Netflix Shares Jump on Big Paid Subscribers Beat, Despite Earnings Miss on Forex Losses

Streaming giant Netflix reported worse than expected fourth quarter earnings after the market close Thursday on foreign exchange losses or remeasurement. NFLX reported revenues in-line, paid net subscriber additions of 7.66 mln topped prior guidance. The company guided Q1 EPS below consensus, but revenues above consensus, saying it expects positive paid net adds yr/yr. Netflix appointed new co-CEOs, which at first glance seems confusing for investors. NFLX stock traded up to $338.27 gaining $22.49 (+ 7.12%) after Hours.  Over the past … Continue reading “Netflix Shares Jump on Big Paid Subscribers Beat, Despite Earnings Miss on Forex Losses”

Netflix Earnings Beat, Adds Subscribers, Games & Password Sharing Plan

Streaming giant Netflix reported better than expected third quarter earnings after the market close. NFLX added 2.41 million net subscribers during the quarter more than double the 1 million it had forecast. The majority of Netflix’s net subscriber growth came from the Asia-Pacific region with 1.43 million new subscribers. Netflix also outlined its plan to crack down on password sharing next year. NFLX also updated it’s gaming strategy. $NFLX rose to $275.49 up 34.63 or 14.38% after hours adding to the … Continue reading “Netflix Earnings Beat, Adds Subscribers, Games & Password Sharing Plan”

What to Look for in Netflix Earnings from Mobile Gaming to Expanding Content

Streaming giant Netflix report third quarter earnings reports quarterly earnings on October 18 after the market close. With the tech wreck of 2022 $NFLX has endured a volatile year. Over the past twelve months, NFLX stock has traded in an extreme range between $162.71 and $700.99. Heading into earnings it trades at $248.29, +18.29, +7.95% the day prior. FactSet analyst estimates provide an EPS consensus of $2.14 and a sales consensus of $7.83bn Netflix Inc NASDAQ: NFLX · Report After … Continue reading “What to Look for in Netflix Earnings from Mobile Gaming to Expanding Content”

Netflix Shares Dump on Weak Subscriber Growth Guidance Despite Higher Revenue

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.