Netflix Earnings Preview: Password Crackdown, Ad Revenue to Drive Continued Gains

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Netflix Inc News

Business Business Latest News,Business Business Headlines

Stocks Analysis by Investing.com (Damian Nowiszewski) covering: Netflix Inc. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com

The company's new account-sharing policy is behind the bullish sentiment.In 2024, invest like the big funds from the comfort of your home with our AI-powered ProPicks stock selection tool.) stock has soared over 26% year-to-date, extending the bullish trend that began in mid-2022, although the journey wasn't without its ups and downs.

However, it's important to remember that broader economic factors – particularly the Federal Reserve's potential decision to hold interest rates high into early 2025 to combat disinflation – could pose a challenge for the overall market, including Netflix.Netflix's gamble to restrict password sharing appears to be paying off. Since implementing the policy, subscriber numbers have surged as anticipated.

Most forecasts point to this positive trend continuing into Q1 2024, potentially exceeding the 1.75 million new users acquired in the same period last year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Johnson & Johnson Sells Off Ahead of Earnings: Time to Cut Losses or Double Down?Stocks Analysis by Investing.com (Damian Nowiszewski) covering: Johnson & Johnson, Netflix Inc, ABIOMED Inc. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »