$NFLX

Florida AG sued Netflix, alleging deceptive data collection from children, violating state laws. The complaint claims Netflix sold minors' data to third parties, contradicting public statements about privacy. The lawsuit seeks penalties and data purge, following a similar case in Texas. Netflix did not respond to requests for comment.

Spotify (SPOT) reached 300M subscribers, with gross margins targeting 35-40% by 2030. Netflix (NFLX) reported a 33.4% operating margin and expects ad revenue to double to $3B by 2026. Spotify's subscriber revenue rose 15% YoY, while Netflix's revenue grew 10% YoY, led by Latin America. Analysts favor Spotify's operating leverage over Netflix's spend-to-scale strategy.

Netflix canceled 'Ransom Canyon' after Season 2 views dropped 41% from Season 1. The show's decline, despite a shorter runtime, contributed to the decision. Netflix's focus remains on revenue growth and operating margins, not individual titles. The company reported Q2 revenue of $12.56 billion and operating income of $4.19 billion. NFLX shares closed at $77.40, up 1.8%.

Foreign digital firms paid Kazakhstan $390.2M in VAT since 2022, with annual collections rising over fivefold. 133 companies, including Apple, Google, and Valve, are registered taxpayers. The 'Google tax' applies to digital services and online goods sales. E-commerce in Kazakhstan reached $8B in 2025, with marketplaces dominating.

Bill Ackman's Pershing Square increased stakes in Visa, Mastercard, Netflix, S&P Global, Intercontinental Exchange, and Alcon, while reducing Amazon and exiting Alphabet. Ackman believes these companies will benefit from AI, citing their proprietary data and strong market positions. Pershing Square reported a -12.6% return in the first half of 2026, lagging the S&P 500. Intercontinental Exchange reported $2.7B in Q2 revenue and raised full-year guidance.

Netflix gained over 100,000 new US sign-ups from the Grand Theft Auto 6 Extended Look, marking its third-highest subscriber acquisition in 2026. According to Ampere Analysis, the showcase outperformed many other Netflix shows and brought back lapsed users. Netflix's user base is 49% male, potentially expanding GTA 6's reach beyond its core gaming audience.

Netflix raised UK subscription prices: basic plan with ads to £7.99/month, standard ad-free to £13.99/month, and premium to £20.99/month. Existing customers will receive a one-month notice. Netflix cited increased entertainment choices and commitment to quality. Other streaming services like Disney+ and Amazon Video have also raised prices. Analysts suggest reviewing subscriptions to cut costs, such as downgrading or canceling unused services.

Florida sued Netflix on September 9, alleging violations of state privacy laws by collecting children's viewing data. The state seeks damages potentially reaching billions, citing deceptive practices. Netflix denies wrongdoing, stating compliance with data-protection laws. The case differs from a prior Roku suit, which settled without fines. Florida seeks data deletion and advertising restrictions.

Netflix has hired director Peter Berg to create openers for its NFL gameday livestreams, starting with a Sept. 10 Rams vs. 49ers game. Actor Kyle Chandler will narrate the first opener, titled 'For the Love of Football.' Berg is also involved in Netflix's upcoming film 'The Mosquito Bowl,' based on a Pulitzer Prize-winning novel.

Netflix raised prices in Ireland, with its standard plan increasing by 12% to €18.99 monthly. The premium plan will rise to €25.99, while the basic plan increases to €11.99. Existing customers will see the changes by mid-next month. The company attributes the hike to added value and content quality improvements.