Entertainment
Netflix posts strong earnings despite economic headwinds
Rising economic uncertainty amid a global trade war did little to dampen Netflix’s financial results in the first quarter.
The Los Gatos-based streaming giant said its first quarter revenue grew 13% to $10.5 billion, fueled by membership growth and higher prices.
Net income jumped 24% to $2.89 billion in the quarter, well ahead of the $2.48 billion that analysts had forecast, according to FactSet.
The robust growth provided further evidence of Netflix’s dominance in the streaming market during an uncertain economy.
“In times when consumers may be scrutinizing their spending on streaming services, expert sentiment remains consistent: Netflix will continue to be the default platform and the last to be cut by the vast majority of users,” said John Conca, an analyst at investment research firm Third Bridge.
Netflix stock rose 1% on Thursday, closing at $973.03 a share.
Earlier this year, Netflix raised prices on certain subscription plans in the U.S., including for its lower cost ad-supported plan, which has been growing.
During the first quarter, Netflix became home to “WWE Raw,” which analysts said helped boost the streamer’s advertising and drew significant viewership.
Some analysts said they believe Netflix will weather any pullback in the advertising market caused by global trade disputes.
Netflix launched its cheaper ad-supported tier in 2022 and it is still a small, but growing, part of its business.
“Because Netflix relies on advertising less than most of its competitors do, in some ways it will be less exposed to tariffs that constrict upfront commitments,” said Ross Benes, senior analyst at research firm EMarketer. “I don’t think the macro economic problems the world is facing are going to hit them.”
Programs that Netflix launched in the first quarter included limited series drama “Adolescence,” about a 13-year-old boy suspected of murdering his classmate. The series has drawn 124.2 million views so far and is ranked third in Netflix’s most popular English language shows of all time, surpassing the first season of Regency romance series “Bridgerton.”
Other shows that launched in the first quarter included the Shondaland mystery series “The Residence,” reality TV program “Million Dollar Secret,” Kate Hudson comedy series “Running Point” and romance movie “The Life List.”
“We’re executing on our 2025 priorities: improving our series and film offering and growing our ads business; further developing newer initiatives like live programming and games; and sustaining healthy revenue and profit growth,” Netflix said in a letter to shareholders on Thursday.
Last year, Netflix said it had more than 301 million subscribers.
Entertainment
Disney+ to include vertical videos on its app
In a bid for greater user engagement, Walt Disney Co. will introduce vertical videos to its Disney+ app over the next year, a company executive said Wednesday.
The move is part of the Burbank media and entertainment company’s effort to encourage more frequent app usage, particularly on smartphones.
“We know that mobile is an incredible opportunity to turn Disney+ into a true daily destination for fans,” Erin Teague, executive vice president of product management, said during an onstage presentation in Las Vegas at the Consumer Electronics Show. “All of the short-form Disney content you want, all in one unified app.”
Teague said the company will evolve that capability over time to determine new formats, categories and content types.
Disney’s presentation also touched on its interest in artificial intelligence. Last month, San Francisco startup OpenAI said it had reached a licensing deal with Disney to use more than 200 of the company’s popular characters in its text-to-video tool, Sora. Under the terms of that deal, users will be able to write prompts that generate short videos featuring Disney characters and use ChatGPT images to create those characters’ visages. Some of those Sora-generated videos will be shown on Disney+, though the companies said the deal did not include talent likenesses or voices.
Disney also said it would invest $1 billion into the AI company.
Part of Disney’s move toward AI is to appeal to young Gen Alpha viewers, who are more comfortable with AI and “expect to interact with entertainment” instead of simply watching stories on the screen, Teague said.
“AI is an accelerator,” she said. “It’s why collaborations with partners like OpenAI are absolutely crucial. We want to empower a new generation of fandom that is more interactive and immersive, while also respecting human creativity and protecting user safety.”
Movie Reviews
Film review: IS THIS THING ON? Plus January special screenings
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Is This Thing On?
