Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available (Reuters)

Mediagazer: Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available (Reuters)

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, Light Reading, Quartz, Sarah Whitten on LinkedIn, StreamTV Insider, Thurrott, @lucas_shaw, Axios, Reuters, Variety, The Times, RTÉ, Neowin, Deadline, The Streamable, The Hollywood Reporter, AdExchanger, New York Times, Forbes, Benzinga, @carnage4life@mas.to, Deadline, Wall Street Journal, Yahoo Lifestyle, The Verge, Business Insider, 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

Jeff Baumgartner /
Light Reading: Netflix beats Wall Street with 5.1M sub adds in Q3

Bruce Gil /
Quartz: Netflix is serious about ads

Sarah Whitten /
Sarah Whitten on LinkedIn: Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow. …

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

Paul Thurrott /
Thurrott: Netflix Revenues Up 7.8 Percent to $8.5 Billion

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

Sara Fischer /
Axios: Netflix beats subscriber estimates as ad tier grows

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

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

John Callaham /
Neowin: Netflix added just over 5 million new subscribers in the third quarter of 2024

Victoria McNally /
AdExchanger: Netflix Predicts Ad Revenue Will Double Next Year

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

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

Dare Obasanjo /
@carnage4life@mas.to: Netflix's growth strategy of clamping down on password sharing while proving an ad-supported tier as an escape hatch has been an incredible success. — The company beat expectations on revenue, profits & new subscribers. The ad tier is helping as 50% of new sign ups are on that tier in the markets it's available. …

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

Alex Bitter /
Business Insider: Netflix beat expectations yet again

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

RELATED:
Reuters:

Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available— Netflix (NFLX.O) picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million …

Discussion:
Advanced Television, @reutersbiz, Observer, Associated Press, Forbes, Bloomberg, The Desk, The Wrap, IndieWire, Adweek, Entrepreneur, TVNewsCheck, Capital Brief and Deadline

Discussion:
@reutersbiz: Netflix picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million, and said it expected higher customer growth around the holidays when Korean drama ‘Squid Game’ returns. More here: https://www.reuters.com/... [video]

Alexandra Tremayne-Pengelly /
Observer: Netflix Added 5M Subscribers in Q3 Despite Lingering Effects of Hollywood Strikes Associated Press: Netflix's subscriber growth slows as gains from password-sharing crackdown subside

Matthew Keys /
The Desk: Netflix adds 5 million global subscribers during Q3

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

Saleah Blancaflor /
Adweek: Netflix Adds 5 Million Subscribers and Details 2 Big Ads Initiatives

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

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:

Wayne Friedman /
MediaPost: Netflix' Strong 3Q Revenues, Ad-Options Gain. But Mixed Subscribers

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

Peter Kafka /
Business Insider: Netflix is rolling in cash. What a turnaround!

Daniel Thomas /
Financial Times: Netflix's third-quarter revenue and subscriber numbers beat expectations

JesterAI /
Motley Fool: Netflix: Big Q3 Gains in Revenue, Margin

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

Eric Fisher /
Front Office Sports: Netflix Shares Rise on Strong Earnings As Christmas NFL Games Lie Ahead

Peter Kafka /
@pkafka: I wrote about how Netflix now makes $9 billion a year in profit - actual net income - and no one cares but a few year ago smart people thought they'd have trouble paying off their debt. https://www.businessinsider.com/ ...

404 Media:

Hobbyists post the code for Redbox kiosk software online, and tinkerers have been probing how it works, sometimes repurposing abandoned machines to run Doom— The code that runs Redbox DVD rental machines has been dumped online, and, in the wake of the company's bankruptcy …

Discussion:
@rysiek@mstdn.social: This would be a great story to use the word “hackers” in, to reclaim it for the community: — https://www.404media.co/...

Scharon Harding /
Ars Technica: Redbox easily reverse-engineered to reveal customers' names, zip codes, rentals @georgescriban@threads.net: This is the ethos/spirit/vibe that lured me toward computers and software.

Jason Koebler /
@jasonkoebler@threads.net: Incredibly cool: A community of people on Discord are salvaging Redbox kiosks from Walgreens all over the country and are reverse engineering and modifying them. Redbox OS got dumped this week and people are actively figuring out how to repurpose it: https://www.404media.co/...

The Information:

LinkedIn woos publishers, testing a “News Banner” on its mobile app feed and a video ad program that sources say will earn Bloomberg and WSJ $2M+ each in 2024— As Facebook owner Meta Platforms has backed away from news, Microsoft's LinkedIn has leaned into it.

