The Latest Breaking News from Greg Peters

Netflix on Tuesday said that its number of subscribers hit a record high 232.5 million in the first quarter of the year and that its nascent ad-supported tier was faring well. The streaming television giant reported a quarterly profit of $1.3 billion, in line with expectations, but said it had…

Netflix’s DVD-by-mail service is coming to an end.

Netflix’s incoming co-CEO Greg Peters has a long track record of leading major diversification efforts at the streaming giants.

Netflix Inc. co-founder Reed Hastings is stepping aside as chief executive officer of the company he’s led for more than two decades, leaving the position to his two longtime associates, Ted Sarandos and Greg Peters.

Netflix’s subscriber growth is surging again

After losing millions of subscribers in the first half of 2022, Netflix's new subscription with advertisements launched Friday — ending the streaming giant's model of offering content without commercials.

Netflix on Tuesday reported that it gained more than 2 million subscribers in the recent quarter, calming investor fears that the streaming giant was losing paying customers. The company said it ended the third quarter with slightly more than 223 million subscribers worldwide, up some 2.4 million, after seeing subscriber…

The Basic with Ads tier will be available in the UK from November 3 - the adverts will be 15 or 30 seconds in length and will play before and during shows

Netflix on Thursday said a subscription option subsidized by ads will debut in November across a dozen countries as the streaming service strives to jumpstart stalled growth. Netflix reported a loss of 970,000 subscribers in the second quarter along with stagnant profits, and its share price is down 63 percent…