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”
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”
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”
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.
Chinese video streaming company iQiyi, an arm of China major Baidu known as China’s Netflix, reported first quarter earnings Monday after the close. Total revenues and subscribers rose driven by surging demand for digital entertainment when sheltering in place
China based video-sharing platform Bilibili, Inc. reported third quarter earnings before the open Tuesday that highlighted surging user numbers but at a high cost. The bottom-line was negatively impacted by a 71% surge in operating expenses to RMB774 million (US$108 million). There was a 70% increase in the cost of revenue to RMB1.5 billion (US$211 million).
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.
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.
Chinese video streaming company iQiyi, an arm of China major Baidu known as China’s Netflix, reported first quarter earnings Thursday after the close. The net loss widened to RMB 1.8 billion ($270.3 million), smaller than expected but with revenue lower than expected.
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.