Netflix's TV demand share is predominantly driven by licensed programming. According to Parrot Analytics, from December 31, 2023, to July 13, 2024, licensed series consistently accounted for over 70% of Netflix's global TV demand, with original series making up less…
YouTube reported Q2 2024 advertising revenue of $8.66 billion, a 13% increase from $7.66 billion a year ago, though below Wall Street expectations of $8.93 billion. Despite a decrease from Q1's 20% growth, YouTube's ad business remains strong compared to…
Peacock lost 500,000 subscribers in Q2 2024, reducing its total to 33.5 million, but increased revenue to $1 billion, up 28% year-over-year. The streaming service also cut its quarterly losses to $348 million from $651 million the previous year. A…
Spotify reached 246 million paying subscribers in Q2 2024, a 12% increase year-over-year, surpassing guidance by 1 million. The company introduced a lower-cost ad-free plan and saw reduced churn with recent price increases. Monthly active users grew to 626 million,…
TelevisaUnivision's Q2 earnings were boosted by increased ad sales in the U.S. and Mexico. Ad revenue grew 6% to $785 million, with a 2% rise in the U.S. from streaming sponsorships and a 13% increase in Mexico for linear media.…
Apple is re-evaluating its spending on Hollywood projects due to industry-wide production losses. Eddy Cue, Apple’s senior vice president of services, is urging studio chiefs Zack Van Amburg and Jamie Erlicht to manage budgets more closely for Apple TV Plus.…
Netflix's second-quarter earnings report showed steady growth without major surprises, adding over 8 million subscribers to reach 277 million globally. Amid industry changes and competitors like Warner Bros. Discovery and Disney forming bundles, Netflix remains focused on enhancing its content…
Netflix's Q2 2024 profits surged 44% to $2.15 billion, driven by the addition of 8 million subscribers. The company's revenue increased by 17% year-over-year to $9.56 billion, surpassing analyst expectations. Netflix also reported significant growth in its ad-supported tier, which…
Warner Bros. Discovery (WBD) is reportedly considering a strategy to allocate the bulk of its $39 billion debt to its linear networks, allowing its streaming and studio businesses to operate with minimal financial burden. This move, reminiscent of Tribune Company's…
Tubi, the free, ad-supported streaming service, captured 1.8% of monthly television viewing across streaming platforms in May, tying with Disney+ and surpassing Max, Paramount+, and Peacock. Despite this success, Tubi CMO Nicole Parlapiano states that Tubi does not consider itself…
