Netflix (NASDAQ: NFLX ) experienced a strong q3'24 with 15% top-line growth paired with a significant improvement to its operating margin, reaching 30% in the quarter. With q4'24 being a major, pivotal quarter for the firm, I have reason to believe thatMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, In ...

Despite continued optimism among top management about the potential of video games, Netflix is shuttering its AAA game studio in Southern California. The move, first reported by GameFile, was confirmed to Deadline by a source familiar with the closure. AAA is one of a handful of small studios put under the corporate umbrella by Netflix over the past couple of years. It had yet to produce any titles by the time it was shuttered. A Netflix rep declined to comment when contacted by Deadline. The company has m ...

Netflix today closed one of its internal game studios, one which was poised to release a triple-A title, before it was able to produce anything. The studio was called Team Blue, founded in 2022 and based on Los Angeles, and was allegedly working on a PC game. As a result of this studio closure, the company has also lost the talent it very publicly hired, and has also reportedly made other layoffs in its games division.Game File reported the closure, saying that Team Blue was working on a “big-budget multi-d ...

With Netflix (NASDAQ: NFLX) recently hitting a record high following its strong Q3 2024 earnings report, an investment firm has projected that the stock is on track to breach the $840 mark by the end of 2024.This upward momentum is largely driven by the company’s strategic focus on expanding its core movie and TV offerings, alongside efforts in gaming and improving its advertising strategy. The streaming giant’s stock surged to a record close of just over $772 on October 21, 2024, marking a 34% gain over th ...

Netflix (NASDAQ: NFLX ) just broke out to new all-time highs, and it appears that shares may continue to ascend the chart on the strength of the company's subscriber and profit growth. Further, Netflix has proven that its adZvi provides advisory services to companies, trusts, and individuals, including consulting expert services regarding retirement and estate planning. Zvi is admitted to practice law in the state of New York, where he offers cash management, Bitcoin, and Trust Protector services. Zvi is al ...

The company is abandoning one important metrics it gives to investors.Netflix (NFLX 1.07%) has done it again. The video-streaming giant just reported strong Q3 earnings that sent its stock soaring more than 10% to all-time highs. The company is gaining subscribers while adding more arrows to its quiver, including gaming, advertising, and live events.Earnings are important, and investors will keep focusing hard on revenue and profit as long as Netflix is a publicly traded company. However, Netflix will be ma ...

Netflix (NFLX) has once again proven its mettle in the streaming wars, delivering a stellar third-quarter 2024 performance that cements its position as the industry leader. The company's impressive earnings beat and raised guidance make it a compelling case for investors looking to capitalize on the growing digital entertainment market.In a knockout quarter, Netflix reported earnings of $5.40 per share, surpassing the Zacks Consensus Estimate by 6.09% and posting a remarkable 44.8% year-over-year increase. ...

Netflix still sees a lot of room to expand margins. Netflix (NFLX 0.95%) isn't the stock market darling it once was. While the video streamer was once squarely featured in the FAANG group of fast-growing tech stocks, it's the only one of the group to be left out of the "Magnificent Seven," one of the current groupings of elite tech stocks. The company suffered a setback as the pandemic wound down -- subscribers briefly dipped and profits fell -- but Netflix has adapted to the new streaming landscape and is ...

Netflix (NFLX) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, NFLX crossed above the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Similar ...

Netflix (NFLX) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NFLX broke through the 50-day moving average, which suggests a short-term bullish trend.One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down tr ...