Tag Archives: Netflix

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

Netflix (NFLX): Shares soared 10% after the company said it added 2.41 million subscribers during the third quarter, surpassing Wall Street’s estimates of 1 million. Netflix executives noting in the earnings release that “after a challenging first half, we believe we’re on a path to reaccelerate growth” and the key is “pleasing members.” Netflix noted the strong dollar as a headwind and estimates the greenback’s appreciation to negatively impact full year 2022 revenue by up to… Source link

Netflix (NFLX) reported its fiscal third quarter earnings on Tuesday after the bell, crushing expectations and prompting shares to surge more than 14% in after hours trading. Here are Netflix’s third quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: Revenue: $7.93 billion versus $7.85 billion expected Adj. earnings per share (EPS): $3.10 versus $2.22 expected Subscriber net additions: +2.41 million versus +1 million estimated In a note to shareholders, the… Source link

Netflix stands to haul in big bucks over the next few years from the launch of its first ad-supported tier, estimates JPMorgan. Analyst Doug Anmuth estimated in a new note on Monday Netflix could drive 7.5 million subscribers to its ad-supported tier in its US/Canada segment in 2023. That alone will help drive $600 million in advertising sales in 2023 for the segment. Anmuth expects those numbers to swell by 2026 as Netflix’s execution on selling ads improves. By 2026, Anmuth thinks Netflix’s… Source link

Snap (SNAP), Netflix (NFLX): Netflix has hired two ad executives from Snap, Netflix confirmed to Yahoo Finance. Snap Chief Business Officer Jeremi Gorman and Vice President of ad sales Peter Naylor will be joining the streaming giant in September. Netflix COO Greg Peters said in a statement to Yahoo Finance, “Jeremi’s deep experience in running ad businesses and Peter’s background in leading ad sales teams together will be key as we expand membership options for consumers through a new… Source link

Warner Bros. Discovery’s (WBD) recent HBO Max retreat may signal good things to come for competitor Netflix (NFLX) — at least according to one media analyst. “[WBD] needs to be very focused on driving free cash flow and deleveraging,” Lightshed Partners’ Rich Greenfield told Yahoo Finance Live in a new interview, referencing the company’s reported $3.42 billion loss in the second quarter. “To them, that means embracing theaters and making sure they make as much money on every film,” the… Source link

Hey, friends! It’s that time again. Another week has passed us by, which means another issue of Week in Review — the newsletter where we recap the top stories to hit TechCrunch’s front page in the past seven days. Sign up here! The top story this week was about a new set of documents detailing how (and how often) the Department of Homeland Security taps third-party data brokers to obtain potentially sensitive location info while “sidestepping the legal process government… Source link

Netflix (NFLX) has chosen an ad partner. The streaming giant will partner with Microsoft (MSFT) to help roll out its new ad-supported offering later this year. The tech giant, which generated $10 billion in advertising sales last year, will serve as the streamer’s technology and sales partner. Netflix stock rose to a session high on the heels of the announcement, up more than 2% in midday trading. “Microsoft has the proven ability to support all our advertising needs as we work together to… Source link

When the Supreme Court overturned Roe v. Wade, many companies like Netflix (NFLX) revealed they’d pay expenses for workers who need to travel to get an abortion. Some employers also vowed in the same announcement to pay for those who need to go out of state for gender-affirming care, too. It might seem random for companies to stress their support for LGBTQ workers in the same breath as abortion rights. However, the move reflects employers’ efforts to foresee their workers’ needs and fears in… Source link

Netflix has made no secret that it would rely on third-party partners to roll into the ad-supported VOD space. Now word has emerged that Google and NBCUniversal are the top contenders to potentially land a coveted deal with the streamer to sell and serve ads for Netflix’s lower-cost plan with ads. Google and Comcast’s NBCU are both pursuing an exclusive pact with Netflix for the forthcoming ad-supported streaming package, the Wall Street Journal reported this week, citing… Source link