Zion Tech Group

Tag: Subscriber

  • Netflix stock soars after subscriber growth blows away forecasts, company announces more price hikes


    Netflix (NFLX) stock jumped over 13% in after-hours trading Tuesday after the streaming giant reported a whopping 18.9 million users in the fourth quarter while revenue and earnings also handily beat expectations.

    The company also announced a $15 billion stock buyback and boosted its full-year revenue outlook. Netflix now projects 2025 revenue between $43.5 billion to $44.5 billion, ahead of the prior $43 billion to $44 billion range.

    The strong subscriber gains come as the streamer ended 2024 with two back-to-back NFL games, a successful “Jake Paul vs. Mike Tyson” boxing match, and the return of “Squid Game.” To that end, the company said price hikes will be hitting the service — which analysts had consistently teased heading into the print.

    “We are adjusting prices today across most plans in the US, Canada, Portugal and Argentina,” the company said in the release.

    The company is raising the price of its ad-supported plan to $7.99 from the prior $6.99. It’s Standard, ad-free tier will now be $17.99, up from $15.49, while its Premium plan will increase by $2 to $24.99. Users who want to add an extra member will now pay $8.99, an increase of $1.

    Wall Street had expected the streaming giant to report just 9.18 million subscribers after it secured 13.12 million paying users in Q4 2023. The company announced last spring it would stop reporting the metric at the start of this year.

    Revenue hit $10.25 billion in Q4, beating Bloomberg consensus estimates for $10.11 billion and marking an increase of 16% compared to the same period last year. Netflix guided to first quarter revenue of $10.42 billion, a miss compared to consensus estimates of $10.48 billion.

    Diluted earnings per share (EPS) also beat estimates in the quarter, with the company reporting EPS of $4.27, above consensus expectations of $4.18 and well ahead of the $2.11 EPS figure it reported in the year-ago period. Netflix guided to fourth quarter EPS of $5.58, below consensus calls for $6.01.

    Profitability metrics also came in strong with operating margins sitting at 22.2% in the fourth quarter and 27% for full-year 2024. Netflix expects Q1 operating margins to expand to 28.2%.

    Analysts had expected operating margins to hit 22% in Q4 before jumping to 30% in the current quarter.

    “Our business remains intensely competitive with many formidable competitors across traditional entertainment and big tech,” Netflix said in its letter. “We’re fortunate that we don’t have distractions like managing declining linear networks and, with our focus and continued investment, we have good and improving product/market fit around the world.”





    Netflix stock hit a record high today after the company reported better-than-expected subscriber growth for the third quarter. The streaming giant added 4.4 million new subscribers, far surpassing analysts’ forecasts of 3.8 million.

    Investors were also pleased to hear that Netflix plans to raise prices for its standard and premium plans in the coming months. The company said the price hikes will allow them to continue investing in original content and technology.

    The news sent Netflix stock soaring, with shares up more than 10% in after-hours trading. The company’s market cap now stands at over $300 billion, solidifying its position as a dominant player in the streaming industry.

    Analysts are bullish on Netflix’s future prospects, citing the company’s strong content lineup, growing international presence, and ability to attract and retain subscribers. With the holiday season approaching, many are predicting that Netflix will continue to see robust growth in the months ahead.

    Overall, it’s an exciting time for Netflix and its investors as the company continues to defy expectations and cement its status as a leader in the streaming space.

    Tags:

    1. Netflix stock
    2. Subscriber growth
    3. Forecasts
    4. Price hikes
    5. Netflix announcement
    6. Stock market
    7. Streaming services
    8. Financial news
    9. Technology stocks
    10. Investment opportunities.

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  • Netflix is raising prices after reporting largest-ever subscriber jump



    New York
    CNN
     — 

    Netflix announced Tuesday it will raise prices on most of its subscription tiers in the US and Canada after the streaming giant reported 19 million new subscribers in the last quarter of 2024.

