Netflix ‘far outpacing’ other streamers, analyst says after big earnings beat

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

An analyst says he sees Netflix Inc. continuing its impressive run of growth into next year after the streaming giant beat expectations across the board when it reported third-quarter earnings Thursday.

S&P Global Ratings' Jawad Hussain discusses whether Netflix can sustain its exceptional earnings growth from Q3 into 2025.

The company began cracking down on password sharing in the spring of 2023 in order to boost revenues and grow its subscriber base after estimating that some 100 million people worldwide were using other users’ passwords to access Netflix’s collection of movies and TV shows. “You know, 2024 was kind of a year of building that up and getting scale and they weren’t expecting to see the benefits of that until 2025, and then you have a slate of content that’s very live focused.”

“And part of that is you need to have event-driven programming, and sports still are the biggest events out there.”

 

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:

 /  🏆 83. in US

United States United States Latest News, United States United States Headlines