Netflix earnings: What to expect from the streaming titan

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Netflix reports earnings after Wednesday’s closing bell

Netflix Inc is navigating a transition from focusing on subscriber growth to maximizing earnings through price hikes, an ad-supported service and a crackdown on shared accounts in a post-COVID world. It has little choice amid a torrent of competition from some of the world’s biggest media companies.

Revenue: The FactSet consensus is for $8.54 billion in revenue, up from $7.93 billion a year earlier. The stock is down 41% from its pandemic-era all-time closing high of $610.34 on June 30, 2021. Shares of Netflix have advanced 21% so far this year, while the broader S&P 500 index SPX is up 14%.

 

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:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Netflix Earnings: User Growth to Prove Recent Correction Was a Buying OpportunityStocks Analysis by Investing.com (Damian Nowiszewski) covering: Netflix Inc, Netflix Inc, Netflix Inc DRC, COMMERZBANK AG Call 92 USD Netflix Inc 31Dec99. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »