News Formal

Cramer Bullish On Netflix After Strong Earnings Report

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 55 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 51%

Business News

Netflix,Earnings,Growth

Jim Cramer is optimistic about Netflix's future after the streaming giant exceeded Wall Street's expectations for earnings, revenue and paid membership growth. He was impressed by management's outlook and commentary about content.

He was impressed by management's outlook and commentary about content, saying the company seems capable of generating solid growth.

The streaming giant beat Wall Street's expectations for earnings, revenue and paid membership growth when it posted its report Thursday evening, sending shares up 11% during Friday's session.explained why the quarter made him more optimistic about the company's future, saying he was impressed by management's outlook and commentary about content.

This breadth of content makes Cramer optimistic about Netflix's ability to scale its ad-tier, pointing to popular offerings like"Emily in Paris,""Selling Sunset" and"Squid Game," as well as two National Football League games set to stream on Christmas. He also liked Sarandos' positive read on how AI will impact business.

"I'm not saying that Netflix has become an AI play, not at all, I'm just saying that between the expanding library, clear customer interest in the ad tier model, and their ability to harness the power of artificial intelligence, we have a lot of positives here, and it's gong to translate into a lot of money," Cramer said.

 

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:

 /  🏆 569. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Analysts are getting more bullish on Netflix ahead of earningsA few analysts are upping their stance on the media giant ahead of its third-quarter earnings report next week.
Source: CNBC - 🏆 12. / 72 Read more »

Netflix Earnings Preview: Analysts Bullish Despite a Warning of Unrealistic ExpectationsSeveral finance experts have further raised their stock price targets, but at least one questioned if the stock has gotten ahead of itself given its gains so far this year.
Source: THR - 🏆 411. / 53 Read more »

Netflix earnings beat expectations. Here's what analysts are sayingAnalysts are getting even more bullish on Netflix following its earnings beat for the third quarter.
Source: CNBC - 🏆 12. / 72 Read more »