tesla and netflix report quarterly earnings. we delve into the financial performance of two major names in the us tech sector. and it's one of the most anticipated movies this year. how much is barbie worth to toymaker mattel? we'll hear from its chief executive. hello and welcome to asia business report. i'm monica miller. we begin with netflix because the streaming giant's shares have dropped more than 8% after the bell. the company mostly beat wall street earnings forecasts for the second quarter, but disappointed on revenue. that's despite new initiatives

like a crackdown on password sharing and the launch of an ad—supported subscription tier. mike proulx is forrester�*s research director and he noted that those moves helped netflix add an impressive number of new customers. six million new ads is an incredible number and it is in large part due to the crackdown on password sharing. so the launch of the programme is absolutely a success and why they're going to lunch it in additional countries. can you tell us about looking forward? because there is a massive strike that is going on in hollywood with the writers as well as the actors. i know these numbers don't reject this, but what do you project if they don't have any production in the pipeline? netflix, and the same cannot be said for its competition, has a little bit of immunity to what's going on in hollywood because of the fact that the company has such a large

international footprint. this will provide an element of air cover to help keep it fresh with new programmes, new shows, new movies while things play out in hollywood. but make no mistake, it will impact the company. and now let's focus on tesla, because the us electric vehicle maker has also just released its quarterly results, and its shares are also slightly in the red in after hours trading. the company's report card showed tesla's profit margins were squeezed by chief executive elon musk�*s decision to double down on a price war with rival auto—makers. earlier, i spoke to digital economy expert arun sunda—rajan, who expressed doubts about this strategy of cutting prices. they didn't come as a big surprise, but there is certainly cause for concern. this feels like a price war with new long—term strategy to raise margins if tesla

wins the war. delivery numbers were great, revenues are at record highs, but gross margins are at the lowest they've ever been. if the operating margin, which was climbing towards 20%, has dropped below 10%. and the reason why this is of concern is that in order to justify its market cap, tesla's earnings have to grow by bid multiple like 5—7 times. i wonder if tesla is hurting its long—term prospects by trying to appease wall street short hitting the 2 million target.

they have said the measure is temporary and only valid while legal— temporary and only valid while legal proceedings against it play— legal proceedings against it play out. legal proceedings against it .la out, legal proceedings against it -la out. ., . ., play out. google earlier charge developers _ play out. google earlier charge developers like _ play out. google earlier charge developers like disney - play out. google earlier charge developers like disney are - developers like disney are 50 to 30% fee for in app purchases but a lower service charge of ii to 26% but a lower service charge of 11 to 26% was introduced after an anti—trust directive ruled against the company and posted to allow third—party payments. disney was among the most high profile companies that challenge google's billing system, argued it was threatening to remove the app if it didn't comply with the new billing rules. but it is just one among a dozen of the companies that have mounted a legal challenge over the issue, arguing that google's new billing system was just a

cloaked version of its early one. experts say the new ruling poses a significant challenge to google's payments business model and comes on the back of the $275 million fine charge by india's competition watchdog for abusive market dominance and anti—competitive conduct. as we have been hearing, the fifa world women's cup kicks off in sydney in auckland. australia will be facing ireland and norway and take on new zealand. the tournament will last about a month and draws teams from each continent. katie silva has been following this story in sydney. there is a lot of enthusiasm about what this might bring for the future of the sport. to give you an idea tonight's game in sydney were supposed to be held here at the sydney football stadium, but they had to move it after 80,000 tickets were sold. people are desperately trying to buy tickets on the second—hand market and is generating a lot

of enthusiasm. as well as the idea it may lead to more investment going forward. this is something i spoke to the coach of the women's football team, the sydney fc, the biggest and most important club in the country club level. he said this is going to lead to a huge investment going forward. it is going to be enormous for australian football, in the short time that is ticket sales and with parents and kids coming to the game, the stadiums will be full. in terms of longer term, there will be hopefully more fans coming to the game, to the so more sponsorship which means it can get back to the kids as well in terms of development and infrastructure, which is huge as well. , , ., as well. did we see that when the lioness — as well. did we see that when the lioness is _ as well. did we see that when the lioness is the _ as well. did we see that when the lioness is the euros, - as well. did we see that when the lioness is the euros, did l the lioness is the euros, did we see that impact?- the lioness is the euros, did we see that impact? yes, the im act we see that impact? yes, the impact was — we see that impact? yes, the impact was enormous - we see that impact? yes, the impact was enormous after i we see that impact? yes, the i impact was enormous after they won the euros, there was a game with chelsea and arsenal at the stadium and there was 80,000 people. 0bviously

