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Netflix Surpasses Earnings Expectations with 5.1 Million New Subscribers!

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Netflix added 5.1 million streaming subscribers in the third quarter of 2024, exceeding Wall Street’s expectations by over 1 million. The company anticipates further growth during the holiday season, particularly with the return of the popular Korean drama “Squid Game.”

Following the earnings report on Thursday, Netflix shares rose 3.5% to $711.98 in after-hours trading.

Subscriber Growth and Programming Success

Analysts had predicted that Netflix would gain around 4 million subscribers from July to September. The quarter saw the release of new programming, including the murder mystery “The Perfect Couple” and the romantic comedy “Nobody Wants This.”

Financial Performance

Diluted earnings per share reached $5.40, surpassing the consensus forecast of $5.12, while revenue came in at $9.825 billion, slightly ahead of the expected $9.769 billion.

Looking ahead, Netflix projected that customer additions for the final three months of the year—typically a strong period due to the Christmas holiday—would exceed those of the September quarter, although specific numbers were not disclosed.

Shift in Focus for Investors

The company has been shifting investor focus away from subscriber growth to other key metrics, such as revenue growth and profit margins. Notably, its operating margin improved to 30% in the latest quarter, up from 22% a year ago.

In a letter to shareholders, Netflix stated:

“We’ve delivered on our plan to reaccelerate our business, and we’re excited to finish the year strong with a great Q4 slate,” highlighting upcoming programming, including the second season of “Squid Game.”

Recovery from Previous Disruptions

After facing disruptions from last year’s Hollywood strikes, Netflix’s programming volume has increased significantly. The average time spent watching Netflix was reported at two hours per day per member, indicating strong viewer engagement.

Advertising Venture and Future Plans

Almost two years into its advertising venture, Netflix is focused on increasing revenue from its ad-supported plans but does not anticipate advertising to become a primary growth driver until 2026. During the September quarter, more than 50% of new signups in regions where the ad-supported service was available came from this offering.

Live Events Strategy

Part of Netflix’s strategy includes live events, such as streaming a boxing match between YouTube star Jake Paul and Mike Tyson in November, followed by its first NFL games in December. Mike Proulx, a research director at Forrester, noted:

“Advertisers want to be part of big cultural moments. Compelling live programming will always amass and unite people for a snapshot in time. For brands, that’s a captive audience who’s ripe for advertising messages.”

Conclusion

Netflix’s ability to surpass subscriber growth expectations and improve financial metrics reflects its strategic adaptations in an evolving streaming landscape. As it prepares for a busy holiday season with exciting new content and innovative features like ad-supported plans and live events, Netflix aims to solidify its position as a leader in the competitive streaming market.

With ongoing investments in original programming and an eye toward future growth avenues, including advertising, Netflix is poised for continued success as it navigates challenges and opportunities within the entertainment industry.

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

Zepto, the Bengaluru-based quick commerce startup, is preparing for its initial public offering (IPO) by facilitating a secondary share sale worth up to $250 million. This strategic move aims to increase Indian investor ownership from approximately 33% to nearly 50% before the anticipated public listing later this year or early next year.

Funding and Investor Details

The secondary sale will involve private equity firms, including Motilal Oswal Financial Services and Edelweiss Financial Services, allowing existing investors and employees to liquidate their shares. Although Zepto will not raise additional capital through this transaction, it is expected to execute the sale at a valuation of just over $5 billion, consistent with its last funding round in November 2024.

Objectives Behind the Sale

The primary goal of this secondary share sale is to enhance domestic ownership in Zepto, aligning with regulatory preferences and making the IPO more attractive to local institutional investors. Co-founders Aadit Palicha and Kaivalya Vohra currently hold about 20% of the company, and increasing Indian shareholder stakes is seen as a way to strengthen governance and influence over the company’s future direction.

Market Context

Zepto operates in India’s competitive grocery delivery market, facing challenges from established players like Amazon India, Swiggy, Zomato, and BigBasket. Founded in 2021 by Palicha and Vohra after they dropped out of Stanford University, Zepto has quickly gained traction in the quick commerce sector.

Conclusion

As Zepto approaches its IPO, this secondary share sale represents a crucial step in solidifying its position in the Indian market. By boosting domestic investor participation, Zepto aims to enhance its credibility and appeal as it prepares for a public listing amidst a wave of Indian startups entering the stock market.

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Regional OTT Platform STAGE Raises $12.5 Million to Expand Bhojpuri and Cultural Offerings

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Regional OTT platform STAGE has successfully raised $12.5 million in its Series B funding round, a move that highlights the increasing demand for regional content in India. The round was co-led by Goodwater Capital and Blume Ventures, with participation from Physis Capital and several angel investors.

The funding includes $10 million in primary capital and $2.5 million from secondary share sales, allowing early investors to partially exit. This capital will enable STAGE to enhance its content offerings, particularly in underserved languages like Bhojpuri, while strengthening its technological capabilities.

 

Since its launch in 2019, STAGE has quickly established itself as a leader in the regional OTT market, reporting an Annual Recurring Revenue (ARR) of ₹180 crore (approximately $21.7 million) and over 4.4 million paying subscribers. The platform has achieved over 20 million app installs and experienced significant growth, with a 289% increase in revenue and a 286% rise in subscribers over the past year, driven by original series such as Videshi Bahu, Kaand 2010, and Bhawani.

 

CEO Vinay Singhal emphasized that this funding is not just financial support but a validation of India’s diverse regional cultures. He noted that dialects like Haryanvi and Bhojpuri should be celebrated rather than viewed as liabilities. With this new funding, STAGE plans to further invest in content creation and technology development to enrich its storytelling experience.

 

As the demand for regional language content continues to grow, STAGE’s strategic investments position it well to expand into more languages and cultural narratives, solidifying its place in the competitive OTT landscape alongside platforms like aha video and Chaupal.

 

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From Space to Earth: Sunita Williams’ Inspiring Journey and Homecoming Celebration

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Sunita Williams, the celebrated Indian-American astronaut, recently returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Initially scheduled for just eight days, her mission was prolonged due to technical issues with the Boeing Starliner spacecraft, which rendered it unsafe for their return.

On March 19, 2025, Williams and fellow astronaut Butch Wilmore safely splashed down off the Florida coast. 

 

Their homecoming was celebrated in Jhulasan village, Gujarat, where special prayers and rituals were held to honor her safe return. Family members expressed their joy and gratitude, emphasizing her strong ties to her ancestral home.

Upon her return, Williams received accolades from Indian officials, including a letter from Prime Minister Narendra Modi, who expressed pride in her achievements and resilience. He highlighted the inspiration she provides to future generations of scientists.

 

While her return marks a moment of celebration, it also signals the start of new challenges. After spending 286 days in space, Williams will undergo a 45-day rehabilitation period to readjust to life on Earth and regain physical strength.

Sunita Williams’ journey serves as an inspiration not only for India but for aspiring scientists worldwide, showcasing the significant contributions of Indian-origin individuals in global space exploration.

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