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Netflix is done telling us how many people use Netflix
Although subscriber metrics are an important signal to Wall Street that show how quickly a company is growing, Netflix isn't the first company to do this.
Xbox Game Pass subscriptions have begun to taper off
Game Pass, Microsoft’s subscription service for games, has 34 million subscribers as of February 2024. That's just 18 percent more than it had two years before.
Spotify reaches 205 million Premium subscribers as losses mount
Spotify just released its Q4 earnings and announced that it now has 205 million premium subscribers, up 10 million from last quarter.
HBO and HBO Max gained 3 million subscribers before splitting from AT&T
HBO Max and HBO picked up 3 million subscribers in the same quarter that Netflix lost 200,000 of them for the first time in years.
HBO hit with class action lawsuit for allegedly sharing subscriber data with Facebook
HBO is facing a class action lawsuit over allegations that it gave subscribers' viewing history to Facebook without proper permission.
Tinder is rolling out its own in-app 'coins'
Tinder will introduce a virtual in-app currency designed to help users spend more time on the site and eventually pay real money.
Medium's Partner Program will start paying writers for subscriber referrals
Medium has announced changes to its Partner Program, offering writers extra incentives for referring new subscribers.
Spotify is adding users faster than it thought it would
After a short COVID-19 related slump in Q1 2020 and a rebound in Q2, Spotify saw big growth in subscriber numbers for its latest earnings period.
Netflix releases worldwide subscriber stats by region for the first time
For the first time, Netflix is reporting its international business operating results by region. In a filing with the Securities and Exchange Commission (SEC), Netflix shared its streaming revenue and membership info for the US and Canada; Europe, Middle East and Africa; Asia-Pacific and Latin America. This change in how Netflix reports its earnings data highlights how important markets outside the US have become -- especially as Netflix faces new competition.
HBO Max can't come fast enough for AT&T
If AT&T's convoluted TV streaming options didn't convince you that the company was struggling, maybe its Q3 earnings will. According to the latest earnings report, released today, the company's revenue dropped 2.5 percent, with Warner Media revenue falling 4.4 percent, in the third quarter. It lost 1.2 million premium TV subscribers, and AT&T Now lost nearly 200,000 subscribers.
YouTube will stop displaying exact follower counts in September
In an attempt to take the pressure off of creators, YouTube is changing the way it displays how many followers an account has. Throughout September, the platform is rolling out abbreviated public subscriber counts. For example, if a creator has 1,234,567 subscribers, viewers will see that the count as 1.23M. YouTube announced the change in May, but it released more details this week. As you might imagine, users are not happy.
Apple Music now has 60 million paid subscribers
Apple Music now has 60 million paying subscribers. The company's Eddy Cue, a senior vice president of services, confirmed the milestone with French business publication Numerama today. According to Music Business Worldwide, Apple also noted that Beats 1 has "tens of millions of listeners."
Spotify added 8 million paid subscribers thanks to family plans
For its second ever earnings report, Spotify said it now has 83 million paid subscribers, up 8 million over its first earnings quarter in May. That's a pretty significant boost, and at the top end of what investors were expecting. A lot of that growth has come via its Family Plan program, and Spotify notes that people signing up for it tend to stick around longer than individual subscribers.
Netflix's shows didn't pull in as many new customers as expected
Netflix is spending billions of dollars on new shows and movies this year, with an expectation that this will add to its subscriber base. Unfortunately, over the last three months, that plan didn't work quite as well as it had predicted. In April the company notched 125 million subscribers and predicted it would add 6.2 million more. Today it announced numbers (PDF) that CEO Reed Hastings called "strong but not stellar" growing by 5.15 million customers worldwide with about 670,000 of in the US compared to the 1.2 million it anticipated. Even that number isn't too shabby, since last year during the same period it added 5.2 million people to pass the 100 million subscriber mark. The letter did highlight all of those Emmy nominations, which show that it has delivered quality along with the quantity, plus much of the highly-anticipated content that has yet to debut in 2018. What it didn't go into was any note of the "Ultra" price testing users recently spotted in Europe, or the public response to possible feature restrictions and higher prices. Netflix will stream a video of its earnings call at 6 PM ET on YouTube, and if we hear any interesting answers to those questions or others then we will update this post. Update: The video call is live (embedded after the break), and begins with execs saying the "fundamentals have never been stronger" citing the forecasting as incorrect this time more than any factor slowing growth.
Apple Music celebrates 40 million subscribers with a new boss
Apple Music has been reported as growing faster than Spotify in the US, adding five percent to its subscriber base each month, as compared to Spotify's two percent growth. Now Apple's streaming service has hit a new milestone: 40 million subscribers, according to a report at Variety (which was also hinted at by a European Apple Music employee last week). The company also announced the that long-time Apple executive Oliver Schusser will take over as vice president of Apple Music and International Content. He'll report directly to Eddy Cue, who hired Schusser 14 years ago.
MoviePass adds 500,000 subscribers within a month
MoviePass' $10-per-month subscription service was a hit from the start, enough to crash the company's website when it was first announced. It looks like demand isn't slowing down anytime soon either: it has gained 500,000 more subscribers merely a month after it reached 1.5 million users. The fact that MoviePass cut off members' access to some popular AMC theaters had little effect, if any. It's easy to see why 2 million would sign up: for 10 bucks a month -- an ongoing promo even cuts the price down to $7.95 -- they're entitled to see one 2D film a day, every day, without paying extra.
Hulu now boasts 17 million subscribers
Hulu announced today that it ended 2017 with over 17 million subscribers, a whopping 40 percent growth compared to the numbers it released in 2016. That's a pretty big jump and not only did the streaming service close out last year on a high note, it started this year off with two Golden Globes for its original The Handmaid's Tale. The show also helped get Hulu 10 Emmys in September and was one of Hulu's top three watched dramas last year.
People are really into MoviePass’ unlimited cinema subscription
MoviePass, the deal that eliminates the eye-watering cost of going to the flicks, has passed the one million mark in paid subscribers -- not bad for a service that movie chain AMC lambasted as "unsustainable" earlier this year. Film fans can see a movie a day for $9.95 per month, or $6.95 if paid for the year in advance.
Is Tidal being honest about its subscriber numbers?
It's no secret that Tidal is well behind the likes of Spotify and Apple Music when it comes to subscriber numbers. A report today from Dagens Næringsliv indicates that the Jay Z-led streaming service is even further behind than it's admitting. The Norwegian newspaper says it reviewed internal documents, including reports on payments to record labels, that show a big discrepancy between what the company was publicizing and the actual subscriber totals.
Apple Music has 20 million paid subscribers
Apple says it added three million Music users since September, bringing its total subscriber count to 20 million. Furthermore, VP Eddy Cue tells Billboard that 60 percent of those are new customers who haven't purchased an iTunes song in the last year. By contrast, Spotify announced it had 40 million users in September, after adding 10 million premium subscribers in a six month period.
