Bloomberg's Ed Ludlow and Caroline Hyde discuss Netflix as the company reported subscribers that beat analyst estimates. Plus, new data out from Counterpoint Research shows a jump in iPhone demand in China, and Tesla faces a US probe over its Full Self-Driving feature after a series of crashes.
Streaming giant Netflix posted third quarter earnings, beating Wall St. forecasts and adding more than 5 million subscribers. Bloomberg's Felix Gilette joins Ed Ludlow and Caroline Hyde to discuss on "Bloomberg Technology.
A good year for Netflix is only getting better, as the streaming giant saw its ranks of paid subscribers surge 14.4% to 282.7 million members during the third quarter of 2024.
Netflix's Q3 earnings beat top- and bottom-line estimates, showcasing strong revenue growth, improved operating margins, and significant free cash flow, reinforcing my BUY rating. The company's robust content slate drives subscriber engagement and ads-tier growth, solidifying its lead in the streaming wars. Despite impressive ads-tier membership growth, uncertainty remains around monetizing ads inventory, with management indicating no significant impact for the ads business on FY25 revenues and profits.
I'm maintaining my buy on Netflix post 3Q24 earnings after the company beat on subscriber growth and showed solid footing for next year. I believe the anticipated price hikes will better position the company to drive top-line growth throughout FY25. I think management's focus on improving core film and series offerings and other growth catalysts like games and live will enhance engagement, boosting the top line in the longer term.
Netflix, Inc. just reported Q3 2024 results and outlook, making good on its shift in focus to revenue. We think Netflix will outperform in 2025 due to higher ARM and a pickup in investor confidence in the ad tier through the fiscal year. Netflix has pricing power, in our opinion, due to its first-mover advantage, which remains relevant today. We think potential price hikes down the road will boost ARM.
Jason Helfstein, Oppenheimer & Co head of internet research, joins CNBC's 'The Exchange' to discuss Netflix's earnings, why he's bullish on the stock, and more.
The company's profit and revenue also beat estimates, a positive sign for its efforts to shift investor focus away from subscriber growth.
Netflix surging today after reporting positive earnings. It's our Chart Of The Day.
Netflix (NFLX) shares surged to a record high Friday, a day after the streaming giant's third-quarter earnings beat expectations, with several analysts raising their price targets for the stock.
Netflix (NFLX) reported better-than-expected third quarter results, sending the streaming giant's shares higher and fueling bulls' confidence. Citi managing director Jason Bazinet joins Seana Smith and Brad Smith on Morning Brief to explain why he's staying neutral on Netflix stock.
Netflix Inc NFLX analysts are impressed with third-quarter results and strong subscriber additions. The company's fourth-quarter and 2025 guidance is leading to more bullish commentary from Netflix analysts and increased price increases after Thursday's results.