Netflix earnings: Stock drops as big subscriber gains are outweighed by outlook Netflix reported earnings after Thursday's closing bell, posting a big beat with its subscriber numbers but delivering a mixed outlook. MarketWatch broke down the results. ...
Netflix’s forecast for fourth-quarter revenue of $8.69 billion was slightly below analysts’ estimates of $8.77 billion. The writer and actor strikes prompted Netflix to revise its projections on content spending to $13 billion in 2023. This was assuming the studios reach a settlement with ...
Netflix forecast a decline in new subscribers and a fall in diluted earnings per share from $5.28 to $4.68. Still, the company predicted revenue growth of 16% for the quarter, which equated to 21% growth when adjusted for foreign exchange factors. Those projections may be conservative, analys...
The company is also targeting a 20% operating margin, up two percentage points from 2020 and higher than its previous 19% forecast, due to a more favorable revenue outlook of $7.1 billion in the first quarter of 2021. "As we said last quarter, we intend to continue to grow our ...
The forecast contributed to a muted reaction from investors who have driven up Netflix's stock price by 32% so far this year. After initially falling by 3% in extended trading after the second-quarter report came out, Netflix shares recovered and were up abou...
“We see Netflix as the main beneficiary as peers prioritize profits in streaming,” according to Hodulik. The analyst increased his 12-month price target on the stock from $390 to $525/share. He expects Netflix’s Q3 guidance to imply faster revenue and operating income growth “boosted ...
The company forecast its video streaming service will pick up 1.35 million to 2.1 million in the U.S. during the first three months of this year. © 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed....
Swinburne figured the acquisition price -- which he estimated would be about $120 a share, including a takeover premium -- would hike the trading multiple for Disney's stock to 18 times its 2018earnings per sharevs. 13 to 14 times as a standalone entity. ...
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Netflix earnings: Stock drops as big subscriber gains are outweighed by outlook Netflix reported earnings after Thursday's closing bell, posting a big beat with its subscriber numbers but delivering a mixed outlook. MarketWatch broke down the results. Last Updated: April 18, 2024 a...