Netflix, Raises Forecast
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Netflix reported total Q2 revenues of $11.08 billion, with an operating income of $3.8 billion and margin of 34.1%, beyond last year and market estimates.
On March 12, a week after the show's debut, With Love, Meghan ranked tenth on Netflix's global Top 10 Shows Overview list, having amassed 2.6 million views and 12.6 million hours watched. At the time, it ranked seventh on Netflix's Top 10 Shows chart in the United Kingdom and tenth on the platform’s Top 10 list in the United States.
The S&P 500 and the Nasdaq grounded to a halt on Friday, dragged down by Netflix and cautious investors heading into the weekend after a turbulent week of mixed economic signals, earnings and shifting rate cut bets by the Federal Reserve.
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Surprisingly, Sarandos said the company already did it, on an Argentinian sci-fi show called El Eternauta, a graphic-novel adaptation known as The Eternaut in English-speaking markets. For a scene showing a building collapsing in Buenos Aires, Netflix's tech team worked with the filmmakers to generate AI footage that was used as final footage.
Sales Netflix’s developing ad-supported subscription tier are growing fast, and could double in the coming year.
The streaming giant’s co-CEO told financial analysts that artificial intelligence tools are expanding creativity.
The streaming giant's revenue rose 15.9% year over year to $11.08 billion, and earnings hit $7.19 per share.
A new Netflix docuseries reexamines the mysterious 1998 disappearance of Amy Bradley from a cruise, raising fresh questions nearly 30 years later.
The video streamer used AI tools to show the collapse of a building in the Argentinian show The Eternaut. The sequence was completed 10x faster than usual, says co-CEO Ted Sarandos.