Netflix forecasts 2025 revenue of $43B-$44B, which would be 11%-13% higher than its 2024 guidance, and targets a 2025 operating margin of 28% vs. 27% in 2024 (Todd Spangler/Variety)

Mediagazer: Netflix forecasts 2025 revenue of $43B-$44B, which would be 11%-13% higher than its 2024 guidance, and targets a 2025 operating margin of 28% vs. 27% in 2024 (Todd Spangler/Variety)

Top News:

CNBC:

Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B— LOS ANGELES — Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow.
Discussion: Netflix, Los Angeles Times, StreamTV Insider, The Streamable, Variety, The Wrap, IndieWire, Reuters, New York Times, Business Insider, Deadline, The Times, RTÉ, Quartz, Forbes, Benzinga, The Verge, Wall Street Journal, Yahoo Lifestyle, Deadline, The Hollywood Reporter, Entrepreneur, @lucas_shaw, Barron's Online and Bloomberg, more at Techmeme »

Discussion:
Netflix: Fellow shareholders — In Q3, revenue grew 15% year over year and operating margin was 30% vs. 22% last year.

Samantha Masunaga /
Los Angeles Times: Netflix adds 5 million subscribers and beats Wall Street's profit expectations

Bevin Fletcher /
StreamTV Insider: Netflix reports revenue, subscriber growth in Q3

Jennifer Maas /
Variety: Netflix Adds 5 Million Paid Subscribers in Q3 to Reach 282 Million Globally

Lucas Manfredi /
The Wrap: Netflix Profits Surge 41% in Q3 to $2.36 Billion as Streamer Adds 5 Million Subscribers

Tony Maglio /
IndieWire: Netflix Added 5 Million Subscribers This Summer

Nicole Sperling /
New York Times: Netflix Adds 5 Million Subscriptions in Quarter

Alex Bitter /
Business Insider: Netflix beat expectations yet again

Louisa Clarence-Smith /
The Times: Netflix beats expectations with 5m new subscribers

Bruce Gil /
Quartz: Netflix is making ads a ‘priority’

Lindsey Choo /
Forbes: Netflix Earnings: Stock Climbs As Streaming Giant Beats Expectations—But Subscriber Growth Slows

Chris Katje /
Benzinga: Netflix Q3 Earnings: Revenue Beats, EPS Tops, Q4 Guidance Projects Subscriber Boost From ‘Squid Game,’ NFL, And Boxing

Jessica Toonkel /
Wall Street Journal: Netflix Subscriber Growth Slows Amid Revenue Gains

Alexandra Canal /
Yahoo Lifestyle: Netflix earnings, subscriber growth top estimates as investors eye potential price hikes

Sherin Shibu /
Entrepreneur: Is Netflix Raising Prices? Analysts Predict Yes as Company Posts Earnings

Lucas Shaw /
@lucas_shaw: New: Netflix added about 5 million customers last quarter and beat Wall Street forecasts on pretty much every metric.

Angela Palumbo /
Barron's Online: Netflix Earnings Are Here, and Expectations Are High. What to Watch.

RELATED:

Variety:

Netflix forecasts 2025 revenue of $43B-$44B, which would be 11%-13% higher than its 2024 guidance, and targets a 2025 operating margin of 28% vs. 27% in 2024— Netflix is expecting to keep growing revenue at double-digit percentages in 2025. — In reporting Q3 2024 results that beat analyst forecasts …

Discussion:
The Hollywood Reporter, The Information, Deadline and Business Insider, more at Techmeme »

Discussion:

Caitlin Huston /
The Hollywood Reporter: Netflix Expects Programming Slate to Return to Normal in 2025 After Strike Disruption

Peter White /
Deadline: Netflix Slams Rivals' Bundling Plans, Blames Strikes For “Patchier” Programming

TVNewsCheck:

Tegna and Dallas Mavericks announce that six Tegna TV stations will join eight stations owned by others to air games to ~14M people in Texas, starting Oct. 26— Eight stations join the six owned by Tegna to create one of the largest sports franchise footprints assembled by a local broadcast group.

Discussion:
Awful Announcing, StreamTV Insider, Radio & Television … and Cord Cutters News

Discussion:

Jessica Kleinschmidt /
Awful Announcing: Tegna adds more stations to Dallas Mavericks broadcast plans

The Desk:

Source: Sputnik no longer broadcasts around Washington, DC, or Kansas City, MO, after the State Department imposed new sanctions on Russian-backed broadcasters— Radio stations in two markets will be dropping their affiliation with Russia-backed programming distributor Sputnik by the end of the week, The Desk has learned.

Discussion:
Radio & Television …, Inside Radio and Voice of America

Bloomberg:

Industry forums indicate payouts from Adobe to contributors to Adobe Stock, used to train AI, range widely from two to four figures for major video contributors— Adobe thinks it has found a cure for AI job anxiety: cash. But first... • ASML is being questioned by Dutch authorities …

Discussion:
Brody Ford on LinkedIn and MIDiA Research Blog

Discussion:

Brody Ford /
Brody Ford on LinkedIn: Adobe thinks its found a solution to AI Job anxiety: cash. — The creative software giant has been paying “bonuses” to artists whose work it used to train its generative AI model. …

Meta:

Meta announces first results from its work with Blumhouse Productions on a pilot program seeking creative industry feedback on Meta's AI video model Movie Gen— We recently introduced Meta Movie Gen—a suite of AI models that show how you can use simple text inputs to produce custom videos and sounds …

Discussion:

Kristin Robinson /
Billboard: Did That Song Go Viral on TikTok Organically — Or Was It Paid For?

