Legendary boxer Mike Tyson will fight Jake Paul on Friday, Nov. 15, 2024, at AT&T Stadium in Arlington, Texas.
Legendary boxer Mike Tyson will fight Jake Paul on Friday, Nov. 15, 2024, at AT&T Stadium in Arlington, Texas.The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.
The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.
“We had a plan to reaccelerate growth and we delivered on that plan,” Netflix co-CEO Ted Sarandos said during a video call discussing the results. Netflix co-CEO Greg Peters predicted the company’s ad sales will double during the next year while remaining a just a sliver of total revenue that will continue to be propelled by subscription fees.
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