{"id":165524,"date":"2022-10-18T23:37:19","date_gmt":"2022-10-18T23:37:19","guid":{"rendered":"https:\/\/precoinnews.com\/?p=165524"},"modified":"2022-10-18T23:37:19","modified_gmt":"2022-10-18T23:37:19","slug":"netflix-will-consider-content-spending-boost-after-positive-subscriber-numbers","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/netflix-will-consider-content-spending-boost-after-positive-subscriber-numbers\/","title":{"rendered":"Netflix Will Consider Content Spending Boost After Positive Subscriber Numbers"},"content":{"rendered":"<p>Netflix is spending around $17B on content this year and next but has hinted that it may boost this after a strong quarter.<\/p>\n<p>The streamer reported positive subscriber numbers today after two quarters of subs losses, giving it more confidence that the great comeback has started.<\/p>\n<p>Co-CEO Ted Sarandos said, during its quarterly YouTube investor video, that it will &ldquo;revisit&rdquo; the $17B figure, which has been spent on hit shows such as <em>Stranger Things 4, Dahmer <\/em>and<em> The Gray Man. <\/em><\/p>\n<h4>Related Story<\/h4>\n<h3>Netflix Execs Don&#039;t Expect Subscriber Shift From Ad-Free To Ad-Supported Tier Despite Cheaper Price<\/h3>\n<\/p>\n<p>&ldquo;What we&#8217;re seeing is that the both the scope and scale, as well as the range and the cadence of hits is improving, so I feel better and better about that $17B of content spend because what we have to do is be better at getting more impact per billion dollar spend than anybody else. That&#8217;s how we&#8217;re focusing on it. I think we&#8217;re spending at about the right level. As we re-accelerate revenue, we&#8217;ll revisit that number, of course, but we&#8217;re pretty disciplined bunch about that,&rdquo; he said.<\/p>\n<p>This comes three months after CFO Spencer Neumann said $17B was &ldquo;the right ZIP code&rdquo; for spending.<\/p>\n<p>Netflix posted global subscriber levels of 223.09 million, up from 220.67 million in the prior quarter. Revenue and&nbsp;earnings&nbsp;per share also both came in ahead of Wall Street expectations.<\/p>\n<p>Revenue of $7.93 billion and earnings per share of $3.10 exceeded forecasts for $7.84 billion and $2.19, respectively.<\/p>\n<p>After years of relying on debt and having negative cash flow as it sought scale, Netflix has become a consistently cash-flow-positive company. Free cash flow in the quarter was $472 million, compared with -$106 million in the same period a year ago. For all of 2022, the company expects to be north of $1 billion before experiencing what the letter called &ldquo;substantial growth&rdquo; in free cash flow in 2023.<\/p>\n<h2>Must Read Stories<\/h2>\n<h3>Dwayne Johnson Grabs Your Attention In New Line\/DC&#8217;s &#8216;Black Adam&#8217;<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2022\/10\/MCDBLAD_WB003.jpg\"><\/p>\n<h3>Beats Analyst Estimates In Comeback Quarter, Eyes More Vidgames Based On Own IP<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2022\/10\/Netflix-stock-illo.jpg\"><\/p>\n<h3>Danny Masterson Rape Trial Gets Underway; Kevin Spacey Back On Witness In Civil Case<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2022\/10\/danny-1.jpg\"><\/p>\n<h3>Fox News&#8217; Greg Gutfeld Finds An Audience But Eschews The Traditional Late-Night Club<\/h3>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/deadline.com\/wp-content\/uploads\/2021\/04\/Gutfeld-New-Set-3.jpg\"><\/p>\n<h2>Read More About:<\/h2>\n<p>Source: <a href=\"https:\/\/deadline.com\/2022\/10\/netflix-will-consider-content-spending-boost-1235148838\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Netflix is spending around $17B on content<\/p>\n","protected":false},"author":3,"featured_media":165523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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