Netflix, Inc. (NFLX)
Cobalt Blue boosts finances on completing entitlement issue
Cobalt Blue Holdings Ltd has bolstered its finances by A$519,647 ahead of a key year in its critical minerals strategy after closing a pro-rata non-renounceable offer to eligible shareholders. The offer was made on the basis of one new share for every five shares held by eligible shareholders on November 21, 2024, at an issue price of A$0.072 per share. This represented a 10% discount to the closing price of A$0.08 on November 15, 2024, and between 20-23% to the 10 and 15-day VWAP, respectively as of that date. When the offer closed on January 17, 2025, Cobalt Blue had received applications for 7,217,314 new shares, including those received under a top-up facility. The expected date to issue new shares under the entitlement issue is January 23, 2025, and the expected date of the start of trading of these shares is January 24, 2025. READ: Cobalt Blue progresses refinery and feedstock plans, including black mass MOU The company intends to use the funds together with existing cash resources to fund the following: READ: Cobalt Blue creating circular battery economy facilitated by ReMine+ The company reserves the right to place the shortfall shares from the entitlement issue at its discretion within three months of the closing date. COB shares have been as much as 6.25% higher in ASX trading today to A$0.068. Netflix Inc (NASDAQ:NFLX, ETR:NFC) shares soared after the streaming service’s strong content slate saw it add a record 18.9 million subscribers during the fourth quarter ending the year with 302 million subscribers. Analysts had expected Netflix to add about 9 million subscribers, below the 13.1 million it added in the year-ago quarter. For Q4, Netflix reported earnings per share of $4.27 which topped estimates of $4.19. Revenue of $10.25 billion marked a 16% year-over-year increase and beat the consensus of $10.12 billion. Netflix said in a letter to shareholders that its Q4 slate outperformed even its high expectations. “Squid Game season 2 is on track to become one of our most watched original series seasons, Carry-On joined our all-time Top 10 films list, the Jake Paul vs. Mike Tyson fight became the most-streamed sporting event ever and on Christmas Day we delivered the two most-streamed NFL games in history,” the company said. For the first quarter, Netflix projected revenue growth of 11.2% to $10.42 billion and earnings per share of $5.58, missing Wall Street estimates of $10.5 billion and $5.96, respectively. For the full year, Netflix boosted its full-year revenue outlook to now expect revenue in the range of $43.5 billion to $44.5 billion, up from its earlier forecast of $43 billion to $44 billion. “We’re focused on improving all aspects of our service and, combined with the return in 2025 of our biggest shows (Squid Game, Wednesday and Stranger Things), we’re optimistic heading into the new year,” Netflix told shareholders. Additionally, Netflix announced a $15 billion stock buyback and announced it will be raising its prices starting on Tuesday with most plans in the US, Canada, Portugal and Argentina. Details about the price increases were not immediately available. Shares of Netflix surged 12.5% to $978 post-earnings.
Netflix Wows Wall Street as Subscribers Double. Can a Stock Split Be Far Behind?
Streaming giant Netflix (NASDAQ:NLFX) trounced Wall Street expectations with a fourth quarter earnings report that excelled across the board.
Supino: Netflix offers good value with a tier for everybody these days
Peter Supino, Managing Director at Wolfe Research, discusses Netflix's impressive quarterly performance, emphasizing its strategic pricing and advertising tiers that cater to various consumers.
Netflix Just Announced Another Price Increase: What You Should Know
Netflix's (NFLX 1.35%) fourth-quarter earnings release on Tuesday afternoon included several major surprises for investors. Revenue, earnings, and membership count, for instance, all came in ahead of expectations for the quarter.
Netflix: I Backed Out Too Soon, This Stock Is A Powerhouse (Upgrade)
Netflix surprised the markets with a blockbuster Q4 earnings print, with subscriber adds of 18.9 million roughly doubling Street expectations. The company is implementing yet another round of price increases, with the ad plan jumping to $7.99/month (from $6.99) and the standard plan to $17.99 (from $15.49). The company raised its FY25 outlook as well, and there's room for further improvement as the forecast calls for only 12-14% top-line growth (vs. a 16% increase in standard pricing).
These Analysts Boost Their Forecasts On Netflix Following Upbeat Q4 Results
Netflix Inc. NFLX reported stronger-than-expected fourth-quarter financial results on Tuesday.
