Welcome to the Tech Mem Right Home for Wednesday, April 19th, 2023 I'm Brian McCullough today.

That Netflix ad tier seems to be paying off, but it's also the end of the road for those famous red envelopes.

We're about to see a fold-a-pixil phone, more layoffs from Meta, more links in Bio for

Instagram, and forget Data being the new oil.

What if data was the new fertile farmland to be rented out to

L.L.M. for harvesting.

Here's what you miss today in the world of tech.

Netflix kicked off tech earnings season by revealing revenue was up 4% year over year to 8.16 billion dollars but only 1.8 million in paid net subscriber editions versus the 2.06 million that was expected.

Although global streaming paid memberships were up 5% year over year to 232.5 million.

But remember, Netflix makes more average revenue per user in North America than in other markets.

So kind of a flat quarter for them all at all, but also why it was interesting.

That, based on the numbers they shared, it looks like Netflix is making slightly more

Arpooh from users on its ad ad supported tier than it does on its ad free tier.

Remember, the ad supported tier costs $6.99 per month and you still get the ads that they can sell

to you, but if you run the numbers the

ad tier seems to be producing more ARPU than the $15.49 per month that

Netflix charges for that you know base level tier.

Quoting Rehard Jark on Twitter,

not that long ago.

Netflix was an endless cash burning business.

Today they reported $2.1 billion in free cash flow in Q1. With the crackdown on password sharing,

ad-tier maturing and AI helping reduce costs of content production, the

...