Netflix slides as move to end sharing user count sparks growth worries
By Roshan Abraham and Harshita Mary Varghese
Tag: Netflix
US stocks mixed; investors digest Middle East tensions, Netflix report
Investing.com– U.S. stocks traded in a mixed fashion Friday, with investors digesting a fluid situation in the Middle East, while disappointing guidance from streaming giant Netflix (NASDAQ:NFLX) weighed on the tech sector.
Midday movers: Netflix, Super Micro fall; Paramount Global gains
(Updated – April 19, 2024 11:43 AM EDT)Investing.com — Main U.S. indexes traded lower Friday, hit by falling risk appetite as tensions in the Middle East escalate in the wake of Israel’s reported strike on Iran.
Earnings call: Netflix to cease quarterly membership and ARM reporting in 2025
Netflix Inc. (NASDAQ:NFLX) announced in its Q1 2024 Earnings Interview that it will discontinue the reporting of quarterly membership and average revenue per member (ARM) data starting in 2025. This shift is due to the evolving nature of the company\’s revenue model, which now encompasses advertising and additional member features.
Netflix raised to Buy at Needham & Company on revenue upside
On Friday, Netflix (NASDAQ:NFLX) received an upgrade to \’Buy\’ from \’Hold\’ by Needham, with the firm setting a new price target of $700 for the streaming giant\’s stock. The upgrade follows Netflix\’s first-quarter earnings release, which showcased a revenue of $9.4 billion, marking a 15% year-over-year increase and surpassing estimates by 1%. The company\’s GAAP earnings per share (EPS) also rose significantly by 83% year-over-year to $5.28, exceeding estimates by 18%.
Netflix slides 7% as move to end sharing user count sparks growth worries
Netflix added new customers in the first quarter, but its second-quarter revenue forecast missed market expectations of $9.54 billion late on Thursday. It also decided not to report subscriber additions and average revenue per member from the first quarter of 2025.
Netflix beats expectations on profit and subscribers
The leading streaming television service said it gained 9.3 million subscribers in the recently ended quarter, raising the total to 269.6 million.
Netflix stock is overvalued says Benchmark, sees nearly 30% downside risk
Netflix (NASDAQ:NFLX) stock is overvalued. That\’s the opinion of analysts at Benchmark, who maintained a Sell rating and $440 price target on the streaming giant\’s shares in a note Thursday, heading into the company\’s earnings release.
US stocks edge higher, rebounding ahead of key Netflix earnings
Investing.com– U.S. stocks edged higher Thursday, rebounding after another negative session as investors digested more quarterly earnings, including from streaming giant Netflix.