The chapter explores Netflix's transition from prioritizing subscriber growth to focusing on profitability, showcasing their impressive quarterly results and shift towards a more profitable future. Discussions revolve around Netflix's evolving approach to measurements, partnerships for advertising, and potential growth drivers, specifically in sports programming. The conversation also touches on market saturation, pricing strategies, and the changing landscape of TV consumption in the streaming industry.
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Bloomberg Surveillance Co-Host Paul Sweeney, Bloomberg News Earnings Reporter Redd Brown and Bloomberg Intelligence Technology and Media Analyst Geetha Ranganathan break down Netflix posting its best start to the year since 2020, attracting more new customers than anyone expected thanks to a strong slate of original programs and a crackdown on password sharing. Bloomberg News Managing Editor of Technology Lynn Doan reports on TSMC scaling back its outlook for a chip market expansion. Kate Kaminski, COO of Walton Global, shares her thoughts on the US housing market. Bloomberg News US Economy Reporter Matthew Boesler provides the details of his Businessweek Magazine story Rents Are Fed’s ‘Biggest Stumbling Block’ in Taming US Inflation. And we Drive to the Close with Burns McKinney, Portfolio Manager at NFJ Investment Group.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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