Paramount Global

Warner Bros. Discovery posts 13% revenue jump, 2 million new streaming subscribers in Q1
Technology

Warner Bros. Discovery posts 13% revenue jump, 2 million new streaming subscribers in Q1

David Zaslav Anjali Sundaram | CNBC Warner Bros. Discovery reported a 13% revenue jump and consistent streaming subscriber growth for its fiscal first quarter Tuesday. The results don’t include first-quarter performance from WarnerMedia, which Discovery bought this month. The company reported revenue of $3.16 billion and net income of $456 million. Shares rose as much as […]

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Movie theater owners are optimistic ticket sales can continue to recover as the key summer season approaches
Business

Movie theater owners are optimistic ticket sales can continue to recover as the key summer season approaches

Still from “Doctor Strange in the Multiverse of Madness.” Disney Superhero flicks have kept the box office afloat this year, spurring movie theater operators to think that audiences might finally be ready to return to cinemas en masse. Domestic ticket sales for the first four months of the year are still down around 40% compared […]

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Netflix is finally going after password sharing. Here’s how it’s likely to work
Business

Netflix is finally going after password sharing. Here’s how it’s likely to work

Netflix signage next to the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Netflix surprised the world this week, saying it plans to finally address the rampant practice of password sharing. More than 100 million households are using a shared password, Netflix said Tuesday, including […]

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JPMorgan strategist says tough earnings outlook could pressure stocks later this year
Business

JPMorgan strategist says tough earnings outlook could pressure stocks later this year

Corporate sentiment has been weakening after peaking in late 2021, JPMorgan said. Source

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Jim Cramer says two streaming stocks stand out in wake of Netflix collapse
Business

Jim Cramer says two streaming stocks stand out in wake of Netflix collapse

CNBC’s Jim Cramer said Wednesday that investors should stay away from Netflix stock and explore other options. “Netflix seems lost at sea without a plan to find the shore, and I think its pullback actually was deserved. As for the other streaming plays that were collateral damage, you’ve got my blessing to buy the ones […]

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Stocks making the biggest moves midday: Netflix, M&T Bank, Baker Hughes, IBM and more
Finance

Stocks making the biggest moves midday: Netflix, M&T Bank, Baker Hughes, IBM and more

IBM’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday: Netflix — Shares of the streaming giant sank 35% after Netflix reported a loss of 200,000 subscribers in the most recent quarter. Netflix cited increasing competition, password sharing […]

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Legacy media has disrupted Netflix. The consequence may be mutually assured destruction
Technology

Legacy media has disrupted Netflix. The consequence may be mutually assured destruction

Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images We must be living in the Upside Down. Legacy media has disrupted Netflix. Netflix announced Tuesday it’s exploring adding a lower-priced, advertising-based tier to its service. The […]

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Netflix stock plunges 36% on shocking subscriber loss
Technology

Netflix stock plunges 36% on shocking subscriber loss

Reed Hastings, founder, Netflix speaks onstage at 2019 New York Times Dealbook on November 06, 2019 in New York City. Michael Cohen | Getty Images Shares of Netflix plunged 36% Wednesday morning after the streamer reported earnings Tuesday evening that showed it lost subscribers in its most recent quarter and gave a weak outlook. The […]

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Streaming stocks slide after Netflix says it is losing subscribers
Business

Streaming stocks slide after Netflix says it is losing subscribers

Reed Hastings, Co-CEO, Netflix speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. David Swanson | Reuters The stock prices of streaming video companies fell in extended trading on Tuesday after Netflix released earnings that showed the sector leader lost subscribers for the first time in more than […]

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S&P 500, Nasdaq futures fall as Netflix shares tank on disappointing results, outlook
World

S&P 500, Nasdaq futures fall as Netflix shares tank on disappointing results, outlook

Stock futures dipped in overnight trading as investors digested disappointing Netflix earnings and looked ahead to a new batch of companies set to report Wednesday. Futures on the Dow Jones Industrial Average fell 40 points. or 0.12%. S&P 500 futures dipped 0.4% and Nasdaq 100 futures sank 0.9%. Shares of Netflix plummeted 25% in extended […]

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