Sources: Netflix plans to expand its pre-release content screening program, the Netflix Preview Club, from 2,000+ users to tens of thousands in early 2023 (Wall Street Journal)

Todd Spangler / Variety:
Netflix plans to stop sharing projected subscriber numbers in its earnings starting in Q4 2022, instead stressing new revenue streams like ads and paid sharing  —  Netflix will no longer share projected subscriber targets in upcoming earnings reports — a closely tracked metric among investors …

Wall Street Journal:
Sources: ByteDance plans to expand its Resso music streaming service globally, starting with over a dozen markets excluding the US, and integrate it into TikTok  —  Company is negotiating with labels as it seeks more than a dozen new global markets  —  TikTok parent ByteDance Ltd …

Wall Street Journal:
Sources: as subscriber growth slows, Netflix scours its business to cut costs, including managing cloud spend, limiting corporate swag, and hiring junior staff  —  The streaming giant seeks to impose more financial discipline as growth stagnates  —  As Netflix Inc. NFLX 1.67%▲ …

Salvador Rodriguez / Wall Street Journal:
ByteDance’s August report to staff says revenue grew 80% to $61.7B in 2021 but operating losses more than tripled to $7.15B as it spent heavily on growth  —  Social-media giant saw its operating losses more than triple last year to above $7 billion  —  TikTok, Instagram Reels or YouTube Shorts: Who Will Win the Short-Video Race?

Amy O’Brien / Sifted:
London-based GoHenry, a neobank for 6-18 year olds, raised a £49M+ Series B, and says its 2021 revenue was up 55% YoY to £30.5M and losses up 20x YoY to £30.5M  —  Despite these vast losses and talk of distant profitability, there’s no sign that GoHenry is slowing down its expansion plans.

Todd Spangler / Variety:
Roku reports Q3 revenue up 12% YoY to $761.4M vs. $694M est., 21.9B streaming hours, and 2.3M streaming accounts added; stock drops 17%+ on weak Q4 guidance  —  Roku handily topped Wall Street estimates for the third quarter of 2022, as the streaming platform and media company packed …