Questões de Concurso

Texto para as questões 1 a 10:

Oceanos batem recorde de calor em meio à falta de ações

1Recorde de temperaturas, ondas de calor cada vez mais frequentes e acidificação acelerada: o mais recente relatório

da OMM (Organização Meteorológica Mundial) confirmou uma série de indicadores negativos para os oceanos.

As águas, que cobrem mais de 70% da superfície da Terra, têm um papel importante na regulação do clima. A maior

parte da energia acumulada no sistema atmosférico vai para os oceanos, que foram fundamentais para que as temperaturas

5 globais não se elevassem ainda mais nas últimas décadas.

Os dados mais recentes evidenciam, contudo, uma rápida degradação das condições dos mares. Ano mais quente da

história da humanidade, 2023 ficou marcado também por um aumento sem precedentes das ondas de calor marinhas, que

chegaram a uma cobertura média diária de 32% dos oceanos. No recorde anterior, em 2016, as cifras eram de 23%.

A situação mereceu um alerta especial da OMM, que é vinculada à ONU (Organização das Nações Unidas). “A escala

10 de tempo dos oceanos não é tão rápida quanto a da atmosfera. Mas, uma vez que a mudança está estabelecida, eu diria que

é quase irreversível”, avaliou a secretária-geral da entidade, Celeste Saulo.

“A tendência é realmente muito preocupante. E isso se deve às características da água, que retém o calor por mais

tempo do que a atmosfera. É por isso que estamos prestando cada vez mais atenção ao que está acontecendo nos oceanos.”

As ondas de calor marinhas têm grande influência também no processo de branqueamento de corais, ecossistemas

15 essenciais para o equilíbrio da vida marinha. Nos últimos meses, diversas instituições, incluindo a Noaa (agência atmosférica

e oceânica americana), emitiram alertas para o risco de episódios de grandes proporções.

Nesse processo, desencadeado pelo estresse térmico, os corais expulsam as algas que vivem em seus tecidos, ficando

assim mais vulneráveis a diversos problemas, incluindo a falta de nutrientes e a doenças.

“Temos o risco de uma espécie de desertificação [da vida] dos oceanos quando esse branqueamento de corais se

20 expande muito amplamente”, disse o chefe de monitoramento climático da OMM, Omar Baddour.

Os níveis recordes de acidificação dos oceanos, resultado da absorção dos níveis sem precedentes de dióxido de

carbono, contribuem para deteriorar ainda mais os ecossistemas marinhos.

Diante desse cenário, cientistas de todo o mundo têm elevado os alertas para reforçar a proteção dos oceanos.

Em 2023, após mais de uma década de negociações, a comunidade internacional concordou com um tratado no âmbito

25 da ONU para a preservação do chamado “alto-mar”, as águas que se estendem para além do limite de 370 km da costa das

atuais jurisdições nacionais.

Até agora, os compromissos internacionais de preservação se enquadravam nas águas nacionais. Ainda que o alto-

mar tenha sido de certa forma mais preservado historicamente, a situação se alterou nas últimas décadas.

O aumento da regulação nos mares mais próximos, combinado à crescente exaustão de recursos naturais nessas

30 regiões, tem expandido rapidamente as “fronteiras” marítimas. Além dos danos trazidos pelas mudanças climáticas, as águas

mais afastadas tornaram-se frequentemente exploradas por atividades intensivas que se aproveitam das lacunas legais.

No tratado, os países assumem o compromisso com a preservação de pelo menos 30% dos oceanos até 2030.

Atualmente, apenas cerca de 3% dos oceanos do globo estão sob proteção total ou muito elevada.

Apesar de ter sido classificado como histórico por ambientalistas, o acordo só entra em vigor quando pelo menos 60

35 países o tiverem ratificado. Até agora, apenas Palau, um Estado insular do Pacífico, e o Chile cumpriram esse requisito.

“O tratado foi um avanço muito grande na perspectiva da governança global dos oceanos. Estamos fechando uma

lacuna importante, porém ainda é necessário que os países se comprometam e ratifiquem o documento no seu cenário

doméstico”, destaca Leandra Gonçalves, doutora em relações internacionais e professora do Instituto do Mar da Unifesp

(Universidade Federal de São Paulo).

