Netflix NFLX reported third-quarter revenues of $11.51 billion, up 17% year over year, despite earnings falling short due to a Brazilian tax dispute. The streaming giant now faces a critical test: Whether its December content lineup can translate into stock momentum after shares declined following the earnings miss.
Netflix's hit sci-fi series "Stranger Things" is about to ride to its conclusion with a marketing and merchandising blitz befitting a blockbuster movie.
JPM shows solid operational strength as analysts highlight its NII outlook, fee pressures and expense trajectory through 2027.
Netflix's growth is impressive, but it's based on a less diversified business model than Alphabet's. Alphabet benefits from streaming tailwinds through YouTube while also drawing on search, cloud, and subscriptions.
Netflix shares jumped after its 10-for-1 stock split but sank after submitting a bid on Warner Bros. Discovery. YouTube has been winning the streaming war by gaining more viewers than Netflix and Disney+ combined. As YouTube gains share, Netflix is taking action as the TV market consolidates. Netflix's growth comes at a steep premium, and downward earnings revisions are on the rise.
NFLX's 10-for-1 split takes effect as the company enters a new phase backed by strong operational momentum. Hold the stock for now.
Netflix (NFLX) signals willingness to honor Warner Bros. (WBD) theatrical releases if it acquires the studio, amid ongoing bidding interest.
NBC will now have Sunday Night Baseball from 2026 to 2028. ESPN opted out of its Sunday Night Baseball rights earlier this year.
The agreements are valued at a combined $800 million annually.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
The stock market appears to be in turmoil right now. Many of the hottest tech names are sinking, as investor sentiment sours on the future of the economy, uncertainty builds around an interest rate cut path given inflationary pressures, and spending is being called into question by many of the mega-cap tech names which are driving the economy forward.
Netflix Inc (NASDAQ:NFLX) recently announced a 10-for-1 stock split, with trading on a split-adjusted basis set to begin next week.