Latest news with #ChristmasDay
Business Insider
3 hours ago
- Business
- Business Insider
Netflix notches a record quarter and signals more growth ahead
Netflix posted record-setting revenue and earnings for the second quarter on Thursday. The streamer also raised its forecast for the year. Analysts are eyeing the platform's plans to scale through live sports and TV, and grow its ads business. The streaming giant's revenue rose 15.9% year over year to $11.08 billion, and earnings hit $7.19 per share. Analysts surveyed by Bloomberg expected quarterly revenue of $11.06 billion and earnings of $7.09 per share. Netflix shares rose slightly in after-hours trading following the earnings release on Thursday. The company also raised its revenue forecast for 2025 to $44.8 billion to $45.2 billion, in part because of its momentum in growing subscribers and its advertising business. Wall Street has long crowned Netflix as the streaming king. The streamer's latest win comes on the heels of the success of "Squid Game." The show's third and final season debuted at No. 1 in every country where it debuted during its premiere week in late June. Netflix stopped reporting specific subscriber figures last quarter, which makes it difficult to gauge the platform's user growth. But estimates from third-party data firm Antenna suggest Netflix's gross monthly subscriber additions in the US have fallen from their peak. Analysts are focused on how the platform continues to scale through live sports and TV, as well as creator-driven partnerships. So far, Netflix has announced a return of a Christmas Day NFL game, a September fight between Canelo Alvarez and Terrence Crawford, and a forthcoming reboot of the late-80s hit "Star Search," among other live programming.
Business Insider
3 hours ago
- Business
- Business Insider
Netflix notches a record quarter and signals more growth ahead
Netflix posted record-setting revenue and earnings for the second quarter, and signaled there's more growth on the horizon. The streaming giant's revenue rose 15.9% year over year to $11.08 billion, and earnings hit $7.19 per share. Analysts surveyed by Bloomberg expected quarterly revenue of $11.06 billion and earnings of $7.09 per share. Netflix shares rose slightly in after-hours trading following the earnings release on Thursday. The company also raised its revenue forecast for 2025 to $44.8 billion to $45.2 billion, in part because of its momentum in growing subscribers and its advertising business. Wall Street has long crowned Netflix as the streaming king. The streamer's latest win comes on the heels of the success of "Squid Game." The show's third and final season debuted at No. 1 in every country where it debuted during its premiere week in late June. Netflix stopped reporting specific subscriber figures last quarter, which makes it difficult to gauge the platform's user growth. But estimates from third-party data firm Antenna suggest Netflix's gross monthly subscriber additions in the US have fallen from their peak. Analysts are focused on how the platform continues to scale through live sports and TV, as well as creator-driven partnerships. So far, Netflix has announced a return of a Christmas Day NFL game, a September fight between Canelo Alvarez and Terrence Crawford, and a forthcoming reboot of the late-80s hit "Star Search," among other live programming. The live content serves dual purposes: helping Netflix continue to grow its subscription base and providing ample opportunities for its budding advertising business.
USA Today
5 hours ago
- Entertainment
- USA Today
Drew Brees returning to the broadcast booth for Netflix's Christmas Day schedule
Drew Brees will be back in television this season, at least on Christmas Day. The Athletic's Andrew Marchand reports that the legendary New Orleans Saints quarterback will be working as a Netflix game analyst for either the noon kickoff between the Dallas Cowboys and Washington Commanders, or the Detroit Lions-Minnesota Vikings tilt later that afternoon. If you're curious, Brees achieved a winning record against three of those four teams, while giving as good as he got against Washington: Brees worked for Netflix last year as a studio analyst, but now he's returning to the broadcast booth after a one-and-done stint with NBC Sports back in 2021. Marchand adds that he's being eyed for a role at Fox Sports behind his old rivals Tom Brady and Greg Olsen. He's spoken often about enjoying work as a broadcaster and wanting another opportunity to prove he can do a good job at it. Now he's getting his chance.
NBC Sports
5 hours ago
- Entertainment
- NBC Sports
Drew Brees will be in the Netflix booth for a Christmas Day game
Netflix has tapped Drew Brees to work in the booth for one of the two games it will stream on Christmas Day. Brees will do the commentary for either the Cowboys-Commanders game or the Lions-Vikings game, according to Andrew Marchand of Last year Brees also worked for Netflix on Christmas, but only appeared on the version of the stream that Netflix showed outside the United States. This year he'll be calling the American broadcast of a game. Brees has previously called games for NBC Nate Burleson is expected to work a game as well, and Matt Ryan is under consideration in a three-man booth, according to the report. Both Burleson and Ryan work for CBS, which is producing the Christmas games for Netflix. Fox and ESPN are reportedly telling their talent that they won't be allowed to work for Netflix on Christmas Day.
New York Times
6 hours ago
- Sport
- New York Times
Drew Brees to be game analyst for Netflix's Christmas Day game years after NBC flameout: Sources
Future Hall of Famer Drew Brees, who was one-and-done at NBC but has expressed a desire to return to a top NFL booth, will be a game analyst for Netflix on Christmas Day, sources briefed on the negotiations told The Athletic. Brees will be on the domestic broadcast for either the Dallas Cowboys-Washington Commanders or Detroit Lions-Minnesota Vikings games. Brees worked the Netflix international broadcast last year. Advertisement CBS' Nate Burleson, who was a game analyst last year, will return in the same role, the sources said, while CBS' Matt Ryan is under heavy consideration. Netflix declined comment. The streamer has been faced with rival networks and streamers being less willing to loan out their top NFL announcers. Last Christmas, in its debut doubleheader, Netflix trotted out a small army of broadcasters, including big names, like Fox's Greg Olsen, CBS' Ian Eagle and ESPN's Mina Kimes. The other NFL broadcasting platforms have been more hesitant to help Netflix, which is increasingly considered a heavy competitor in sports. YouTube, whose timeline is even shorter with its Brazil game on Sept. 5, is facing the same issue for its Kansas City Chiefs-Los Angeles Chargers game. CBS is producing the games for Netflix, which makes it more amenable for it to loan out its broadcasters. Last year, Eagle, J.J. Watt and Burleson, all from CBS, called one game, while NBC's Noah Eagle and Fox's Olsen were on the other. Brees, 46, will have another chance to show he belongs in a big booth. When he went to NBC in 2021, he was viewed as a potential successor to Cris Collinsworth, but flamed out quickly. Brees called Notre Dame games and select NFL matchups with Mike Tirico. Brees struggled in his final NBC game, a playoff matchup between the Cincinnati Bengals and the then Oakland Raiders in January 2022. Last season, Brees appeared on a spot or two for ESPN, while Fox Sports has shown some interest in him as a game analyst behind Tom Brady and Olsen.