40 “O Brasil, por exemplo, ainda não ratificou”, completou a bióloga.

A necessidade dos processos de ratificação foi um dos temas debatidos na Cúpula Mundial dos Oceanos, realizada em

março em Lisboa. Diretor científico e administrador da Fundação Oceano Azul, Emanuel Gonçalves destacou a importância da

proteção dos ecossistemas marinhos.

“Nós levamos 300 anos para proteger 3% dos oceanos da pesca extrativa. Se fizermos agora a mesma coisa, vamos

45 levar mais 300 anos. Temos de fazer diferente. Precisamos acelerar os processos e garantir a proteção baseada na melhor

evidência científica”, diz o pesquisador.

A falta de financiamento para medidas de preservação tem sido historicamente um dos principais entraves ao

estabelecimento das zonas protegidas. Além de cobrar mais recursos para a implementação das áreas de proteção, Gonçalves

diz que os oceanos merecem mais espaço na agenda internacional.

50 “A relação entre o oceano e o clima tem sido algo negligenciado no âmbito das convenções das alterações climáticas

[as COPs]”, avaliou.

Para Leandra Gonçalves, embora o tema venha ganhando espaço desde a Rio+20, realizada em 2012, ainda é preciso

garantir que as discussões se transformem em medidas concretas

“Os oceanos estão ocupando um espaço maior na agenda internacional, e isso tem se refletido na agenda doméstica

55 dos países, em especial daqueles que têm grandes zonas costeiras. Mas ainda está muito tímida a prática desses países para

as questões das mudanças climáticas, da conservação da biodiversidade e da poluição”, enumerou. “Precisamos aproximar

o discurso da prática.”

Giuliana Miranda. Disponível em: https://www1.folha.uol.com.br/. Acesso em: 28 mar. 2024.

Texto para as questões 1 a 10:

Oceanos batem recorde de calor em meio à falta de ações

1Recorde de temperaturas, ondas de calor cada vez mais frequentes e acidificação acelerada: o mais recente relatório

da OMM (Organização Meteorológica Mundial) confirmou uma série de indicadores negativos para os oceanos.

As águas, que cobrem mais de 70% da superfície da Terra, têm um papel importante na regulação do clima. A maior

parte da energia acumulada no sistema atmosférico vai para os oceanos, que foram fundamentais para que as temperaturas

5 globais não se elevassem ainda mais nas últimas décadas.

Os dados mais recentes evidenciam, contudo, uma rápida degradação das condições dos mares. Ano mais quente da

história da humanidade, 2023 ficou marcado também por um aumento sem precedentes das ondas de calor marinhas, que

chegaram a uma cobertura média diária de 32% dos oceanos. No recorde anterior, em 2016, as cifras eram de 23%.

A situação mereceu um alerta especial da OMM, que é vinculada à ONU (Organização das Nações Unidas). “A escala

10 de tempo dos oceanos não é tão rápida quanto a da atmosfera. Mas, uma vez que a mudança está estabelecida, eu diria que

é quase irreversível”, avaliou a secretária-geral da entidade, Celeste Saulo.

“A tendência é realmente muito preocupante. E isso se deve às características da água, que retém o calor por mais

tempo do que a atmosfera. É por isso que estamos prestando cada vez mais atenção ao que está acontecendo nos oceanos.”

As ondas de calor marinhas têm grande influência também no processo de branqueamento de corais, ecossistemas

15 essenciais para o equilíbrio da vida marinha. Nos últimos meses, diversas instituições, incluindo a Noaa (agência atmosférica

e oceânica americana), emitiram alertas para o risco de episódios de grandes proporções.

Nesse processo, desencadeado pelo estresse térmico, os corais expulsam as algas que vivem em seus tecidos, ficando

assim mais vulneráveis a diversos problemas, incluindo a falta de nutrientes e a doenças.

“Temos o risco de uma espécie de desertificação [da vida] dos oceanos quando esse branqueamento de corais se

20 expande muito amplamente”, disse o chefe de monitoramento climático da OMM, Omar Baddour.

