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Netflix new subscribers chart
(Sherwood News)

Netflix added 18.9 million subscribers, the company’s best-ever quarter

After building a huge subscriber lead over competitors like Disney, this is the last time Netflix will break out its user figures.

Well, after more than 12 years, ~50 quarters, and dozens of Chartr charts using the data, Netflix just broke out its final batch of quarterly subscription figures, as the streamer looks to shift its focus to other metrics (mostly financial ones).

Yes, we are still watching

Reed Hastings’ company has gone out with a bang in the subscriber department, though, reporting a record-breaking quarter where it added almost 19 million subscribers to cross the 300 million paid memberships threshold, buoyed by its forays into live sports streaming. 

Netflix new subscribers chart
(Sherwood News)

Netflix is up more than 13% in early trading, with plenty besides the subscriber numbers for investors to enjoy, like the $10.25 billion in revenue and $1.9 billion of net profit that the streamer hauled in.

It turns out that pitting a Paul brother (either one, realistically) against Mike Tyson and streaming the full bout, even with significant technical outages, is a recipe for racking up new subscribers. Spending $150 million to throw in two Christmas football games helped the streamer to its most-watched Christmas Day on record, while drama fans signed up to catch the Boxing Day “Squid Game” season-two drop.

Streamers sub count chart
Sherwood News

Though we’ll miss updating our streaming wars chart, Netflix’s decision to stop breaking out just how many subscribers it’s adding may please the likes of Disney, Warner Bros., and Paramount — competitors who have never been able to match its astounding growth rate.

The decision may also be prescient for another reason: Netflix can’t keep growing like this forever, and, with another set of price rises also announced in the past 24 hours — the standard plan is going up to $18 — user complaints about the Netflix bang they get for their buck may only get louder.

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

A screenshot from Hims & Hers' website. (Sherwood News)

Hims to begin selling GLP-1 microdosing treatments

The company reports earnings results next Monday.

Premium seats help push airlines higher following third-quarter results

Shares of American Airlines are climbing toward the carrier’s best trading day since August 12, when ultra-budget rival Spirit issued its initial warning about its ability to survive. American’s shares are up more than 7% on Friday afternoon.

Investors’ optimism comes a day after American posted a better-than-expected full-year earnings forecast. In a call with investors, American said that it’s ramping up its premium cabin offerings.

“Our ability to grow capacity in premium markets will be further supported as we take delivery of new aircraft and reconfigure our existing fleet. These efforts will allow us to grow our premium seats at nearly two times the rate of main cabin seats,” CEO Robert Isom said. American CFO Devin May said that nose-to-tail retrofits of certain wide-body jets will bump the number of premium seats available on those planes by 25%.

Extra legroom has been a boon for major carriers, particularly this quarter. Delta Air Lines said its premium product revenue grew 9% in Q3, compared to a 4% drop in economy seat revenue. Similarly, United Airlines said its premium revenue grew 6%, outpacing economy. Shares of both airlines were up more than 3% on Friday.

Carriers with less exposure to first- and business-class tickets like Southwest Airlines and JetBlue didn’t see the same amount of momentum on the day.

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