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Netflix crushes subscriber forecasts again with more than 9M new customers

second straight quarter on Thursday as ad-supported streaming plans helped bring in 9.3 million new customers as the streaming giant’s decision to crack down on password sharing continue to pay dividends.Earnings per share for January through March came in at $5.28, compared with $2.88 a year earlier.Netflix revenue rose 14.8% to nearly $9.4 billion during the period, when the service debuted titles such as sci-fi drama series “3 Body Problem” and crime thriller “Griselda.”Operating income totaled $2.6 billion, a year-over-year increase of 54%.Analysts had expected Netflix to gain roughly 5 million subscribers around the world during the quarter, according to LSEG data, after record gains at the end of 2023.The additions brought Netflix’s total subscribers to 269.6 million at the end of March.“We have built a hard to replicate combination of a strong slate, superior recommendations, broad reach and intense fandom, which drives healthy engagement on Netflix,” the company said in a letter to shareholders.As competitors such as Walt Disney are losing money from their streaming efforts, Netflix keeps gaining customers and building profit. In the shareholder letter, the company said it would work to improve the variety and quality of its entertainment and scale its advertising business to grow further.Netflix began offering ad-supported plans, which cost less than half of the options without commercials, in November 2022.
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Netflix crushes subscriber forecasts again with more than 9M new customers
second straight quarter on Thursday as ad-supported streaming plans helped bring in 9.3 million new customers as the streaming giant’s decision to crack down on password sharing continue to pay dividends.Earnings per share for January through March came in at $5.28, compared with $2.88 a year earlier.Netflix revenue rose 14.8% to nearly $9.4 billion during the period, when the service debuted titles such as sci-fi drama series “3 Body Problem” and crime thriller “Griselda.”Operating income totaled $2.6 billion, a year-over-year increase of 54%.Analysts had expected Netflix to gain roughly 5 million subscribers around the world during the quarter, according to LSEG data, after record gains at the end of 2023.The additions brought Netflix’s total subscribers to 269.6 million at the end of March.“We have built a hard to replicate combination of a strong slate, superior recommendations, broad reach and intense fandom, which drives healthy engagement on Netflix,” the company said in a letter to shareholders.As competitors such as Walt Disney are losing money from their streaming efforts, Netflix keeps gaining customers and building profit. In the shareholder letter, the company said it would work to improve the variety and quality of its entertainment and scale its advertising business to grow further.Netflix began offering ad-supported plans, which cost less than half of the options without commercials, in November 2022.
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‘Ted’ star was stressed taking over for Mark Wahlberg in series: I made sure ‘no Bostonians got angry’
“Ted” star Max Burkholder’s association with series creator Seth MacFarlane dates back to Burkholder’s childhood.“I did voiceover work for [MacFarlane’s series] ‘Family Guy,’ ‘American Dad,’ ‘The Cleveland Show,’ so in a weird way I’ve been working with Seth in some capacity for 20 years,” Burkholder, 25, told The Post.“And just because I was a little kid hanging around the ‘Family Guy’ offices, when it came time for the table read for the first ‘”Ted” movie, they needed someone to play the creepy little kid character — and so I did that when I was probably around 10.” “Ted,” streaming on Peacock, is a prequel to the 2012 and 2015 movies (“Ted” and “Ted 2“) in which a foul-mouthed talking teddy bear, Ted (MacFarlane), is brought to life by his pal, 30-year-old John Bennett (Mark Wahlberg in both movies) — and eventually interferes with John’s love life.Burkholder plays 16-year-old John in the TV adaptation, set in 1993 in Framingham, Mass., as John adapts to high school — helped (or hindered) by Ted (voiced by MacFarlane and brought to life via sophisticated computer animation).Scott Grimes and Alanna Ubach play John’s Archie Bunker-type father, Matty, and good-natured mother, Susan; his older, liberal cousin, Blaire (Giorgia Whigam), attends Emerson College and lives with the family due to a sketchy situation with her parents.Burkholder said he was very conscientious about nailing John’s Boston accent.“I worked very hard on that,” he said.
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