Streaming giant Netflix reported worse than expected second quarter earnings missing analyst expectations on earnings per share but beating on revenue. $NFLX fell more than 12% after hours on weak subscriber growth guidance for the third quarter.
Netflix New Record Subscriber Growth in Q3 as Earnings Beat Expectations
Streaming giant Netflix reported better than expected third quarter earnings and hit record subscriber growth after the close Wednesday. However US paid net adds of 0.5 million missed forecast of 0.8 million. $NFLX shares rose more than 9% on the news.
Alphabet Earnings Beat With Strong Google Advertising and Cloud Revenue
Internet giant Alphabet, owner of Google reported better than expected second quarter earnings after the market Thursday. Alphabet approved a repurchase of up to an additional $25 billion. $GOOGL stock rose over 8% on the release.
Netflix Stock Smashed After Much Lower New Subscriber Additions
Streaming giant Netflix reported better than expected second quarter earnings but missed on subscriber growth after the close Wednesday. For the first quarter in nearly a decade, the number of new subscribers in the U.S. fell. $NFLX shares slid more than 12% on the news.
Alphabet Earnings Suffer From Slowing Google Advertising Revenue
Internet giant Alphabet, owner of Google reported worse than expected first quarter earnings after the market Monday. $GOOGL stock fell over 7% on the release. Q1 included a $1.7 billion (€1.5 billion) fine from the European Commission over anticompetitive advertising.
Netflix Lowers Earnings Guidance Seeing Higher Cash Burn
Streaming giant Netflix reported better than expected first quarter earnings and subscriber growth after the close Tuesday but lowered forward guidance. $NFLX said it doesn;t see Disney’s new service Disney+ with content from Fox Networks, Disney, Pixar, Marvel and Star Wars hurting.
Alphabet Earnings Concern With Lower Operating Margins
Internet giant Alphabet, owner of Google reported better than expected fourth quarter earnings after the market Monday. $GOOGL also increased stock buybacks but operating margin fell to 21% from 24% a year worrying investors.
Netflix Subscriber Growth Higher But Revenues Miss Expectations
Streaming giant Netflix reported fourth quarter earnings after the close Thursday that beat on most metrics but was missed on revenue forecasts. Analysts had been pushing the stock after the rout and is up 44% in 13 days, be risk aware.
Alphabet Earnings Beat BUT Revenue Miss and Traffic Acquisition Costs Rise
FANG member, internet monsters Alphabet, owner of Google reported mixed third quarter earnings, beating EPS but missing on revenue forecasts. Home Hub, recent Google next-generation Pixel smartphones, Pixel 3 and 3XL outlooks are key.
Netflix Earnings Beat With Global Subscriber Additions Soaring
Streaming giant Netflix reported better than third quarter earnings after the close Tuesday. Analysts focused on the FANG leaders much higher domestic and international subscribers which saw $NFLX gap up 12%, last quarter $NFLX collapsed over 12% in after hours.