3/10/2024 0 Comments Netflix price history![]() ![]() Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account We were in the top mobile game downloads for several weeks, which shows it was not only big for us, but big numbers for mobile gaming in general.” “The biggest download and engagement numbers that we’ve seen so far. “We’re stoked by the performance of GTA,” Peters said Tuesday. In December, Netflix launched three mobile-friendly games from Grand Theft Auto, one of the best selling video game franchises ever. The fourth quarter also saw a big expansion in Netflix’s video game offering. “We’re not interested in acquiring linear assets,” the company said in its letter. The company will also experiment with live awards show content, exclusively screening the Screen Actors Guild Awards in late-February.īut in a letter to shareholders on Tuesday, Netflix shot down any speculation that it plans to venture into the traditional cable TV space, which has experienced declines as more TV-watchers cut the cord and switch to streaming. In November, Netflix aired its first-ever live sports event, called “ The Netflix Cup,” a crossover competition between Formula 1 drivers and professional golfers. “This should also add some fuel to our new and growing ad business.” ![]() It feeds our desire to expand our live event programming,” he said. “Think of this as 52 weeks of live programming every year. On Netflix’s earnings call Tuesday, co-CEO Ted Sarandos said the WWE deal falls “right in the sweet spot of our sports business, which is the drama of sport.” The 10-year deal is valued at more than $5 billion, according to a company filing. Looking ahead to 2024, Netflix said it sees “big opportunities” to further improve its core TV and film content, while also broadening its offering into gaming, live entertainment and sports programming.Įarlier on Tuesday, Netflix announced that it had acquired the exclusive rights to air “WWE Raw” live, currently seen on Comcast’s USA cable network. Netflix, however, has recently made investments to diversify its business outside of scripted programming. Last year was turbulent for the entertainment industry as both writers and actors went on strike for several months. The company posted revenue of $8.8 billion for the fourth quarter but came short of Wall Street’s expectations for earnings-per-share at $2.11, according to Factset estimates. Netflix finished 2023 with 12% revenue growth, up from 6% growth in 2022. “We believe we’ve successfully addressed account sharing, ensuring that when people enjoy Netflix they pay for the service too,” it said. In Tuesday letter to shareholders, Netflix declared its password-sharing crackdown a success, as well. We’ve got the most engaged audience so we believe we’re well positioned to capture some of that ad spend that shifts from linear to streaming,” he said. On the company’s fourth-quarter earnings call, Netflix co-CEO Greg Peters said he had high hopes for Netflix’s ability to snatch ad dollars from traditional TV competitors. On Tuesday, Netflix sounded a positive note on its growing advertising business. In October, Netflix said it raised the price of its premium ad-free plan to $22.99 while its one-stream basic plan rose to $11.99.Įarlier this month, Amy Reinhard, Netflix’s president of advertising, said Netflix’s ad tier hit more than 23 million monthly memberships. The plan is significantly cheaper than Netflix’s ad-free offerings, at $6.99 per month in the US. In the past year, the company implemented several initiatives aimed at adding subscribers, including a password-sharing crackdown that pushed password “borrowers” into creating their own subscriptions and introducing an advertising-supported subscription tier for $6.99. Password sharing and Netflix’s foray into ads Overall, Netflix now has a record number of subscribers at 260.3 million.Īnd investors seem to be cheering: Netflix’s stock jumped more than 7% in after-hours trading Tuesday. While Netflix added 1.2 million paid subscribers in the fourth quarter in the US, much of the strongest subscriber growth came internationally from Europe and Asia. The company added more than 13 million subscribers for the quarter, compared to Wall Street’s expectation of 8.7 million. Netflix announced a major boost in sign-ups in the fourth quarter on Tuesday.
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