Tag: profitability

Philo now has 1.3 million paying subscribers, an increase of 300,000 from last year, and generated $450 million in revenue in 2024. The company expects to reach full profitability next year. To support growth, Philo hired Edward King, formerly of…

Spotify reported its first full year of profitability in 2024, with revenue rising 16% year-over-year to €4.2 billion and operating income reaching €477 million. Monthly active users grew 12% to 675 million, while subscribers increased 11% to 263 million.

Spotify paid a record $10 billion to the music industry in 2024, bringing its total payouts since 2006 to nearly $60 billion. The company estimates that over 10,000 artists now earn at least $100,000 annually on its platform, a significant…

SiriusXM has announced a $200 million cost-cutting initiative and a strategic pivot to focus on its core automotive subscriber base, which comprises 90% of its customers. The plan includes reallocating resources from high-cost streaming audiences to prioritize vehicle-based subscribers, enhancing…

The CW, has laid off over two dozen employees across its publicity and programming teams as it pivots to a more profitable focus on live sports and unscripted content. This restructuring aligns with Nexstar’s strategy to cut programming costs by…

The Wrap report reveals that major streaming companies like Netflix, Disney, and Paramount are expected to reach a record $126 billion in content investment this year, according to Ampere Analysis. This surge is largely directed towards streaming, with $40 billion…

Fubo’s Q3 2024 report shows 21% revenue growth in North America to $377 million, with a 9% rise in subscribers and a 2.5% increase in ARPU. Its new Channels business aims to boost profitability through 5-20% revenue shares and reduce…

Over at StreamTV Insider, Kirby discusses the growing frustration among media companies over platform taxes and the loss of customer control due to third-party platforms like Apple and Roku taking a share of revenue. Disney’s move to eliminate in-app billing…

We evaluate how Crunchyroll’s partnership with Bango taps into indirect channels like telcos and banking apps to fuel global subscriber growth. This bundling strategy lowers acquisition costs and positions Crunchyroll for "Super Bundling," offering a profitable path forward in the…

Warner Bros. Discovery CEO David Zaslav expects Max to gain over 6 million subscribers this quarter, driven by a new bundle with Disney+ and Hulu, along with international expansion. He discussed the company’s focus on key franchises like DC and…