Tag Archives: Quarter

Spotify Tops 108 Million Paying Subscribers

In a second-quarter earnings report released today, Spotify revealed that it has topped 108 million paying subscribers — up 8 million from the previous quarter — and 232 million monthly active users. – Jem Aswad, Variety » https://trib.al/XbtEuvO

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

Top SVOD Apps by Revenue in the United States and Europe for Q1 2019

photo: Sensor Tower

The top SVOD app in the United States for Q1 2019 was Netflix with more than $151 million in revenue. This represented an estimated 1 percent year-over-year growth from Q1 2018. YouTube, HBO NOW , Hulu, and YouTube TV made up the remainder of the top five SVOD apps by revenue in Q1 2019. Crunchyroll climbed one place from No. 9 in Q1 2018 to No. 8 in Q1 2019. – Jonathan Briskman, Sensor Tower » http://bit.ly/2QVrDu7

Has Cord Cutting Been Overhyped? Maybe, Analysts Say Looking At Q4 Data

[Craig Moffett,Moffett Nathanson] estimates that traditional cable, satellite, and telco TV providers — including privately held ones that don’t report their numbers — lost about 49,000 subs in the three-month period at the end of 2015. Those who believe cord cutting is a problem can note that, by Moffett’s count, this would be the first decline in the year-end period, which is usually strong for subscriptions. It also would be the first time that the industry declined for four consecutive quarters. – David Lieberman, Deadline Hollywood

Netflix U.S. Viewership of Original Series Surges in Q3: Study

The number of the streamer’s U.S. subs who have watched Netflix originals like “Orange Is the New Black” rose markedly over the six-month span between Q1 and Q3 this year, according to a new study by research and consulting firm Centris Marketing Science. In the third quarter of 2014, 72% of domestic subs said they have watched at least some Netflix original programming, up from 57% in the first quarter of the year, Centris found. […] There are some caveats on the latest Centris study. The stats only indicate whether Netflix users have ever watched its original programming, not how many individual titles they’ve viewed. Also, the study did not measure how satisfied customers were with the content. – Todd Spangler,Variety
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Ziggo: internet up, TV down

Dutch operator Ziggo said that during Q3, 2014, the total internet subscribers was up 20,000 to a total of 1.99 million, representing a penetration of 73.7%. Digital pay-TV revenue was down by 1.4% y-o-y due to a decline in subscribers, partly offset by an ARPU increase and an uptake in VOD. […] Ziggo blamed this on the difficult macro-environment, the switch from subscription-based to on-demand-based video consumption, the price increase for live football and increased competition from OTT premium TV providers (read: Netflix). – Robert Briel,Broadband TV News
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Netflix falls short of Q3 subscriber numbers, stock tanks by 26 percent

Netflix has released its Q3 earnings today, and investors are panicking. During the quarter, the company brought on an additional 3 million subscribers That bring’s Netflix’s total customer base to 53.1 million; CEO Reed Hastings says he expects to close out 2014 with 57 million global members. But he also acknowledged that the 3M number missed Wall Street expectations — and the company’s own forecasts. Netflix ended Q3 with 37.2 million US subscribers, which is short of its 37.6 million forecast. Looking internationally, Netflix now tallies 15.84 million subscribers, also well below its original 16.16M Q3 forecast. […] HBO creating a standalone streaming service was “inevitable” according to the Netflix CEO. But he clearly believes both companies can coexist, each making plenty of money, in the months and years ahead. – Chris Welch,The Verge 
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