Tag: Results

Netflix Loses Market Leader Status to Showmax

In Africa, Netflix is losing its market leader status as Showmax claims a 40% share of the streaming market. Despite investing millions on local content, subscription growth remains stagnant. However, a recent 6.8% increase in subscriptions has generated $135 million revenue for Netflix. Challenges such as limited credit and debit card penetration limit further growth.

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Commscope Tries to Race Past Bankruptcy Court

CommScope, a telecom vendor, recently saw its shares drop drastically to below $1.80 amidst a reduced EBITDA guidance and the potential sale of access networks and wireless units. While Raymond James upgraded it to “market perform”, the risk of bankruptcy still lingers.

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Samsung TV Plus Reports 60% Yoy Jump in Viewing

Samsung TV Plus now offers 300+ channels in the U.S., plus global content and feature updates like 5.2 which includes dedicated kids and music destinations, holiday titles, seasonal playlists and more. Major news networks are available, as well as multicultural channels like Ebony TV with beloved films and titles.

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