THE FINANCE GHOST: Growth stagnates at Netflix

📆 1/08/2023 5:00 a. m.
📰 FinancialMail

⏱ Reading Time:
26 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 63%

Colombia Noticias Noticias

The streaming giant appears to be winning the password-sharing wars, but advertising efforts and revenue growth are stalling — a worrying sign for excitable investors, writes FinanceGhost.

Roughly $175 a share. That’s where Netflix bottomed in June 2022, despite having entered 2020 at a much higher level of about $325 a share before the world stayed home and streamed. There are enough sob stories among Netflix investors to justify one of its excellent documentaries. Move aside Drive to Survive, it’s time for Trade While Afraid.

Yet here we are, with a recent 52-week high for Netflix of $485 as exuberance found the US market once more in 2023. The Nasdaq-100 index is up 42% this year vs the S&P 500’s 19% gain. Tech is back with a vengeance, thanks to all the hype around artificial intelligence . That’s the only kind of intelligence that buys some of the stocks at these valuations....

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Telkom earnings pummelled by load-shedding and people not paying their billsTelkom’s earnings have declined despite healthy revenue growth.
Fuente: mybroadband - 🏆 11. / 67 Leer más »

Telkom reports revenue growth but lower core earningsThe company is facing higher operating costs as load-shedding continues
Fuente: BDliveSA - 🏆 12. / 63 Leer más »