{"id":115478,"date":"2024-10-18T07:27:02","date_gmt":"2024-10-18T00:27:02","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=115478"},"modified":"2024-10-18T07:27:02","modified_gmt":"2024-10-18T00:27:02","slug":"top-execs-offer-u-s-outlook-during-q3-earnings-call","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=115478","title":{"rendered":"Top Execs Offer U.S. Outlook During Q3 Earnings Call"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tAfter delivering <a href=\"https:\/\/deadline.com\/2024\/10\/netflix-q3-earnings-streaming-subscribers-1236119127\/\">a solid third-quarter earnings report<\/a>, <a href=\"https:\/\/deadline.com\/tag\/netflix\/\" id=\"auto-tag_netflix\" data-tag=\"netflix\">Netflix<\/a> execs fielded the question top of mind for most investors (though definitely not for inflation-wracked subscribers): When will they raise prices in the U.S.?<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\t\u201cOur approach to pricing has been remarkably consistent over many, many years,\u201d Co-CEO <a href=\"https:\/\/deadline.com\/tag\/greg-peters\/\" id=\"auto-tag_greg-peters\" data-tag=\"greg-peters\">Greg Peters<\/a> said. \u201cOur core theory is, we\u2019ve got to work really, really hard to make sure we are delivering more value to members every quarter. Then, we assess based on how that\u2019s going, through metrics like engagement, acquisition and retention, did we do a good job there? How we actually deliver that promise of more value. If we do, then we occasionally ask members to pay a bit more, so we can invest that forward and keep that whole process going.\u201d<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tNetflix has raised prices of various plans half a dozen times in the U.S. and Canada since 2015, most recently in 2023. As the streaming field has grown crowded, upstarts have also stepped up their prices, especially for ad-free and stand-alone services. Apple TV+, which launched at $5.99 a month in November 2019, has nearly doubled to $9.99. \u201cStream-flation\u201d has also hit at a time when the cost of consumer goods like groceries has gone up 30% over the past two years, though the rate of inflation has recently decreased significantly.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tPeters, speaking during a video call focused on the quarterly results, didn\u2019t offer any specific timeline for the U.S. In a recent format shift, Netflix made the video earnings call a live event and ditched the previous setup, in which an analyst would moderate the call and pepper execs with questions. Spencer Wang, Vice President, Finance, IR and Corporate Development, now leads the quarterly conversation, citing analysts who have submitted questions and then reading the questions aloud.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\t<strong>RELATED: <a href=\"https:\/\/deadline.com\/2024\/10\/ted-sarandos-netflix-talent-compensation-1236119431\/\">Ted Sarandos Says Netflix Is Open To \u201cBespoke\u201d Deals On Talent Pay, But It \u201cRarely\u201d Happens Because Stars Prefer Being Paid Upfront<\/a><\/strong><\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tIn teeing up the topic of pricing, Wang said the query came from Rich Greenfield at Lightshed Partners, one of three references to him during the call. Greenfield in particular was curious, according to Wang, why the company wouldn\u2019t look to boost prices in the very near term, given the strength of its content slate at the end of 2024 and heading into 2025.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tAs other execs chuckled at the topic of pricing being raised, Peters joined in the laughter and joked that \u201cWe\u2019re going to invite Rich to join our pricing committee.\u201d CFO Spence Neumann later quipped he had \u201cquiet\u201d for a stretch of the call because he was busy \u201cgetting off the pricing committee\u201d to make room for Greenfield.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tA different analyst asked about the gap between the $6.99 Basic With Ads tier and the most popular level of service, Standard, which went to $15.49 in 2022. The cheaper plan \u201crepresents an incredible value,\u201d Peters said, and the company intends to continue offering a \u201cspread\u201d of various plans. \u201cEvery plan has to earn its spot on the roster,\u201d the Co-CEO said. \u201cIt has to deliver enough value to consumers\u201d that it doesn\u2019t \u201cadd to the complexity\u201d and induce consumer confusion.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\t<strong>RELATED: <a href=\"https:\/\/deadline.com\/2024\/10\/ted-sarandos-netflix-theatrical-releases-1236119408\/\">Ted Sarandos Defends Netflix\u2019s Tough Stance On Theatrical Releasing: \u201cWe Are In The Subscription Streaming Business, And You Can See Our Results\u201d<\/a><\/strong><\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tBeyond the U.S., Peters acknowledged, there are \u201ca couple of countries\u201d where the company has recently upped rates. Often the company tests out price changes to gauge consumer reaction before rolling them out more broadly, the exec noted.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto     \">\n\tIn its quarterly letter to shareholders accompanying the financials, Netflix said it recently raised prices in parts of the EMEA region as well as Japan. Starting tomorrow, it added, prices are going up in Spain and Italy.<\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/deadline.com\/2024\/10\/netflix-price-hikes-executives-q3-earnings-call-1236119418\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After delivering a solid third-quarter earnings report, Netflix execs fielded the question top of mind for most investors (though definitely not for inflation-wracked subscribers): When will they raise prices in &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=115478\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-115478","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115478"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115478\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}