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Morning Brew Daily
Netflix Cashes In on Ads and Password-Sharing Crackdown & AI Lawyer Fail
Oct 19, 2023
29:18
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The podcast explores Netflix's surge in subscribers and earnings, their transition phase, and their first live sporting event. They also discuss Tesla's recent earnings call and the limitations of AI in the legal profession. Additionally, they touch on spicy peppers, remote work rates, Meta's new VR headset, and augmented reality devices.
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Quick takeaways
- Netflix's crackdown on password sharing leads to an increase in subscribers and the launch of its ad-supported tier fuels strong growth.
- The use of AI in a criminal case raises concerns about erroneous outputs and the implications for the legal profession.
Deep dives
Netflix's strong Q3 earnings fuel subscriber growth
Netflix reported better-than-expected Q3 earnings, with a significant boost in subscribers, driven in part by its crackdown on password sharing. The company added 8.76 million global subscribers during the quarter, exceeding Wall Street expectations. The launch of its ad-supported tier also saw strong growth, increasing nearly 70% quarter over quarter. Netflix's price hikes, set to roll out in 2022, show its intent to capitalize on its momentum and increase revenue per subscriber.
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