profits surge as streaming service adds 9.3m subscribers in latest quarter

    Company says ‘we’re off to a good start in 2024’ as net income jumps 79% to $2.3bn, beating analysts’ expectations Profits at Netflix have surged as the world’s largest streaming service added millions of new paying subscribers.The entertainment giant added 9.3 million subscribers in the latest quarter – more than expected by analysts on Wall Street – leaving it with a record 269.6 million worldwide. Continue reading

  • Spotify swings to profit; paying subscribers rise

    Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter. The company posted a "new quarterly high" operating profit of 168 million euros ($179 million) -- a turnaround from a loss of 156

  • Netflix Subscriber Base And Revenue Spike in Q1

    The storyline is playing out nicely for Netflix. The streaming company reported its latest earnings on Thursday (April 18), with Wall Street keeping a close eye on expected revenue and subscriber growth resulting from its recent password-sharing crackdown. But no one expected the dramatic results it delivered: Netflix ended the first quarter with 269.6 million paying […]