Tag Archives: Netflix

The year is early, but Netflix (NFLX) shares are rocking as Wall Street gets more optimistic on a comeback year financially for the streaming beast. Shares of Netflix are up more than 10% so far in January, outperforming the Nasdaq Composite’s 2% gain. The stock is the best performing of the closely watched FAANG (Facebook, Amazon, Apple, Netflix, Google) complex, per Yahoo Finance data. In the past six months, Netflix shares are up more than 70%. Yahoo Finance takes a quick look at the drivers… Source link

Netflix (NFLX) shares have been on a tear over the last six months of the year. But investors will have plenty to worry for the company in 2023, according to one Wall Street analyst. Needham’s Laura Martin argued in a new client note on Thursday the stock will battle several headwinds in the new year including slowing subscriber growth and increased pressure on its key financial metric, average revenue per user, or ARPU. Shares of Netflix, down about 50% since the start of the year, have… Source link

Netflix’s (NFLX) new ad-supported offering appears to be undergoing some growing pains. According to a new study by subscription analytics firm Antenna, cited by The Wall Street Journal, the streaming giant’s $6.99 ad-supported offering was the least popular tier of its service during the month November. The ad tier, which officially debuted in U.S. markets on November 3, accounted for just 9% of Netflix sign-ups during the month. About 57% of those ad-supported subscribers re-joined the… Source link

Dave Chapelle Mathieu Bitton/Netflix Dave Chappelle The man who attacked Dave Chappelle onstage during his set at the Netflix Is a Joke Festival in May has been sentenced. Isaiah Lee was sentenced to 270 days in jail after pleading no contest to one charge of misdemeanor battery and one charge of entering a restricted area during a live event, a spokesperson for the Los Angeles City Attorney’s Office confirms to PEOPLE. A judge previously rejected the request of Lee’s attorney, Deputy Public… Source link

Netflix (NFLX) stock sank 7% in early trading on Thursday after a new report from Digiday said the streaming giant is falling short on viewership guarantees it made to advertisers for its new ad-supported tier. According to Digiday, which cited five agency executives, Netflix is now allowing ad buyers to take their money back after missing viewership targets. The company reportedly only delivered around 80% of the expected audience. Yahoo Finance reached out to Netflix for comment but did not… Source link

Netflix stock (NFLX) is at a 7-month high after three straight sessions of gains, buoyed by bullish investor sentiment surrounding the streaming platform’s newly launched ad-supported tier. Shares of the media giant, down roughly 50% since the start of the year, have climbed nearly 60% over the past six months. The stock rose about 3% in premarket trading on Tuesday. The ad plan, dubbed “Basic with Ads,” rolled out on November 3 with a price tag of $6.99 a month in the U.S. — just below… Source link

There’s a renewed bullish fever in Netflix (NFLX) stock following a better-than-feared third quarter and outlook as well as optimism around a major profit boost from the soon-to-launch ad-supported network. Netflix stock has surged 51% in the past six months, blowing away the 7% drop for the S&P 500. That fiery advance coupled with new fundamental drivers won over Wall Street’s biggest Netflix bear on Wednesday: Pivotal Research Analyst Jeff Wlodarczak. Wlodarczak aggressively hiked his… Source link

SEOUL, Oct 21 (Reuters) – South Korea’s parliament saw heated debate on Friday over proposed legislation to make global content providers such as Netflix (NFLX.O) and Alphabet’s (GOOGL.O) Google pay South Korean network fees. The deliberations mirror attempts in Europe by some countries that want the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure, as video streaming and other data usage surges. Various versions of legislation… Source link

Netflix (NFLX) shares closed 13% higher on Wednesday following the company’s huge third-quarter earnings report. The platform delivered a beat on both the top and bottom lines, in addition to 2.41 million net subscriber additions — crushing estimates of 1 million. “This company is clearly back on track,” Geetha Ranganathan, senior media analyst at Bloomberg Intelligence, told Yahoo Finance Live as analysts begin to separate themselves into optimistic and not so optimistic buckets. Following… Source link

Netflix (NFLX) is showing signs of a comeback, at least according to one bullish analyst. “I think it’s back to growth,” Santosh Rao, Manhattan Venture Partners head of research, told Yahoo Finance Live (video above). “It’s doing everything from a position of strength now because the big concern was: Are they rushing into this ad tier model from a position of weakness? Is their whole business model not working?” The company’s third-quarter earnings report showed a beat on both the top and… Source link