Os níveis recordes de acidificação dos oceanos, resultado da absorção dos níveis sem precedentes de dióxido de

carbono, contribuem para deteriorar ainda mais os ecossistemas marinhos.

Diante desse cenário, cientistas de todo o mundo têm elevado os alertas para reforçar a proteção dos oceanos.

Em 2023, após mais de uma década de negociações, a comunidade internacional concordou com um tratado no âmbito

25 da ONU para a preservação do chamado “alto-mar”, as águas que se estendem para além do limite de 370 km da costa das

atuais jurisdições nacionais.

Até agora, os compromissos internacionais de preservação se enquadravam nas águas nacionais. Ainda que o alto-

mar tenha sido de certa forma mais preservado historicamente, a situação se alterou nas últimas décadas.

O aumento da regulação nos mares mais próximos, combinado à crescente exaustão de recursos naturais nessas

30 regiões, tem expandido rapidamente as “fronteiras” marítimas. Além dos danos trazidos pelas mudanças climáticas, as águas

mais afastadas tornaram-se frequentemente exploradas por atividades intensivas que se aproveitam das lacunas legais.

No tratado, os países assumem o compromisso com a preservação de pelo menos 30% dos oceanos até 2030.

Atualmente, apenas cerca de 3% dos oceanos do globo estão sob proteção total ou muito elevada.

Apesar de ter sido classificado como histórico por ambientalistas, o acordo só entra em vigor quando pelo menos 60

35 países o tiverem ratificado. Até agora, apenas Palau, um Estado insular do Pacífico, e o Chile cumpriram esse requisito.

“O tratado foi um avanço muito grande na perspectiva da governança global dos oceanos. Estamos fechando uma

lacuna importante, porém ainda é necessário que os países se comprometam e ratifiquem o documento no seu cenário

doméstico”, destaca Leandra Gonçalves, doutora em relações internacionais e professora do Instituto do Mar da Unifesp

(Universidade Federal de São Paulo).

40 “O Brasil, por exemplo, ainda não ratificou”, completou a bióloga.

A necessidade dos processos de ratificação foi um dos temas debatidos na Cúpula Mundial dos Oceanos, realizada em

março em Lisboa. Diretor científico e administrador da Fundação Oceano Azul, Emanuel Gonçalves destacou a importância da

proteção dos ecossistemas marinhos.

“Nós levamos 300 anos para proteger 3% dos oceanos da pesca extrativa. Se fizermos agora a mesma coisa, vamos

45 levar mais 300 anos. Temos de fazer diferente. Precisamos acelerar os processos e garantir a proteção baseada na melhor

evidência científica”, diz o pesquisador.

A falta de financiamento para medidas de preservação tem sido historicamente um dos principais entraves ao

estabelecimento das zonas protegidas. Além de cobrar mais recursos para a implementação das áreas de proteção, Gonçalves

diz que os oceanos merecem mais espaço na agenda internacional.

50 “A relação entre o oceano e o clima tem sido algo negligenciado no âmbito das convenções das alterações climáticas

[as COPs]”, avaliou.

Para Leandra Gonçalves, embora o tema venha ganhando espaço desde a Rio+20, realizada em 2012, ainda é preciso

garantir que as discussões se transformem em medidas concretas

“Os oceanos estão ocupando um espaço maior na agenda internacional, e isso tem se refletido na agenda doméstica

55 dos países, em especial daqueles que têm grandes zonas costeiras. Mas ainda está muito tímida a prática desses países para

as questões das mudanças climáticas, da conservação da biodiversidade e da poluição”, enumerou. “Precisamos aproximar

o discurso da prática.”

Giuliana Miranda. Disponível em: https://www1.folha.uol.com.br/. Acesso em: 28 mar. 2024.

Read Text | and answer questions 05 to 13.

Netflix is trying to prove to the world that it's all grown up

Netflix is trying to persuade Wall Street that it is now all grown up. After squeezing out millions of additional subscribers via its password sharing crackdown and through the introduction of cheaper advertiser-supported plans, the streamer knows that its growth spurts are coming to an end — and now it wants investors to stop obsessing over those pesky membership numbers and instead focus on other metrics.

