Netflix ((NFLX) stock is making new record highs today on the back of a strong quarterly earnings report. Earnings per share of $5.40 beat estimates of $5.12 and revenue of $9.83 billion beat estimates of $9.77 billion. Most notably, Netflix added 5.07 million subscribers last quarter, well above the forecast of 4 million.When it comes to streaming services, Netflix and Amazon’s ((AMZN) Prime Video are neck and neck for the top spot, each commanding a 22% share of the market. However, the business models ha ...

Netflix Analysis - The company's hybrid sports strategy is expected to help it maintain a competitive edge over its rivals [1] Analyst Background - The analyst is an Associate Professor in Finance and Corporate Governance at Brunel University London and holds a CFA charter [1] - The analyst has a PhD in Finance from the University of Durham, UK, and six years of investing experience in Indian and US equities with a medium to long-term horizon [1] - The analyst actively researches Behavioral Finance, Corporate Governance, Activist Hedge Funds, Cryptocurrencies, and M&A, and has published in top-ranked peer-reviewed journals [1] - The analyst produces and hosts a weekly investing podcast titled The Stock Doctor [1] Disclosure - The analyst has a beneficial long position in Netflix shares through stock ownership, options, or other derivatives [1] - The article expresses the analyst's own opinions and is not receiving compensation for it other than from Seeking Alpha [1] - The analyst has no business relationship with any company whose stock is mentioned in the article [1]

I'm a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I've spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of '08, and, more recently, with the AI boom. In one word, what I'd like my service to revolve around is momentum. I channel years of ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .We reiterate our buy on Netflix, Inc. (NASDAQ: NFLX ). The company reported Q3 earnings results after the bell on Thursday, adding around 5M paid subscribers versus consensus for 3.5-4.5M adds, bringing its total global paid members to 282.72M forAnalyst’s Disclosure: I/we have no stock, opt ...

Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes.The company, widely seen as the winner of Hollywood’s streaming wars, saw its stock rise nearly 10% to $754.90 and was set to add more than $28 billion to its market value of about $295 billion, if gains hold.It topped estimates for quarterly subscriber additions by more than 1 mil ...

Key TakeawaysNetflix shares surged to a record high Friday, a day after the streaming giant reported strong third-quarter earnings.Several analysts raised their price targets for the stock, citing Netflix's leadership in streaming, with JPMorgan analysts calling it a "top pick."Netflix said its content volume is picking up again after delays from the writers and actors strikes of 2023. Netflix (NFLX) shares surged to a record high Friday, a day after the streaming giant’s third-quarter earnings beat expecta ...

Key TakeawaysNetflix CFO Spencer Neuman said the company has "no plans to increase leverage to buy back stock or to issue a dividend."Neuman said Netflix is prioritizing "profitable growth by reinvesting in our business."Wall Street expects Netflix's full-year free cash flow to top $10 billion in 2026, according to Visible Alpha data. Sorry, dividend investors: You probably won’t be rushing to add Netflix (NFLX) to your portfolios. During the streaming giant’s third-quarter earnings call on Thursday, CFO Sp ...

Netflix (NFLX) reported third-quarter 2024 earnings of $5.40 per share, which beat the Zacks Consensus Estimate by 6.09%. The figure jumped 44.8% from the year-ago quarter.Revenues of $9.82 billion increased 15% year over year and beat the consensus mark by 0.6%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company has maintained healthy engagement levels in the third quarter, with about two hours of viewing per member per day, indicating strong member retention.On the ads fro ...

Why did Netflix shares surge today? Find out what's driving the media-streaming expert's stock to record-high prices.Shares of Netflix (NFLX 10.46%) soared to fresh all-time highs on Friday, boosted by a strong earnings report. The media streaming pioneer's stock had gained by 10.7% by 11:10 a.m. ET, adding up to a gain of 120% in 52 weeks.Sales and earnings breezed past expectationsNetflix's top-line revenue rose 15% year over year in the third quarter, landing at $9.83 billion. That's slightly ahead of a ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...