stadium and there was 80,000 people. obviously it relates and it is huge and you can see it on social media everywhere. it is a huge impact, definitely.— it is a huge impact, definitely. it is a huge impact, definitel. ., it is a huge impact, definitel . ., ., definitely. sam carter was at wembley- — definitely. sam carter was at wembley. that _ definitely. sam carter was at wembley. that is _ definitely. sam carter was at wembley. that is right. - definitely. sam carter was at wembley. that is right. you| wembley. that is right. you were on the _ wembley. that is right. you were on the coaching - wembley. that is right. you were on the coaching staff. wembley. that is right. you| were on the coaching staff of the matildas ten years ago when they had to advocate for their laundry to be gone. what have you seen changing? it is laundry to be gone. what have you seen changing?— laundry to be gone. what have you seen changing? it is a huge brand now. _ you seen changing? it is a huge brand now, that _ you seen changing? it is a huge brand now, that is _ you seen changing? it is a huge brand now, that is the - you seen changing? it is a huge brand now, that is the biggest i brand now, that is the biggest change everybody knows the matildas, everyone knows sam kerr. things, the professionalism, the amount of pay they get, they travel first class when they go away. just little things, but an enormous change, i can only imagine what happened 30 years ago. ten to 15 years ago was a lot less to what they get now, but it is only what they deserve. we will see that development - only what they deserve. we will see that development going - see that development going forward and much excitement about one month of good pr is going to bring to the spot.

also around the city, huge advertising for the kop and for the sponsors. no doubt generating more income as time goes forward. it is one of the most hotly anticipated films of the summer. barbie has turned into a film. we'll hear from its chief executive. that's right, barbie the famous — some might say infamous — children's doll, after more than 60 years on the market, has been turned into a film. it's part of a wider business strategy by barbie's manufacturers, the toymaker mattel. 0ur reporter dougal shaw has been speaking to their ceo. # close your eyes and find... first of all, why make this film? this is part of the strategy to a ball motel from being a company that was being... and my heels are on the ground. feet?

they scream were you taking a bit of a risk? in the film, they do make fun of barbie for being a superficial character, a bit naive. it's very original, is not conventional. it's a big, bold comedy with hearts. it's about self—discovery, empowerment and brings together fashion, music, humour, self—deprecation. 0ur idea was to partner with the best in the business. when you do that, magic happens. you guys ever think about dying? music stops you've talked about building a mattell universe. do you think you really have enough brands to do that? we have one of the strongest portfolios of franchises in the world, a very diverse and varied with different demographics from barbie to hot

wills, and many, many more. the opportunity for us is to connect with fans in many different ways and continue to evolve our offering for fans. do you think mattel will still be making physical plastic dolls in ten years' time? we absolutely believe in physical play. physical play is here to stay, and the toy industry is growing. it's an important part of children's development. it is tactile. kids touch it, they hug it, they go to the bed with the product, and toys are inspirational as much as they are aspirational. the beauty for mattel, we can expand our business in addition to what we do within the toy aisle, and that is the excitement we have in ourjourney. and that's it for this edition of asia business report.

thanks for watching. bbc news, bringing you different stories from across the uk. it feels like nothing else, its freedom, you are the person who is making that aircraft fly. catherine moloney loves to fly. her mission is to help other women find their place in, what she says, is still very much a man's world. the percentage of female pilots in the industry is incredibly low, so it's only 4.7% in the uk. it's very important to bring people together, feel like they have a community in which they can support and inspire each other and hopefully get more women involved. gathered at goodwood aerodrome today, these are just some of the female pilots catherine's connected with through her initiative elevate her. i do think change is coming and it's moving but are quite slow pace. so that's why it's great to have organisations like elevate her to speed up that process, raise the awareness of this career, or this hobby, if that's

what you are interested in and give you the resources to be able to unlock that. learning to be a commercial pilot can cost upwards of £70,000. charlotte's working as airport ground staff to fund her training. if i'd had communities - like this as a teenager even, i would have learnt so much more at a younger age - and i could potentially be i a lot further into my career. for more stories from across the uk head to the bbc news website. dan wooton speaks out possible twist in a murder and a graduation proposal. gigi hadid was arrested and fined in the

cayman islands this month. the 28—year—old and her friends were detained after the luggage was searched after they arrived on a private jet. was searched after they arrived on a privatejet. they was searched after they arrived on a private jet. they pleaded guilty in court and paid a fibre no conviction was recorded. they said the cannabis was bought legally in new york with the medical license. some other stories, presenter dan wootton has denied criminality in relation to allegations against him. some reports claim he offered media colleagues money for explicit material of themselves. he said on his tv show that he has made errors of judgment in the past. next, police in nevada have confirmed they carried out search warrant this week in connection the unsolved killing of tupac. detectives carried out a search in las vegas where he was gunned down in september 1996. they didn't provide any more details of the search, no arrests have been made and it

suspects are in custody. finally, there are more soaring temperatures across southern europe, north america and asia. wildfires are also ongoing in greece and the swiss alps. it means the heat poses a threat to everyone. and time now for ten seconds of love at this graduation proposal at newcastle uni. this woman received her degree certificate, her boyfriend proposed to her. luckily she said yes. it would have been slightly awkward if she said no, don't you reckon. you were all caught up now, see you later.

the final men's major of the year is also upon us. rory mcilroy won the open last time it was at royal liverpool, can he do it again? i've won a lot of tournaments, but the big four have eluded me, and hopefully this week, that's something that i can change.