4.3 • 847 Ratings
🗓️ 19 October 2022
⏱️ 30 minutes
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0:00.0 | Hi, I'm Missa Kwonger. |
0:01.7 | And I'm Ryan Hunt. |
0:02.3 | And we co-host, Stadio, a football podcast, on the Ring of Podcast Network. |
0:06.7 | If you like soccer or football, make sure you search for Stadio, a football podcast on Spotify or wherever you get your podcasts. |
0:16.5 | It is Wednesday, October 19th. |
0:19.4 | The roller coaster that is Netflix took another turn yesterday. |
0:23.1 | The company said it added 2.4 million net subscribers during the third quarter, |
0:28.8 | higher than the one million it had forecast, and a reversal from the past two quarters, |
0:34.4 | where it actually lost subscribers worldwide. |
0:39.2 | The stock went nuts. It was up 14% after the bell yesterday and it's now up 30% in the past five days. Remember, this is a company |
0:45.8 | that lost 60% of its value in the past year. I mean, it was way, way down. Hollywood loves this |
0:52.9 | turn because every company's stock in the industry is now tied in |
0:56.2 | some ways to streaming. |
0:57.9 | Netflix is the leader and the catalyst for huge shifts in the entertainment industry that |
1:01.8 | we've seen over the past decade. |
1:03.9 | Now, with these new numbers, it stands at 223 million subscribers worldwide. |
1:08.5 | But the news wasn't all good. |
1:09.9 | The gains came mostly in Asia, |
1:12.0 | which is a still growing market and not in some of its more mature markets like the U.S. |
1:17.4 | And despite hot shows like Dahmer, the second batch of Stranger Things 4 in movies like |
1:22.3 | The Greyman and Purple Hearts, Netflix only gained about 100,000 subs in the U.S. and Canada. |
1:28.5 | So is Netflix back? |
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