"In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential. But now we're generating very substantial profit and free cash flow. We are also developing new revenue streams like advertising and our extra member feature, so memberships are just one component of our growth", Netflix told shareholders as it reported quarterly earnings.

To that end, Netflix said that it will no longer report quarterly subscriber numbers, starting in 2025. Alas, the metric that Wall Street has forever judged Netflix on — the metric that prompted legacy media companies to burn endless piles of cash in their bids to compete with the streamer — will be retired. The decision to shut off transparency on the metric represents a significant turning point in the streaming revolution. For years, Netflix has prided itself on being extraordinarily transparent. Now it is aiming to hold its cards closer to its chest. And given that streaming giant is the trendsetter in the space, one could expect that other media companies will be inspired by the company's move and also opt to cease reporting such data.

To be fair, what Netflix is saying isn't necessarily off base either. As the company shifts its business model away from subscriptions and toward advertising and other revenue streams, it makes sense to consider how much time users are spending on the service. The more content a user consumes on Netflix, the more likely they are to continue paying for the service, and the more money Netflix then makes from that single subscriber. "We're focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction,” Netflix underscored in its letter to shareholders.

Regardless, less transparency in an already opaque industry is not ideal. The walled garden of streaming already lacks the same detailed viewership data that Nielsen collects on linear television broadcasters. Now, visibility into the streaming world will get even dimmer.

The announcement from Netflix managed to overshadow its otherwise stellar quarter. The company handily beat expectations and added a staggering 9.3 million subscribers, meaning it now boasts nearly 270 million in total. Netflix also beat analyst expectations on both earnings and revenue. However, it wasn't all good news. Netflix forecasted its subscriber growth to be lower in quarter two, chalking it up to “typical seasonality.” That led the stock to slide nearly 5% in after-hours trading.

Whether "typical seasonality” is solely to blame, or whether the streamer is simply starting to hit a ceiling, is hard to tell. Perhaps it is a mix of both. Whatever the cause, the stock sliding on the less-than-ideal outlook is a prime example of why Netflix wants Wall Street to stop focusing on its subscriber numbers. And, in one year's time, investors won't have a choice.

Adapted from: https://edition.cnn.com/2024/04/19/media/netflix-subscription-numbers/index.html

Read Text | and answer questions 05 to 13.

Netflix is trying to prove to the world that it's all grown up

Netflix is trying to persuade Wall Street that it is now all grown up. After squeezing out millions of additional subscribers via its password sharing crackdown and through the introduction of cheaper advertiser-supported plans, the streamer knows that its growth spurts are coming to an end — and now it wants investors to stop obsessing over those pesky membership numbers and instead focus on other metrics.

"In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential. But now we're generating very substantial profit and free cash flow. We are also developing new revenue streams like advertising and our extra member feature, so memberships are just one component of our growth", Netflix told shareholders as it reported quarterly earnings.

To that end, Netflix said that it will no longer report quarterly subscriber numbers, starting in 2025. Alas, the metric that Wall Street has forever judged Netflix on — the metric that prompted legacy media companies to burn endless piles of cash in their bids to compete with the streamer — will be retired. The decision to shut off transparency on the metric represents a significant turning point in the streaming revolution. For years, Netflix has prided itself on being extraordinarily transparent. Now it is aiming to hold its cards closer to its chest. And given that streaming giant is the trendsetter in the space, one could expect that other media companies will be inspired by the company's move and also opt to cease reporting such data.

To be fair, what Netflix is saying isn't necessarily off base either. As the company shifts its business model away from subscriptions and toward advertising and other revenue streams, it makes sense to consider how much time users are spending on the service. The more content a user consumes on Netflix, the more likely they are to continue paying for the service, and the more money Netflix then makes from that single subscriber. "We're focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction,” Netflix underscored in its letter to shareholders.

Regardless, less transparency in an already opaque industry is not ideal. The walled garden of streaming already lacks the same detailed viewership data that Nielsen collects on linear television broadcasters. Now, visibility into the streaming world will get even dimmer.

