Netflix added 7.05 million new streaming customers in the fourth quarter and ended 2016 with 93.8 million subscribers worldwide. As a result, Netflix stock jumped more than 8% in after-hours trading today, following the earnings release. Netflix earned 15 cents a share, up 50% year over year, on revenue of $2.48 billion, up 36%, in the December quarter, which exceeded analysts’ projections. Netflix added 1.93 million new US streaming video subscribers and 5.12 million new … [Read more...] about Netflix subs surge to 7.05m in Q4
Revenue
CASBAA Convention kicks off the first conference
Macau – The CASBAA Convention annual conference got underway at its exciting new venue, Studio City, Macau. This year marks the 25th anniversary of CASBAA which is dedicated to representing key players from the cable and satellite broadcasting industry under the motto ‘represent, inform, connect’. Today’s sessions looked at the deals being made in the industry today, as well as the tools to aggregate and measure audiences. As ever, content was hotly discussed, with a focus on how … [Read more...] about CASBAA Convention kicks off the first conference
Discovery Communications reports financial results
Silver Spring, Maryland - Discovery Communications’ third quarter revenues of $1,556 million were flat compared to the prior year, as 2% growth at U.S. Networks and 19% growth at Education and Other were offset by a 3% decline at International Networks, primarily due to currency effects. Adjusted Operating Income Before Depreciation and Amortization decreased 2% to $562 million, as 3% growth at U.S. Networks was more than offset by a 16% decline at International Networks, partially … [Read more...] about Discovery Communications reports financial results
