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WSJ Tech News Briefing

TNB Tech Minute: Netflix Reports Higher Revenue and Profit

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 21 October 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Coinbase to acquire crypto-investing platform Echo for $375 million. And cooling-equipment maker XNRGY gets financial backing from Decarbonization Partners. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Corporate megastores are spending millions lobbying DC politicians on one-sided policies that send small businesses tumbling.

0:08.1

They want to enact harmful credit card mandates that take resources away from your local credit union and community bank.

0:14.7

Leaving Main Street businesses with less access to credit, making it harder for your family to pay for everyday goods like gas and groceries.

0:23.1

Tell Congress to guard your card and oppose the Durban Marshall credit card mandates.

0:28.4

Paid for by Electronic Payments Coalition.

0:31.6

Here's your afternoon T&B Tech Minute for Tuesday, October 21st. I'm Julie Chang for the Wall Street Journal.

0:38.8

Netflix has reported higher revenue and profit for the third quarter. Its revenue rose 17%

0:44.9

to $11.5 billion, driven by subscription growth, price increases, and higher ad revenue. The

0:51.5

streaming giant said it recorded its best ever quarter for ad sales and

0:55.3

is on track to more than double that this year. Net income increased nearly 8% to $2.5 billion,

1:01.9

but that was below the nearly $3 billion it expected. Shares are up nearly 40% since the start of the

1:07.8

year. We exclusively report that Coinbase have struck a deal to acquire

1:12.7

Echo, which lets crypto companies raise capital on the blockchain for about $375 million. Coinbase hopes

1:20.8

the deal will give its customers access to more investment opportunities and allow it to offer

1:25.6

more services to early stage companies.

1:28.3

Coinbase is the country's largest crypto exchange, and the Echo Acquisition marks its eighth

1:32.9

deal so far this year. The company has a market value of around $90 billion. Its shares are up

1:39.2

about 40% so far this year, as it's been capitalizing on President Trump's crypto-friendly regime.

1:46.1

And Xenergy, which makes cooling equipment used in data centers and other facilities,

1:51.1

is getting financial backing from decarbonization partners. The investment firm was formed by

1:56.9

Black Rock and Singapore's Tamasek to invest in clean energy businesses. Financial terms of the deal

2:02.4

weren't disclosed. Ex-energy said it plans to use the fresh capital to create new products and build

...

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