Tag Archives: Netflix

Netflix is still reeling from its unexpected decline in Q1 subscribers — and the major dip is causing co-CEO Reed Hastings to rethink his anti-advertising approach following years of resistance. “Those who have followed Netflix know that I have been against the complexity of advertising and a big fan of the simplicity of subscription,” Hastings said during the company’s earnings call last week. “But as much as I am a fan of that, I am a bigger fan of consumer choice, and allowing consumers… Source link

(Bloomberg) — Bill Ackman ditched his stake in Netflix Inc. after losing more than $430 million on his investment in less than three months. Most Read from Bloomberg Ackman’s Pershing Square Capital Management said Wednesday it had sold its Netflix holdings after the streaming TV pioneer reported an unexpected drop in subscribers in the first quarter and projected an even steeper decline in the current one. Netflix shares tumbled 35% to $226.19 at the close in New York, making it the worst… Source link

U.S. stock futures opened lower Tuesday evening to give back gains after a rebound rally during the regular trading day, as investors took in a host of quarterly earnings results and looked ahead to more data. Contracts on the S&P 500 declined by about 0.5% as the overnight session began. The index closed higher by 1.6% during Tuesday’s earlier session. Nasdaq futures fell by nearly 1% as shares of tech giant Netflix (NFLX) slumped after posting an unexpected decline in quarterly subscriber… Source link

By Dawn Chmielewski and Tiyashi Datta (Reuters) -Netflix Inc said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in more than a decade and predicted deeper losses ahead, marking an abrupt shift in fortune for a streaming company that thrived during the pandemic. The company said it lost 200,000 subscribers in its first quarter, falling well short of its forecast of adding 2.5 million subscribers. Suspending service in Russia after… Source link

Netflix (NFLX) is cracking down on password sharing. In a blog post, the streaming giant revealed it is currently testing an additional charge between $2 to $3 for subscribers who share accounts with people outside of their household. The new pricing model will first be tested in Chile, Costa Rica, and Peru. The company did not give an indication if or when this rollout would happen in the U.S. Netflix “always made it easy for people who live together to share their Netflix account, with… Source link

Netflix (NFLX) is taking a beating on Wall Street. Shares of the streaming giant have cratered 52% since reaching record highs in November 2021. So far, 2022 has not aided the slump, with shares down a whopping 45% year-to-date. “The concern is the the growth outlook,” Dave Heger, Edward Jones senior equity analyst, told Yahoo Finance Live, citing the company’s disappointing subscriber outlook as a catalyst for the sell-off. In its latest earnings report, Netflix said it expects to add 7… Source link

Netflix, China-based TikTok join Google, Apple, other companies cutting ties with Russia | Fortune … Source link

NEW YORK, Jan. 27, 2022 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for NOW, NFLX, YNDX, WDC, and AAPL. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock. Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system… Source link

Fans of inky blacks and bright highlights rejoice: Netflix now officially lists HDR support for Google’s Pixel 6, 6 Pro, and more affordable 5A. That’s according to one of the streaming giant’s support pages, spotted by 9to5Google, which appears to have been updated some time after January 14th. The update also appears to have listed the phones as supporting HD on the service. The update should mean owners of Google’s latest smartphones won’t have any problem watching HDR or HD… Source link