The announcement from Netflix managed to overshadow its otherwise stellar quarter. The company handily beat expectations and added a staggering 9.3 million subscribers, meaning it now boasts nearly 270 million in total. Netflix also beat analyst expectations on both earnings and revenue. However, it wasn't all good news. Netflix forecasted its subscriber growth to be lower in quarter two, chalking it up to “typical seasonality.” That led the stock to slide nearly 5% in after-hours trading.

Whether "typical seasonality” is solely to blame, or whether the streamer is simply starting to hit a ceiling, is hard to tell. Perhaps it is a mix of both. Whatever the cause, the stock sliding on the less-than-ideal outlook is a prime example of why Netflix wants Wall Street to stop focusing on its subscriber numbers. And, in one year's time, investors won't have a choice.

Adapted from: https://edition.cnn.com/2024/04/19/media/netflix-subscription-numbers/index.html

Read Text | and answer questions 05 to 13.

Netflix is trying to prove to the world that it's all grown up

Netflix is trying to persuade Wall Street that it is now all grown up. After squeezing out millions of additional subscribers via its password sharing crackdown and through the introduction of cheaper advertiser-supported plans, the streamer knows that its growth spurts are coming to an end — and now it wants investors to stop obsessing over those pesky membership numbers and instead focus on other metrics.

"In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential. But now we're generating very substantial profit and free cash flow. We are also developing new revenue streams like advertising and our extra member feature, so memberships are just one component of our growth", Netflix told shareholders as it reported quarterly earnings.

To that end, Netflix said that it will no longer report quarterly subscriber numbers, starting in 2025. Alas, the metric that Wall Street has forever judged Netflix on — the metric that prompted legacy media companies to burn endless piles of cash in their bids to compete with the streamer — will be retired. The decision to shut off transparency on the metric represents a significant turning point in the streaming revolution. For years, Netflix has prided itself on being extraordinarily transparent. Now it is aiming to hold its cards closer to its chest. And given that streaming giant is the trendsetter in the space, one could expect that other media companies will be inspired by the company's move and also opt to cease reporting such data.

To be fair, what Netflix is saying isn't necessarily off base either. As the company shifts its business model away from subscriptions and toward advertising and other revenue streams, it makes sense to consider how much time users are spending on the service. The more content a user consumes on Netflix, the more likely they are to continue paying for the service, and the more money Netflix then makes from that single subscriber. "We're focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction,” Netflix underscored in its letter to shareholders.

Regardless, less transparency in an already opaque industry is not ideal. The walled garden of streaming already lacks the same detailed viewership data that Nielsen collects on linear television broadcasters. Now, visibility into the streaming world will get even dimmer.

The announcement from Netflix managed to overshadow its otherwise stellar quarter. The company handily beat expectations and added a staggering 9.3 million subscribers, meaning it now boasts nearly 270 million in total. Netflix also beat analyst expectations on both earnings and revenue. However, it wasn't all good news. Netflix forecasted its subscriber growth to be lower in quarter two, chalking it up to “typical seasonality.” That led the stock to slide nearly 5% in after-hours trading.

Whether "typical seasonality” is solely to blame, or whether the streamer is simply starting to hit a ceiling, is hard to tell. Perhaps it is a mix of both. Whatever the cause, the stock sliding on the less-than-ideal outlook is a prime example of why Netflix wants Wall Street to stop focusing on its subscriber numbers. And, in one year's time, investors won't have a choice.

Adapted from: https://edition.cnn.com/2024/04/19/media/netflix-subscription-numbers/index.html

Read Text | and answer questions 05 to 13.

Netflix is trying to prove to the world that it's all grown up

Netflix is trying to persuade Wall Street that it is now all grown up. After squeezing out millions of additional subscribers via its password sharing crackdown and through the introduction of cheaper advertiser-supported plans, the streamer knows that its growth spurts are coming to an end — and now it wants investors to stop obsessing over those pesky membership numbers and instead focus on other metrics.

"In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential. But now we're generating very substantial profit and free cash flow. We are also developing new revenue streams like advertising and our extra member feature, so memberships are just one component of our growth", Netflix told shareholders as it reported quarterly earnings.