Cinematic stories of disintegrating marriages are fairly commonplace—and often depressing emotional endurance tests, besides—so it’s interesting to see co-writer/director Bradley Cooper take this variation on the theme in a fresher direction. The unhappy couple in this place is Alex and Tess Novak (Will Arnett and Laura Dern), who decide matter-of-factly to separate. Then Alex impulsively decides to get up on stage at an open-mic comedy night, and starts turning their relationship issues into material. The premise would seem to suggest an uneven balance towards Alex’s perspective, but the script is just as interested in Tess—a former Olympic-level volleyball player who retired to focus on motherhood—searching for her own purpose. And the narrative takes a provocative twist when their individual sparks of renewed happiness lead them towards something resembling an affair with their own spouse. The screenplay faces a challenge common to movies about comedians in that Alex’s material, even once he’s supposed to be actively working on it, isn’t particularly good, and Cooper isn’t particularly restrained in his own supporting performance as the comic-relief buddy character (who is called “Balls,” if that provides any hints). Yet the two lead performances are terrific—particularly Dern, who nails complex facial expressions upon her first encounter with Alex’s act—as Cooper and company turn this narrative into an exploration of how it can seem that you’ve fallen out of love with your partner, when what you’ve really fallen out of love with is the rest of your life. Available Jan. 9 in theaters. (R)
JANUARY SPECIAL SCREENINGS
KRCL’s Music Meets Movies: Dig! XX @ Brewvies: As part of a farewell to Sundance, Brewvies/KRCL’s regular Music Meets Movies series presents the extended 20th anniversary edition of the 2004 Sundance documentary about the rivalry between the Dandy Warhols and Brian Jonestown Massacre as they chart different music-biz paths. The screening takes place at Brewvies (677 S. 200 West) on Jan. 8 @ 7:30 p.m., $10 at the door or 2-for-1 with KRCL shirt. brewvies.com
Trent Harris weekend @ SLFS: Utah’s own Trent Harris has charted a singular course as an independent filmmaker, and you can catch two of his most (in)famous works at Salt Lake Film Society. In 1991’s Rubin & Ed, two mismatched souls—one an eccentric, isolated young man (Crispin Glover), the other a middle-aged financial scammer—wind up on a comedic road trip through the Utah desert; 1995’s Plan 10 from Outer Space turns Mormon theology into a crazy science-fiction parody. Get a double dose of uncut Trent Harris weirdness on Friday, Jan. 9, with Rubin & Ed at 7 p.m. and Plan 10 from Outer Space at 9 p.m. Tickets are $13.75 for each screening. slfs.org
Rob Reiner retrospective @ Brewvies Sunday Brunch: Last month’s tragic passing of actor/director Rob Reiner reminded people of his extraordinary work, particularly his first handful of features. Brewvies’ regular “Sunday Brunch” series showcases three of these films this month with This Is Spinal Tap (Jan. 11), The Princess Bride (Jan. 18) and Stand By Me (Jan. 25). All screenings are free with no reservations, on a first-come first-served basis, at noon each day. brewvies.com
David Lynch retrospective @ SLFS: It’s been a year since the passing of groundbreaking artist David Lynch, and Salt Lake Film Society’s Broadway Centre Cinemas marks the occasion with some of his greatest filmed work. In addition to theatrical features Eraserhead (Jan. 11), Inland Empire (Jan. 11), Mulholland Dr. (Jan. 12), Twin Peaks: Fire Walk With Me (Jan. 14), Blue Velvet (Jan. 19) and Lost Highway (Jan. 19), you can experience the entirety of 2017’s Twin Peaks: The Return on the big screen in two-episode blocs Jan. 16 – 18. The programming also includes the 2016 documentary David Lynch: The Art Life. slfs.org
Death by Numbers @ Utah Film Center: Directed by Kim A. Snyder (the 2025 Sundance feature documentary The Librarians), this 2024 Oscar-nominated documentary short focuses on Sam Fuentes, survivor of a school shooting who attempts to process her experience through poetry. This special screening features a live Q&A with Terri Gilfillan and Nancy Farrar-Halden of Gun Violence Prevention Center of Utah, with Zoom participation by Sam Fuentes. The screening on Wednesday, Jan. 14 at 7 p.m. at Utah Film Center (375 W. 400 North) is free with registration at the website.
