Netflix’s latest earnings are convincing analysts that the streaming company can make more money from its members. A crackdown on password sharing is paying off already but the advertising business could offer additional opportunities.
KeyBanc analyst Justin Patterson wrote in a note that he believes Netflix is a rare asset that can offer investors growth across a range of economic environments. Monthly rates on two of the company’s U.S. plans are going up by 15% to 20% and it is also raising prices in the U.K. and France. Netflix froze the price of its U.S. ad-supported tier, where it looks to be prioritizing building its user base.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Tesla Stock Sinks, Netflix Surges and Earnings Deluge ContinuesGovernment bonds sell off again; Netflix stock surges premarket
Source: WSJ - 🏆 98. / 63 Read more »
Stock market today: World shares follow Wall Street lowerWorld shares have tumbled following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: World shares follow Wall Street lowerWorld shares have tumbled following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares follow Wall Street lower, and Japan reports September exports roseShares have tumbled in Asia following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks. Worries about war in the Middle East also have been dragging on markets. Benchmarks in Hong Kong, Tokyo and Seoul fell about 2%.
Source: AP - 🏆 728. / 51 Read more »