To that end, Netflix said that it will no longer report quarterly subscriber numbers, starting in 2025. Alas, the metric that Wall Street has forever judged Netflix on — the metric that prompted legacy media companies to burn endless piles of cash in their bids to compete with the streamer — will be retired. The decision to shut off transparency on the metric represents a significant turning point in the streaming revolution. For years, Netflix has prided itself on being extraordinarily transparent. Now it is aiming to hold its cards closer to its chest. And given that streaming giant is the trendsetter in the space, one could expect that other media companies will be inspired by the company's move and also opt to cease reporting such data.

To be fair, what Netflix is saying isn't necessarily off base either. As the company shifts its business model away from subscriptions and toward advertising and other revenue streams, it makes sense to consider how much time users are spending on the service. The more content a user consumes on Netflix, the more likely they are to continue paying for the service, and the more money Netflix then makes from that single subscriber. "We're focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction,” Netflix underscored in its letter to shareholders.

Regardless, less transparency in an already opaque industry is not ideal. The walled garden of streaming already lacks the same detailed viewership data that Nielsen collects on linear television broadcasters. Now, visibility into the streaming world will get even dimmer.

The announcement from Netflix managed to overshadow its otherwise stellar quarter. The company handily beat expectations and added a staggering 9.3 million subscribers, meaning it now boasts nearly 270 million in total. Netflix also beat analyst expectations on both earnings and revenue. However, it wasn't all good news. Netflix forecasted its subscriber growth to be lower in quarter two, chalking it up to “typical seasonality.” That led the stock to slide nearly 5% in after-hours trading.

Whether "typical seasonality” is solely to blame, or whether the streamer is simply starting to hit a ceiling, is hard to tell. Perhaps it is a mix of both. Whatever the cause, the stock sliding on the less-than-ideal outlook is a prime example of why Netflix wants Wall Street to stop focusing on its subscriber numbers. And, in one year's time, investors won't have a choice.

Adapted from: https://edition.cnn.com/2024/04/19/media/netflix-subscription-numbers/index.html

Read Text | and answer questions 05 to 13.

Netflix is trying to prove to the world that it's all grown up

Netflix is trying to persuade Wall Street that it is now all grown up. After squeezing out millions of additional subscribers via its password sharing crackdown and through the introduction of cheaper advertiser-supported plans, the streamer knows that its growth spurts are coming to an end — and now it wants investors to stop obsessing over those pesky membership numbers and instead focus on other metrics.

"In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential. But now we're generating very substantial profit and free cash flow. We are also developing new revenue streams like advertising and our extra member feature, so memberships are just one component of our growth", Netflix told shareholders as it reported quarterly earnings.

To that end, Netflix said that it will no longer report quarterly subscriber numbers, starting in 2025. Alas, the metric that Wall Street has forever judged Netflix on — the metric that prompted legacy media companies to burn endless piles of cash in their bids to compete with the streamer — will be retired. The decision to shut off transparency on the metric represents a significant turning point in the streaming revolution. For years, Netflix has prided itself on being extraordinarily transparent. Now it is aiming to hold its cards closer to its chest. And given that streaming giant is the trendsetter in the space, one could expect that other media companies will be inspired by the company's move and also opt to cease reporting such data.

To be fair, what Netflix is saying isn't necessarily off base either. As the company shifts its business model away from subscriptions and toward advertising and other revenue streams, it makes sense to consider how much time users are spending on the service. The more content a user consumes on Netflix, the more likely they are to continue paying for the service, and the more money Netflix then makes from that single subscriber. "We're focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction,” Netflix underscored in its letter to shareholders.

Regardless, less transparency in an already opaque industry is not ideal. The walled garden of streaming already lacks the same detailed viewership data that Nielsen collects on linear television broadcasters. Now, visibility into the streaming world will get even dimmer.

The announcement from Netflix managed to overshadow its otherwise stellar quarter. The company handily beat expectations and added a staggering 9.3 million subscribers, meaning it now boasts nearly 270 million in total. Netflix also beat analyst expectations on both earnings and revenue. However, it wasn't all good news. Netflix forecasted its subscriber growth to be lower in quarter two, chalking it up to “typical seasonality.” That led the stock to slide nearly 5% in after-hours trading.

