Tag Archives: fiscal

YouTube is a $15 billion-a-year business, Google reveals for the first time

On an annual basis, Google says YouTube generated $15 billion last year and contributed roughly 10 percent to all Google revenue. Those figures make YouTube’s ad business nearly one fifth the size of Facebook’s, and more than six times larger than all of Amazon-owned Twitch. – Nick Statt, The Verge » https://trib.al/UWIWPHF

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Netflix gets sued over Q2 subscriber losses

Johan Wallerstein filed a complaint in California federal court against Netflix, CEO Reed Hastings and CFO Spencer Neumann. The class action suit alleges that Netflix’s April 2019 letter to shareholders included “materially false and/or misleading” statements that did not disclose the potential impact of factors including price increases and content releases on subscriber growth figures. – Ben Munson, FierceVideo » https://ift.tt/2JXUE5h

Netflix suffers first major loss of US subscribers, blames price hikes

The company lost approximately 130,000 subscribers in the United States in Q2, and only gained 2.7 million global subscribers, after projecting it would add 5 million. CEO Reed Hastings blamed the stagnancy on the company’s price hikes, and a lack of original content to bring in new subscribers. The company instituted higher pricing plans in January, one of its biggest increases to date. Plan changes went into effect for both new and returning subscribers. As such, paid memberships in the United States were “essentially flat.” – Julia Alexander, The Verge » https://ift.tt/2XNYPKH

Streaming Revenue Is Impressive, But Will It Ever Make Up For Physical Product Losses?

The point is that the recorded music industry still heavily relies on the income from physical product even though those sales are declining. In fact, the latest IFPI figures show that streaming only accounts for 38.4% of the industry’s total revenue. What’s more, physical product sales declined by only 5.4% last year, far from falling off a cliff. – Bobby Owsinski, Forbes » https://ift.tt/2Snpzu2

Is Netflix About to Falter?

The past five years have been very big for Netflix. Between 2009 and 2013, the company’s streaming and DVD rental operation saw revenue shoot up 162% from $1.67 billion to $4.37 billion. Based on its most recent annual report, this rise in sales appears to have been driven largely by its soaring subscriber count. In just the past three years alone, the company’s streaming user count skyrocketed 88% from 23.5 million to 44.4 million. […] Based on the data provided, Netflix has seen a pretty impressive run in terms of revenue over the past few years. The company’s inability to grow profits might be something of a turnoff, though. Similarly, Hulu has also seen impressive upside at a time when profits seem depressed. For this reason, it’s difficult to tell which opportunity makes more sense. – Daniel Jones,The Motley Fool  http://ift.tt/WnkqFG