Shares of Netflix inc. (NFLX) are heading into the weekend with a 10% gain after the streaming giant surpassed Wall Street’s expectations in just about every category for the third quarter. Adding more than 5 million new customers fueled both the top and bottom lines, whereas the consensus estimate called for just 4.5 million [...]
Netflix shares (NFLX) have gained more than 46% through 2024 thus far, and the streaming giant’s stock has gained 4% in the past month alone. However, there are concerns as to whether or not the company can continue to grow or not. The company has given investors a look inside year-over-year (YoY) global engagement [...]
Shares of Netflix (NFLX) are up more than after the streaming company delivered solid 4th quarter earnings, optimistic guidance for the year ahead, and perhaps most importantly, a highly anticipated deal with TKO - the parent company of WWE. As cable television continues to fizzle out, streaming services are bringing live sports programming into [...]
Just a month ago after Netflix (NFLX) squashed password sharing, the stock got an upgrade and began rallying. But today, the streaming provider has taken a step backward after falling short of analyst estimates for the second quarter. Making matters worse, the company’s guidance for the 3rd quarter is below expectations, too. That being [...]
Shares of Netflix (NFLX) have climbed more than 10% in the last week after its latest upgrade - this time, by Bank of America. Analyst Jessica Reif Ehrlic raised her price target from $410 to $490, implying a 15% climb. This comes after Netflix shared 3rd party data showing positive results for the upcoming [...]
JPMorgan analyst Doug Anmuth recommends that clients "buy pullbacks" because Netflix is still a smart buy. His recommendation comes despite consumer complaints over Netflix's crackdown on password sharing, concerns over short-term subscription decay, and a declining stock price. Although Netflix reached a YTD peak of $369.02 per share on January 26, shares slumped nearly [...]
Yesterday morning Reed Hastings - CEO of Netflix - went on the record to state that the company dropped the ball with its ad strategy. In fact, he states that Netflix should have launched its ad-supported tier years ago. In his interview with the New York Times, Hastings admitted he looked at advertising through [...]
Netflix stock (NFLX) is a big mover this morning upon releasing its Q3 earnings report Tuesday after market hours. They blew expectations out of the water in terms of net subscriber additions - and they beat estimated EPS and revenue, too. While analysts were projecting $7.85b in revenue, Netflix produced $7.93 in the third [...]
A while back we discussed what Disney surpassing Netflix in subscribers meant for both streaming services. At the time, analysts and investors alike were down on Netflix. And it wasn’t just because their content was lacking. It was because of their ad department business model - or lack thereof. But, it appears that things [...]
It’s official - Disney+ has surpassed Netflix in subscribers. Now, take this with a grain of salt - as Disney+ includes ESPN+ and Hulu, two other streaming services the entertainment company owns. Nevertheless, the milestone is an important one - as Disney is poised to take a stronger grip on the streaming space than [...]