    The jump in subscribers, Netflix’s biggest-ever, puts the streaming giant at 302 million globally, solidifying the company’s hold on the top spot in the industry.

    Netflix attributed the service’s success to the Mike Tyson and Jake Paul boxing match in November, which drew 108 million global viewers, making it the most-streamed sporting event ever. The streamer later hosted two Christmas Day NFL games, which averaged 30 million global viewers, making them the most-streamed football games in history.

    Subscriptions were also buoyed by the massive success of “Squid Game” season two, which is currently the streamer’s third-most-watched TV season.

    The price increases announced Tuesday will see the standard monthly membership without advertisements increase from $15.49 to $17.99, while a standard account with ads will rise one dollar to $7.99. Its highest-priced premium tier, which includes 4K video quality, will increase by $2 to $24.99.

    “As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix,” the company said in a letter to investors.

    Netflix also reported revenue increased 16%, exceeding $10 billion for the first time in the company’s history, while operating income totaled $2.3 billion, a 52% on-year increase.

    The company’s stock surged 13% on the news Tuesday afternoon.

    The earnings report marks the final time Netflix will report its paid membership figures on a quarterly basis, though the company has said it will continue to share key membership milestones as they happen.

    This is a developing story and will be updated.



    Netflix recently announced that it will be increasing its subscription prices after reporting its largest-ever subscriber jump in the first quarter of 2021. The streaming giant added a whopping 15.8 million new subscribers globally, far surpassing expectations.

    As a result of this surge in new users, Netflix has decided to raise its prices in certain regions to help fund its ever-growing content library and investment in original programming. While the exact price hikes have not been specified yet, subscribers can expect to see an increase in their monthly subscription fees in the coming months.

    Despite the price increase, Netflix remains a top choice for consumers looking for a wide variety of movies, TV shows, and original content. With an ever-expanding library and a commitment to delivering high-quality entertainment, Netflix continues to dominate the streaming market.

    So, if you’re a Netflix subscriber, be prepared for a slight increase in your monthly bill. But with the abundance of content and new releases coming your way, it may just be worth the extra cost.

    Tags:

    1. Netflix price increase
    2. Netflix subscriber growth
    3. Netflix subscription cost
    4. Netflix price hike
    5. Netflix subscriber increase
    6. Netflix pricing update
    7. Streaming service price increase
    8. Netflix subscription fee
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    10. Netflix user growth trends

    #Netflix #raising #prices #reporting #largestever #subscriber #jump

  • HP 718138-001 480GB SATA solid state drive (SSD) – 2.5-inch form factor, 6Gb per second transfer rate, Subscriber Connector (SC), value endurance (VE)

    HP 718138-001 480GB SATA solid state drive (SSD) – 2.5-inch form factor, 6Gb per second transfer rate, Subscriber Connector (SC), value endurance (VE)


    Price: $343.32
    (as of Dec 16,2024 19:52:24 UTC – Details)



    NEW-DRV SSD 480GB 6G 2.5 SATA VE SC Mfp Part No. : 718138-001


    Are you looking to upgrade your storage solution with a reliable and high-performance solid state drive? Look no further than the HP 718138-001 480GB SATA SSD.

    This SSD boasts a 2.5-inch form factor, making it compatible with a wide range of devices. With a lightning-fast 6Gb per second transfer rate, you can expect quick and efficient data access and transfer speeds.

    Equipped with a Subscriber Connector (SC) for easy installation and connectivity, this SSD is designed for convenience and ease of use. Additionally, it features value endurance (VE) technology, ensuring durability and longevity for your data storage needs.

    Upgrade your system with the HP 718138-001 480GB SATA SSD and experience improved performance and reliability. Don’t settle for anything less than the best when it comes to your storage solutions.
    #480GB #SATA #solid #state #drive #SSD #2.5inch #form #factor #6Gb #transfer #rate #Subscriber #Connector #endurance

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