FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson
In an 8-K filed on Monday, the company provided details on its international business ahead of its January fourth-quarter earnings report, which will disclose revenue and membership by region for the first time. In the Asia-Pacific region - the company’s smallest - revenue was up 153% from the end of the third quarter of 2017 to the end of the third quarter of 2019. Membership grew 148% in the period.
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Asia stocks set for subdued open despite renewed optimism with phase one US-China deal 'totally done'U.S. Trade Representative Robert Lighthizer said on Sunday that the phase one U.S.-China trade deal reached on Friday is 'totally done.' So futures gapped up open, no ones buying it. They just need another fake headline to pump algos and trigger stop loss short cover then puts another breath into the momentum. Because no one believes the Trump admin. Now that the Hopium is waning off, reality is striking the markets! And that reality is that the real economy is sinking rapidly and it’s only a matter of time before unemployment raises its face badly. Christmas season will also be over in a week and seasonal work is also over!
Source: CNBC - 🏆 12. / 72 Read more »