Pantoro appoints experienced mining professional Stuart Mathews to board
Pantoro Ltd has bolstered its board by appointing experienced mining professional Stuart Mathews as an independent non-executive director, effective today. Mathews has more than 30 years of experience and is highly regarded in the industry for his ability to successfully deliver projects from early feasibility stages through to mine development, construction and full-scale operations. The company expects that his comprehensive understanding of all key disciplines at operating mine sites will add significant value to its leadership. Until his retirement from executive roles in 2024, Mathews served as executive vice president – Australasia for Gold Fields Limited. In this role and his prior role as VP Operations, Mathews was instrumental in setting the strategy pathway, operational improvement and significant growth of Life of Mine for the St Ives operation, about 100 kilometres north of Norseman and in a similar geological setting to Pantoro's Norseman Gold Project. Pantoro chairman Wayne Zekulich said: “We welcome Stuart to Pantoro’s board. Stuart’s depth of knowledge and experience will be of significant value to Pantoro and his strong technical and operational expertise is a great complement to the existing skills of the Pantoro board. "His appointment comes at an important time as we ramp up operations at the Scotia underground mine and pursue key growth programs at the Norseman Gold Project, positioning the company for its next phase of growth.” Mathews’ extensive knowledge and experience in the South-Eastern Goldfields of Western Australia is expected to be invaluable to Pantoro. In addition to his accomplishments at St Ives, Mathews delivered several high-profile projects during his career, including the Cowal Gold Project for Barrick Australia, the Palmarejo Silver-Gold Mine in Mexico for Coeur D’Alene Mines and the Mineral Hill Mine for KBL Mining. Netflix Inc (NASDAQ:NFLX, ETR:NFC) shares soared after the streaming service’s strong content slate saw it add a record 18.9 million subscribers during the fourth quarter ending the year with 302 million subscribers. Analysts had expected Netflix to add about 9 million subscribers, below the 13.1 million it added in the year-ago quarter. For Q4, Netflix reported earnings per share of $4.27 which topped estimates of $4.19. Revenue of $10.25 billion marked a 16% year-over-year increase and beat the consensus of $10.12 billion. Netflix said in a letter to shareholders that its Q4 slate outperformed even its high expectations. “Squid Game season 2 is on track to become one of our most watched original series seasons, Carry-On joined our all-time Top 10 films list, the Jake Paul vs. Mike Tyson fight became the most-streamed sporting event ever and on Christmas Day we delivered the two most-streamed NFL games in history,” the company said. For the first quarter, Netflix projected revenue growth of 11.2% to $10.42 billion and earnings per share of $5.58, missing Wall Street estimates of $10.5 billion and $5.96, respectively. For the full year, Netflix boosted its full-year revenue outlook to now expect revenue in the range of $43.5 billion to $44.5 billion, up from its earlier forecast of $43 billion to $44 billion. “We’re focused on improving all aspects of our service and, combined with the return in 2025 of our biggest shows (Squid Game, Wednesday and Stranger Things), we’re optimistic heading into the new year,” Netflix told shareholders. Additionally, Netflix announced a $15 billion stock buyback and announced it will be raising its prices starting on Tuesday with most plans in the US, Canada, Portugal and Argentina. Details about the price increases were not immediately available. Shares of Netflix surged 12.5% to $978 post-earnings.
