Welcome to the Tech Mem Right Home for Friday, October 18th, 2024. I'm Brian McCullough today.

Netflix earnings make me feel like they've leveled up yet again.

Eyebrow Raising Shake Up in Google Search. me feel like they've leveled up yet again.

Eyebrow raising Shakeup in Google Search, interesting new search-like products from

perplexity.

It's not just AirPods, the smartphone is swallowing the hearing aid.

And in the long reads reads the most interesting behind the

scenes open AI deep dive since the last one here's what you missed today in the world

of tech.

Netflix reported Q3 earnings last night and yeah revenue was up 15% year on year

and paid memberships were up 14% year on year but I want to focus on this number. Net income was 2.4 billion dollars for

the quarter, for one quarter. Let's come back to that, quoting CMBC. The streamers ad-tier memberships jumped 35% quarter

over quarter. The company is on track to launch the service in Canada in the coming

quarter and more broadly in 2025. While Netflix does not expect advertising to become a primary

growth driver until 2026, it noted that the ad tier accounted for more than 50% of sign-ups

during the third quarter in countries where it is available."

So, wow, more proof that that ad product really is popular.

It's growing 35% quarter on quarter. Here are some more numbers.

Netflix gained 5.1 million new subscribers in Q3 versus only 4 million estimated.

Remember when they dropped numbers? versus only 4 million estimated.

Remember when they dropped numbers in a quarter?

Remember when 5 million new subscribers in a quarter seemed like something they would probably never hit again

...