) reported first quarter earnings that beat across the board on Thursday with another 9 million-plus subscribers added in the quarter.
Earnings per share also beat estimates in the quarter with the company reporting EPS of $5.28, well above consensus expectations of $4.52 and nearly double the $2.88 EPS figure it reported in the year-ago period. Netflix guided to second quarter EPS of $4.68, ahead of consensus calls for $4.54. The company previously guided to full-year 2024 operating margins of 24% after the metric grew to 21% from 18% in 2023. Netflix expects margins to tick down slightly in Q2 to 26.6%.Meanwhile, average revenue per member, or ARM, ticked up 1% year over year — matching the fourth quarter results. Wall Street analysts expect ARM to pick up later this year as both the ad tier impact and price hike effects take hold.
LAS VEGAS — Phish has been performing for decades, but never has the band played the same show twice. Over the 40 years since the band was formed at a Vermont college, Phish has amassed a reputation for its dedicated legion of fans and the dazzling light shows that accompany the improvisational jams. It follows, then, that the next stop for Phish is the new temple of immersive performances: the Sphere in Las Vegas. Inaugurated with U2's 40-show residency, the $2.
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Apple's antitrust fallout, Reddit's debut: Thursday's market takeawaysThe DOJ launched its antitrust suit against Magnificent 7 tech giant Apple (AAPL). While shares of the company fell, the remainder of the tech sector seemed ...
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