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Netflix Earnings Review: Still Winning the Streaming Wars?
NFLXNetflix(NFLX) ZACKS·2024-10-18 19:55

Netflix ((NFLX) stock is making new record highs today on the back of a strong quarterly earnings report. Earnings per share of 5.40beatestimatesof5.40 beat estimates of 5.12 and revenue of 9.83billionbeatestimatesof9.83 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 ...