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Subscriber Additions

All articles tagged with #subscriber additions

business2 years ago•3 min saved

"Netflix Surpasses Revenue Estimates with Soaring Subscriber Growth"

Netflix's fourth-quarter subscriber additions surged to 13.12 million, surpassing its own forecast, while revenue beat Wall Street estimates at $8.83 billion. The company reported strong operating margins and free cash flow, and guided to first quarter revenue of $9.24 billion. Netflix also announced a new partnership with WWE to bring Raw to its streaming service, marking its first big venture into live sports entertainment. Additionally, Netflix film chief Scott Stuber will exit his position in March.

via Yahoo Finance|

#ad-supported-tier #business #netflix

business2 years ago•1 min saved

AT&T Surpasses Expectations with Strong Earnings and Subscriber Growth

AT&T exceeded expectations for second-quarter free cash flow, reporting $4.2 billion compared to estimates of $3.60 billion, thanks to cost-cutting measures and attracting wireless subscribers with cheaper plans. The company achieved its $6 billion cost-cutting goal ahead of schedule and plans to target another $2 billion-plus over the next three years. AT&T added 326,000 postpaid phone subscribers in Q2, a 60% decrease from the previous year, as growth in the US telecom market slowed due to the pandemic. Revenue rose 0.9% to $29.9 billion.

via CNBC|

#atandt #business #cost-cutting