Whether "typical seasonality” is solely to blame, or whether the streamer is simply starting to hit a ceiling, is hard to tell. Perhaps it is a mix of both. Whatever the cause, the stock sliding on the less-than-ideal outlook is a prime example of why Netflix wants Wall Street to stop focusing on its subscriber numbers. And, in one year's time, investors won't have a choice.

Adapted from: https://edition.cnn.com/2024/04/19/media/netflix-subscription-numbers/index.html

Read Text | and answer questions 05 to 13.

Netflix is trying to prove to the world that it's all grown up

Netflix is trying to persuade Wall Street that it is now all grown up. After squeezing out millions of additional subscribers via its password sharing crackdown and through the introduction of cheaper advertiser-supported plans, the streamer knows that its growth spurts are coming to an end — and now it wants investors to stop obsessing over those pesky membership numbers and instead focus on other metrics.

"In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential. But now we're generating very substantial profit and free cash flow. We are also developing new revenue streams like advertising and our extra member feature, so memberships are just one component of our growth", Netflix told shareholders as it reported quarterly earnings.

To that end, Netflix said that it will no longer report quarterly subscriber numbers, starting in 2025. Alas, the metric that Wall Street has forever judged Netflix on — the metric that prompted legacy media companies to burn endless piles of cash in their bids to compete with the streamer — will be retired. The decision to shut off transparency on the metric represents a significant turning point in the streaming revolution. For years, Netflix has prided itself on being extraordinarily transparent. Now it is aiming to hold its cards closer to its chest. And given that streaming giant is the trendsetter in the space, one could expect that other media companies will be inspired by the company's move and also opt to cease reporting such data.

To be fair, what Netflix is saying isn't necessarily off base either. As the company shifts its business model away from subscriptions and toward advertising and other revenue streams, it makes sense to consider how much time users are spending on the service. The more content a user consumes on Netflix, the more likely they are to continue paying for the service, and the more money Netflix then makes from that single subscriber. "We're focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction,” Netflix underscored in its letter to shareholders.

Regardless, less transparency in an already opaque industry is not ideal. The walled garden of streaming already lacks the same detailed viewership data that Nielsen collects on linear television broadcasters. Now, visibility into the streaming world will get even dimmer.

The announcement from Netflix managed to overshadow its otherwise stellar quarter. The company handily beat expectations and added a staggering 9.3 million subscribers, meaning it now boasts nearly 270 million in total. Netflix also beat analyst expectations on both earnings and revenue. However, it wasn't all good news. Netflix forecasted its subscriber growth to be lower in quarter two, chalking it up to “typical seasonality.” That led the stock to slide nearly 5% in after-hours trading.

Whether "typical seasonality” is solely to blame, or whether the streamer is simply starting to hit a ceiling, is hard to tell. Perhaps it is a mix of both. Whatever the cause, the stock sliding on the less-than-ideal outlook is a prime example of why Netflix wants Wall Street to stop focusing on its subscriber numbers. And, in one year's time, investors won't have a choice.

Adapted from: https://edition.cnn.com/2024/04/19/media/netflix-subscription-numbers/index.html

Read Text | and answer questions 05 to 13.

Netflix is trying to prove to the world that it's all grown up

Netflix is trying to persuade Wall Street that it is now all grown up. After squeezing out millions of additional subscribers via its password sharing crackdown and through the introduction of cheaper advertiser-supported plans, the streamer knows that its growth spurts are coming to an end — and now it wants investors to stop obsessing over those pesky membership numbers and instead focus on other metrics.

"In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential. But now we're generating very substantial profit and free cash flow. We are also developing new revenue streams like advertising and our extra member feature, so memberships are just one component of our growth", Netflix told shareholders as it reported quarterly earnings.

To that end, Netflix said that it will no longer report quarterly subscriber numbers, starting in 2025. Alas, the metric that Wall Street has forever judged Netflix on — the metric that prompted legacy media companies to burn endless piles of cash in their bids to compete with the streamer — will be retired. The decision to shut off transparency on the metric represents a significant turning point in the streaming revolution. For years, Netflix has prided itself on being extraordinarily transparent. Now it is aiming to hold its cards closer to its chest. And given that streaming giant is the trendsetter in the space, one could expect that other media companies will be inspired by the company's move and also opt to cease reporting such data.

