• Media, Entertainment & Tech

    Netflix saw sales growth in Q1 2023, while new ad-supported subscription tier is still catching on

    On April 18, 2023, Netflix (NASDAQ: NFLX) announced its FY23 Q1 revenue results. Despite initiatives aimed at boosting its sales and subscription numbers, such as the recently introduced ad-supported subscription tier, Netflix reported an earnings miss. Transaction data shows that while the company’s Q1 2023 U.S. sales grew compared to Q1 2022 and Q1 2021, … Continued
    —
    • Media, Entertainment & Tech

    AMC sales in June surpassed pre-pandemic levels

    With summer blockbusters attracting moviegoers back to the box office, consumer transaction data reveals that U.S. sales for AMC Entertainment Holdings (NYSE: AMC) in June 2022 tripled compared to the same month last year. Our analysis further shows that the movie theater chain’s sales and average monthly sales per customer are higher than they were … Continued
    —
    • Media, Entertainment & Tech

    Amazon Music and Spotify saw subscriber growth for U.S. paid plans

    While some video streaming platforms have recently implemented ad-supported tiers or experienced declining subscriber counts, our data shows that as of March 2022, major music streaming subscription services like Spotify (NYSE: SPOT) and Amazon Music continued seeing subscriber growth in the U.S. for their paid subscription plans.
    —
    • Media, Entertainment & Tech

    Streaming services see slightly higher customer retention with ad-free plans

    Even as new competitors have entered the streaming wars, Netflix and the Disney+ bundle had the highest overall average customer retention rates in 2021. A further breakdown of streaming services’ customer retention by acquisition price point shows that most ad-free streaming plans also had higher customer retention rates than their ad-supported counterparts.
    —
    • Media, Entertainment & Tech

    Consumers swipe right on online dating subscriptions during the pandemic

    Throughout the pandemic, consumers have turned to online dating platforms to find love and make new friends. Our analysis of major online dating services reveals that Bumble experienced the strongest increases in paid subscribers early on in the pandemic, as well as a second boost during the summer of 2021.
    —