The company reported first-quarter revenue of $542.13 million, down 2.4% year over year but ahead of the analyst consensus estimate of $540.73 million. Adjusted earnings came in at 8 cents per share, down 84.6% from a year earlier and below analyst estimates of 21 cents. Revenue in the domestic operations segment fell 3.2% year over year to $470.69 million.
This week's high court hearings between Sting and his former bandmates in the Police, Stewart Copeland and Andy Summers, are the latest chapter in the life of a song whose negative energy seems to have seeped out into real life. Every Breath You Take is the subject of a lawsuit filed by Copeland and Summers against Sting, alleging that he owes them royalties linked to their contributions to the hugely popular song, particularly from streaming earnings, estimated at $2m (1.5m) in total.
Netflix's Q3 revenues grew 17% to $11.51 billion in line with the Street's forecast. Its impressive content line-up helped drive viewership. According to reports, KPop Demon Hunters alone added " roughly 500 million viewing hours, with another about 400 million expected in the fourth quarter." EPS of $5.87 was significantly short of the market's forecast of $6.97. Netflix no longer reports a subscriber base, but analysts believe that it continues to add viewers in non-English speaking countries.