To be fair, what Netflix is saying isn't necessarily off base either. As the company shifts its business model away from subscriptions and toward advertising and other revenue streams, it makes sense to consider how much time users are spending on the service. The more content a user consumes on Netflix, the more likely they are to continue paying for the service, and the more money Netflix then makes from that single subscriber. "We're focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction,” Netflix underscored in its letter to shareholders.

Regardless, less transparency in an already opaque industry is not ideal. The walled garden of streaming already lacks the same detailed viewership data that Nielsen collects on linear television broadcasters. Now, visibility into the streaming world will get even dimmer.

The announcement from Netflix managed to overshadow its otherwise stellar quarter. The company handily beat expectations and added a staggering 9.3 million subscribers, meaning it now boasts nearly 270 million in total. Netflix also beat analyst expectations on both earnings and revenue. However, it wasn't all good news. Netflix forecasted its subscriber growth to be lower in quarter two, chalking it up to “typical seasonality.” That led the stock to slide nearly 5% in after-hours trading.

Whether "typical seasonality” is solely to blame, or whether the streamer is simply starting to hit a ceiling, is hard to tell. Perhaps it is a mix of both. Whatever the cause, the stock sliding on the less-than-ideal outlook is a prime example of why Netflix wants Wall Street to stop focusing on its subscriber numbers. And, in one year's time, investors won't have a choice.

Adapted from: https://edition.cnn.com/2024/04/19/media/netflix-subscription-numbers/index.html

Read Text | and answer questions 05 to 13.

Netflix is trying to prove to the world that it's all grown up

Netflix is trying to persuade Wall Street that it is now all grown up. After squeezing out millions of additional subscribers via its password sharing crackdown and through the introduction of cheaper advertiser-supported plans, the streamer knows that its growth spurts are coming to an end — and now it wants investors to stop obsessing over those pesky membership numbers and instead focus on other metrics.

"In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential. But now we're generating very substantial profit and free cash flow. We are also developing new revenue streams like advertising and our extra member feature, so memberships are just one component of our growth", Netflix told shareholders as it reported quarterly earnings.

To that end, Netflix said that it will no longer report quarterly subscriber numbers, starting in 2025. Alas, the metric that Wall Street has forever judged Netflix on — the metric that prompted legacy media companies to burn endless piles of cash in their bids to compete with the streamer — will be retired. The decision to shut off transparency on the metric represents a significant turning point in the streaming revolution. For years, Netflix has prided itself on being extraordinarily transparent. Now it is aiming to hold its cards closer to its chest. And given that streaming giant is the trendsetter in the space, one could expect that other media companies will be inspired by the company's move and also opt to cease reporting such data.

To be fair, what Netflix is saying isn't necessarily off base either. As the company shifts its business model away from subscriptions and toward advertising and other revenue streams, it makes sense to consider how much time users are spending on the service. The more content a user consumes on Netflix, the more likely they are to continue paying for the service, and the more money Netflix then makes from that single subscriber. "We're focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction,” Netflix underscored in its letter to shareholders.

Regardless, less transparency in an already opaque industry is not ideal. The walled garden of streaming already lacks the same detailed viewership data that Nielsen collects on linear television broadcasters. Now, visibility into the streaming world will get even dimmer.

The announcement from Netflix managed to overshadow its otherwise stellar quarter. The company handily beat expectations and added a staggering 9.3 million subscribers, meaning it now boasts nearly 270 million in total. Netflix also beat analyst expectations on both earnings and revenue. However, it wasn't all good news. Netflix forecasted its subscriber growth to be lower in quarter two, chalking it up to “typical seasonality.” That led the stock to slide nearly 5% in after-hours trading.

Whether "typical seasonality” is solely to blame, or whether the streamer is simply starting to hit a ceiling, is hard to tell. Perhaps it is a mix of both. Whatever the cause, the stock sliding on the less-than-ideal outlook is a prime example of why Netflix wants Wall Street to stop focusing on its subscriber numbers. And, in one year's time, investors won't have a choice.

Adapted from: https://edition.cnn.com/2024/04/19/media/netflix-subscription-numbers/index.html