Paramount reported Q1 revenue of $7.347 billion, slightly above analyst estimates, with earnings per share matching forecasts at 15 cents. Paramount+ added 700,000 new subscribers, missing the 1 million target despite gaining UFC streaming rights. The company expects accelerating direct-to-consumer revenue and profit by 2026, while its traditional TV division continues to decline due to cord-cutting. Paramount is also preparing for its $110 billion merger with Warner Bros. Discovery, expected to close by September.
Netflix's stock price has dropped to about 18.9 times forward earnings, close to its 2022 bear-market low of under 15 times, even as the company's fundamentals improve. Netflix is shifting focus from subscriber growth to revenue, margins, and free ca...
Prediction market Kalshi sent Netflix a cease-and-desist letter over the trailer for "Instadocs: The Prediction Games," alleging it contains false and misleading statements about betting legality in Nevada. The trailer shows a bet made on Kalshi duri...
Netflix released 'Heartstopper: Forever,' a two-hour movie concluding the popular series, but it failed to gain significant attention or chart on major viewing lists. The original show had high critic and audience scores, but the movie's release as a...
Netflix's stock has fallen 44% over the past year due to slowing revenue growth, which hit a multi-quarter low of 13.4% and is expected to decline further. The company is shifting from transparent subscriber and viewing metrics to proprietary "engage...