Entertainment
Spotify digs in on podcasts with new Hollywood studios
Just down the street from Roc Nation, SiriusXM and Sony Music, Spotify is joining Hollywood’s Sycamore media district with a brand-new podcast studio facility.
The new, invitation-only space will be the company’s second studio location in Los Angeles and will cater mostly to video podcasts.
When Spotify moved into its campus in the Arts District in 2021, podcasting was primarily an audio experience, and the DTLA studios reflected that. But as the listening format began to evolve into a visual one, Roman Wasenmüller, Spotify’s vice president of podcast and video, said the company needed to revamp and expand its facilities to meet the growing demand.
The Arts District studios will remain open and focus on audio content while the new Hollywood location will provide a “video-first environment.” The nearly 11,000-square-foot space includes five different studio areas that can accommodate a variety of setups, including cozier interview settings and vast recording spaces for big groups. And unlike other rentable studios around L.A., the space will be staffed by Spotify employees, who can help produce the show.
“It was just clear to us that we need more facilities than we had before, but also at the same time, we just need to figure out what the right setup would be so that we can succeed in this new world of podcasting,” said Wasenmüller.
The Hollywood location will partially function as a homebase for the Ringer, an L.A.-based media brand focused on sports and pop culture. The company was founded by sportswriter Bill Simmons and was bought by Spotify in 2020.
Recently, Spotify announced that several of the Ringer’s video podcasts will start streaming on Netflix in early 2026. Shows like “The Rewatchables,” “Ringer-Verse” and “The Hottest Take” will soon be recorded at the new outpost.
These studios won’t be exclusive to the Ringer. Wasenmüller said the space provides the opportunity for creators of all kinds to host interviews and guests while they are in Los Angeles.
Traveling while podcasting has always been a challenge for Chris Williamson, the host of the self-improvement and philosophy podcast “Modern Wisdom.” The 37-year-old recalls struggling alongside his producer to make filming possible in various Airbnbs and warehouses.
“There’s been a number of times where I’m passing through L.A. and I’ve desperately needed a spot to record with someone. This new space would have been perfect. I would have made a lot of use of it,” said Williamson. “It’s just another indication that [Spotify is] putting their money where the priorities are. If I’m in town, I imagine that I’ll be dropping into [the studios] regularly.”
Williamson is a member of the Spotify Partner Program, which is also seeing a sizable expansion, as the platform continues to invest in the podcasting industry. The monetization program was launched last year, and it allows creators to directly monetize their content on the streaming platform with ads and revenue from video podcasts. Spaces like the new Spotify Sycamore Studios are also available exclusively to members of the Spotify Partner Program. Since its introduction, monthly podcast consumption on the platform has nearly doubled.
As a member of the program since it began, Williamson said he’s seen a significant increase in revenue, adding that he was able to make more than seven figures in 2025, with an average of six figures monthly.
“It was like a human centipede where Spotify paid us to put more video on Spotify, which meant that we got bigger on Spotify and that meant they paid us more money,” said Williamson. “It was this sort of self-reinforcing circuit, and it helped.”
Over the last five years, the company estimates that its investments in the podcast industry have generated more than $10 billion in revenue. There are nearly 7 million podcast titles available for streaming, with some of the company’s most popular shows including Amy Poehler’s “Good Hang” and “The Joe Rogan Experience.” Though Spotify has continued to invest in podcasts, it has not been immune to volatility in the business. The company’s podcast division has previously undergone restructuring, including layoffs, cutting back shows and dissolving previously purchased production companies like Gimlet.
Founded in 2006, Spotify has become the world’s most popular audio streaming subscription service with over 713 million users. The streamer, based in Sweden, is available in more than 180 markets and has a library of over 100 million tracks and 350,000 audiobooks. Spotify shares closed at $571 on Tuesday, down 3.7%.
“Podcasts are now absolutely in main culture. When we started in podcasting, it was a very niche medium,” said Wasenmüller. “But now you look at where it is [today] and podcasting is a main medium across all big platforms like Netflix and YouTube. Even the [Golden] Globes are having a podcast category for the first time. There’s something big happening. To a certain extent, it’s the future of entertainment.”
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