Morning Bid: Trump switches to AI as tariffs lurk, Netflix soars
A look at the day ahead in U.S. and global markets from Mike Dolan
Orthocell accelerates global commercial expansion for Remplir™ on back of strong sales growth
Buoyed by early sales traction for Remplir™ described as “outstanding”, Orthocell Ltd is accelerating its global commercial expansion strategy into multiple key jurisdictions ahead of US FDA clearance which is expected in March/April 2025. The sales growth in the Australia, New Zealand and Singapore markets is evidenced by a third consecutive quarter of record revenue and the company is making plans to enter a number of other key markets across 2025 including Canada, Thailand, United Kingdom, European Union and Brazil. Expansion into these markets will significantly increase the revenue opportunity for the company to circa US$3.2 billion, where the company’s is targeting a 20% market share. Other ASEAN and Latin American markets are also under evaluation as the regenerative medicine company plans to build on the early momentum. Global regulatory strategy for Remplir 2025-2026. Remplir is a collagen wrap used in nerve repair surgery and is intended to assist surgeons to improve outcomes in the repair and regeneration of damaged nerves. Approved for sale in Australia, New Zealand and Singapore, Remplir is distributed by Device Technologies(DVT), a large and highly regarded distributor of high-quality medical devices. Orthocell said Remplir’s unique qualities, allowing less suturing, creation of an optimal healing microenvironment and facilitation of free gliding in the repair site during the critical healing period, had contributed to the traction the product had gained since the Australian market launch in November 2022. About 160 orthopaedic and plastic surgeons are using Remplir in peripheral nerve repair surgeries, from facial nerves to upper and lower limb nerves, across the three markets. A key next move for the company is to achieve clearance to commercially distribute Remplir into the USA, the largest and highest value nerve repair market, estimated to be worth ~US$1.6 billion US per annum. Preparations are well advanced and approval is expected in March/April 2025 with sales to begin shortly thereafter. Newly appointed experienced US-based executives John Walker and Phillip Edmondson are driving the go-to-market strategy while recruitment of the initial sales team, key opinion leader engagements, distributor appointments and initiating medical education and advocacy programs to support early sales are underway. Orthocell is moving rapidly in a bid to maintain the sales momentum of Remplir by accelerating global commercialisation. The application for a Medical Device Licence from Health Canada is well advanced and is expected to be lodged shortly while a regulatory submission for Thailand is targeted for end of the March quarter. Also on the expansion pathway are regulatory submissions for the UK and EU which are targeted for the September quarter of 2025, followed by Brazil in the December quarter. In addition to these planned submissions, the company is investigating other ASEAN markets such as Taiwan, Vietnam, Indonesia and Philippines as well as Latin American markets. Supporting the intentions to continue to broaden the company’s commercial footprint and grow revenues in existing and new markets, is a strong balance sheet with approximately $33 million cash at bank. Orthocell is targeting large addressable markets with ~1.8 million peripheral nerve repairs estimated across existing (Australia, NZ and Singapore) and planned markets (USA, Canada, Thailand, EU/UK & Brazil). The combined global market opportunity for Remplir is estimated to be approximately US$3.2 billion (circa A$5 billion) with Orthocell targeting a 20% market share. Effective expansion into other markets would see an increase in these projections, demonstrating strong near-term growth potential. Netflix Inc (NASDAQ:NFLX, ETR:NFC) shares soared after the streaming service’s strong content slate saw it add a record 18.9 million subscribers during the fourth quarter ending the year with 302 million subscribers. Analysts had expected Netflix to add about 9 million subscribers, below the 13.1 million it added in the year-ago quarter. For Q4, Netflix reported earnings per share of $4.27 which topped estimates of $4.19. Revenue of $10.25 billion marked a 16% year-over-year increase and beat the consensus of $10.12 billion. Netflix said in a letter to shareholders that its Q4 slate outperformed even its high expectations. “Squid Game season 2 is on track to become one of our most watched original series seasons, Carry-On joined our all-time Top 10 films list, the Jake Paul vs. Mike Tyson fight became the most-streamed sporting event ever and on Christmas Day we delivered the two most-streamed NFL games in history,” the company said. For the first quarter, Netflix projected revenue growth of 11.2% to $10.42 billion and earnings per share of $5.58, missing Wall Street estimates of $10.5 billion and $5.96, respectively. For the full year, Netflix boosted its full-year revenue outlook to now expect revenue in the range of $43.5 billion to $44.5 billion, up from its earlier forecast of $43 billion to $44 billion. “We’re focused on improving all aspects of our service and, combined with the return in 2025 of our biggest shows (Squid Game, Wednesday and Stranger Things), we’re optimistic heading into the new year,” Netflix told shareholders. Additionally, Netflix announced a $15 billion stock buyback and announced it will be raising its prices starting on Tuesday with most plans in the US, Canada, Portugal and Argentina. Details about the price increases were not immediately available. Shares of Netflix surged 12.5% to $978 post-earnings.
Netflix Explodes Into a New Era
The streamer ends subscriber reporting with blowout numbers and a price hike, but its record market value sets a high bar going forward.
Netflix Puts On A Show After Surpassing 300 Million Global Subscribers
Netflix started 2025 strong, surpassing 300 million global paid subscribers and exceeding revenue and earnings forecasts, driving shares up 13.2% in after-hours trading. Despite fantastic results and significant growth across all regions, Netflix shares are expensive, prompting a cautious 'hold' recommendation due to high trading multiples. Revenue for Q4 2024 was $10.25 billion, up 16% year-over-year, with notable subscriber growth in UCAN, EMEA, Latin America, and Asia Pacific regions.
Why Netflix stock is surging
Streaming pioneer Netflix (NASDAQ: NFLX) has had a remarkable turnaround.