Discussion:

Rodrigo Brancatelli /
Rodrigo Brancatelli on LinkedIn: Check out this great article from The Information. At LinkedIn, our team is deeply committed to bringing top-tier news and insights to our members …

Dan Horowitz /
Dan Horowitz on LinkedIn: Great new post from The Information. Just one of the stats in the piece - The number of videos published to LinkedIn by publishers on a weekly basis …

Catherine Taibi Autorino /
Catherine Taibi Autorino on LinkedIn: Our vision at LinkedIn is to connect Members with relevant professional news & knowledge from trusted sources. …

Colin Kirkland /
MediaPost: LinkedIn Ad Updates Take On Video, AI, Livestreamed Events

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%.

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:

Matthew Keys /
The Desk: TEGNA partners with peer broadcasters to expand access to Dallas Mavericks games

Ronnie Fauss /
Ronnie Fauss on LinkedIn: Great news for Mavs fans across Texas!

Luke Bouma /
Cord Cutters News: TEGNA Expands Free Over-the-Air Broadcast of Dallas Mavericks Games Across Texas

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

The Desk:

The FCC proposed a $147K fine against Disney's ESPN after the network used Emergency Alert System tones in promotional spots in 2023; ESPN can appeal— The Federal Communications Commission (FCC) has proposed a $147,000 fine against the Walt Disney Company's ESPN after the sports network …

Discussion:
Breitbart, Front Office Sports, FCC, @fcc, RADIO ONLINE, Inside Radio, Awful Announcing, UPI, Cord Cutters News, The Register, Variety, Engadget, TVNewsCheck, Reuters, Fox News and Radio & Television …

Discussion:

Dylan Gwinn /
Breitbart: ESPN Accused of ‘Willfully’ Violating Emergency Alert System Rules in NBA Promo

Margaret Fleming /
Front Office Sports: FCC Proposes $146K ESPN Fine for Using Emergency Tones in NBA Promo @fcc: Penalty! ESPN faces a proposed FCC fine for using an emergency alert tone in a promo ad. Using this tone is out of bounds - it's a public safety hazard to confuse or desensitize viewers to actual emergency alerts. As the refs for these important systems, we made the call.

Matt Yoder /
Awful Announcing: ESPN faces hefty fine from FCC

Luke Bouma /
Cord Cutters News: FCC Slaps ESPN with $146,976 Fine for Misusing Emergency Alert System Tones

Brandon Vigliarolo /
The Register: FCC fines be damned, ESPN misuses emergency alert tones yet again

Todd Spangler /
Variety: ESPN Faces FCC Fine for ‘Willful’ Violations of Emergency Alert System Rules, Agency Says

Danny Gallagher /
Engadget: ESPN faces $146K fine for using emergency alert tones in NBA ads

Todd Spangler /
TVNewsCheck: ESPN Faces FCC Fine For ‘Willful’ Violations Of Emergency Alert System Rules, Agency Says

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

Discussion:

John Fritze /
CNN: Supreme Court revives case of citizen journalist arrested for seeking information

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

Associated Press:
An online journalist tried to sue over her 2017 arrest. The Supreme Court just ordered another look at her case

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

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:
Politico, The Hill, @sarafischer, @WarnerCrocker@mastodon.social, Benzinga, IJR, Washington Examiner and National Zero, more at Techmeme »

Discussion:

Christine Mui /
Politico: Google to block election ads after polls close on Election Day

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/...

Warner Crocker /
@WarnerCrocker@mastodon.social: “The policy, first introduced during the 2020 election, is meant to prevent misinformation about voting, including candidates prematurely claiming victory before a race is called.” — Google will block election ads after polls close — #politics — https://www.axios.com/... [image]

Ananya Gairola /
Benzinga: Google Says An Election Ad Ban Will Be Imposed After Polls Close To Curb Misinformation: ‘Implementing This Policy Out Of An Abundance Of Caution’

Elaine Mallon /
Washington Examiner: Google will block all election ads after polls close on Election Day

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:
Wired, Billboard, AV Club, IndieWire, The Hollywood Reporter, Reuters, The Wrap, Variety, Deadline and Irish Independent

Discussion:

Marah Eakin /
Wired: Inside the inaugural Culver Cup, a generative AI film competition sponsored by AWS and FBRC.ai giving filmmakers AI tools and three weeks to submit a short

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

Brian Welk /
IndieWire: Blumhouse Convinced Casey Affleck and Other Filmmakers to Use Meta's New AI Tool

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

Todd Spangler /