Netflix shares fall as Brazil tax hit ends earnings streak Media Netflix’s shares dipped almost seven per cent in the wake of last night’s financial report, after the streaming giant’s strong run of quarterly earnings came to an end following a $619m (£464.8m) tax charge in Brazil dragged on third-quarter profits. The streaming giant reported a 17 per cent uptick in revenue to $11.2bn, broadly in [...]
Netflix rakes in record UK profits as cost conscious Brits choose adverts Media A rise in Brits choosing Netflix’s advertising tier helped the streaming giant rake in record profits as its UK revenue jumped towards the £2bn mark, it has been revealed. The UK arm of the US giant has reported a pre-tax profit of £63m for 2024, up from the £60.6m it achieved in 2023 – the [...]
Netflix to hike prices as live sport aids surge in subscriber numbers Sport Business Netflix boasted 19m extra subscribers in their fourth quarter results for 2024, partly due to their rise in live sports offering, as the streaming giant passed 300m paid subscribers. The platform added live sport to its slate in 2024, showing boxing, NFL and WWE. It also won the media rights to the next two Fifa [...]