Mary Kate Carr /
AV Club: Blumhouse partners with Casey Affleck and Meta for A.I. assisted short films

Sean Burch /
The Wrap: Blumhouse Partners With Meta to Make Short Films Using Facebook's New AI Tools

Todd Spangler /
Variety: Meta Teams With Blumhouse and Filmmakers Like Casey Affleck to Test Movie Gen AI Tool

Reason:

The US Supreme Court revives the case of citizen journalist Priscilla Villarreal, who is suing Texas officials for her arrest over asking questions of police— Priscilla Villarreal's case is about whether certain reporters have more robust free speech rights than others.

Discussion:
CNN, Associated Press, @billybinion, Fox News, RedState, NPR, Reuters and r/Journalism

Discussion:

John Fritze /
CNN: Supreme Court revives case of citizen journalist arrested for seeking information Associated Press: An online journalist tried to sue over her 2017 arrest. The Supreme Court just ordered another look at her case

Billy Binion /
@billybinion: The 5th Circuit ruled against her, writing that it wasn't obviously unconstitutional for police to arrest someone for her reporting. Villarreal isn't a “legitimate” journalist, said the majority. That's not how the First Amendment works. /6 [video]

Billy Binion /
@billybinion: SCOTUS answered. It overturned the 5th Circuit's ruling & told them to try again. In the decision, the Court cited a recent precedent centered on *another* TX lady allegedly arrested for speech. (And another 5th Circuit ruling they had to overturn.) /9 https://reason.com/...

Billy Binion /
@billybinion: So Villarreal will go back to court. Why is this case so important? Because everyone should have “the same First Amendment rights as a New York Times journalist,” says @glukianoff. Hopefully the 5th Circuit has learned that now, too. /end [video]

Billy Binion /
@billybinion: So Villarreal exercised her last appeal—to the Supreme Court. She got support from all over: the progressive @MyConstitution, the libertarian @CatoInstitute, the conservative @ADFLegal & the right-wing @JamesOKeefeIII. Some things aren't partisan: /8 [video]

Billy Binion /
@billybinion: Meet reporter Priscilla Villarreal. Police jailed her—after she exposed their misconduct. They all got immunity. SCOTUS just threw her a lifeline. I went to Laredo, TX to learn more about her story—which matters if you care about free speech. A thread. [video]

Billy Binion /
@billybinion: Villarreal is not your typical journalist, as you can see in the video. Her page, Lagordiloca, translates to “the fat, crazy lady.” Her commentary is colorful & profane. But the First Amendment still applies to people whose speech you don't like. /7 [video] Fox News: Supreme Court to allow Biden admin power plant climate standards to remain in place - for now

Jeff Charles /
RedState: SCOTUS Ruling in Favor of Citizen Journalist Arrested for Querying Police Hinges on Gov't Accountability

Ilana Dutton /
NPR: Supreme Court refuses to interfere in EPA litigation, for now

Nieman Lab:

A year after its launch, The Guardian's European edition generates 15% of the company's pageviews, and one-time donations from European readers increased by 45%— After the launch of Guardian Europe, one-time donations from European readers increased by 45%.

Press Gazette:

The UK's Sun begins rolling out a registration wall asking users to create an account and seems to be applying it mainly to content by its best-known writers— The Sun has begun rolling out a registration wall asking users to sign up for free to read certain stories.

Discussion:
One Man & His Blog

Discussion:

Adam Tinworth /
One Man & His Blog: Spinning the digital news cycle

Wall Street Journal:

Prabhakar Raghavan will leave his role overseeing Google search and ads products, to be replaced by Nick Fox; Raghavan will become Chief Technologist— Prabhakar Raghavan, the most senior Google executive overseeing its search engine and ads products, is leaving the role after a four-year tenure leading …

Discussion:
TechCrunch, The Keyword, Barron's Online, BGR, The Information, Bloomberg, CNBC, The Verge and 9to5Google, more at Techmeme »

Discussion:

Sundar Pichai /
The Keyword: The AI opportunity: Updates to our Gemini and Knowledge & Information teams

Anita Hamilton /
Barron's Online: Google Names New Head of Search as Competition Grows

Amir Efrati /
The Information: Google Replaces Search and Ads Chief, Moves Gemini Chatbot to AI Group

Jennifer Elias /
CNBC: Google replaces its search and ads boss

Abner Li /
9to5Google: Google announces big reorg: Gemini app team moves to DeepMind, Assistant now part of Pixel/Android

Axios:

Memo: Google will block US election ads after the polls close on November 5 to prevent misinfo about voting, including candidates prematurely claiming victory— - Google is implementing the policy “out of an abundance of caution and to limit the potential for confusion …

Discussion:
The Hill, @sarafischer, National Zero and AdExchanger, more at Techmeme »

Discussion:

Ashleigh Fields /
The Hill: Google to block election ads after polls close on Election Day

Sara Fischer /
@sarafischer: Scoop: @Google will block election ads after polls close on Nov 5 — Trying to curb misinformation about voting, including candidates prematurely claiming victory More on @axios https://www.axios.com/...

New York Times:

ByteDance's publishing imprint 8th Note Press is expanding into print and plans to release 10-15 books per year, after launching as an ebook publisher in 2023— ByteDance, the Chinese tech giant that owns TikTok, will focus its publisher, 8th Note Press, on popular genres such as romance, romantasy and young adult fiction.

Discussion:
The Information, Allison Moore on LinkedIn and Tubefilter, more at Techmeme »

Discussion:

Allison Moore /
Allison Moore on LinkedIn: Big day for 8th Note Press, finally announcing our print publishing partnership with Zando Projects. I'm so excited to get into bookstores starting next February. …

Sam Gutelle /