Netflix's latest earnings and surprisingly stable outlook defy the souring economy and plummeting consumer confidence [Yahoo! Finance]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: Yahoo! Finance
Street expectations and the company reiterated its positive business forecasts despite historically low U.S. consumer confidence. In its earnings release on Thursday, the company said, “Our revenue and profit growth outlook remains solid, with no change to our 2025 guidance forecast for revenue.” Netflix's confidence will likely encourage some investors, which have been pummeling some stocks, especially in the retail and apparel markets , amid extreme economic uncertainty ignited by the Trump administration's escalating trade war with China. Greg Peters, Netflix's co-CEO, said on an earnings call that the company has been largely unaffected by that economic turmoil. While leadership is paying close attention to the economy, he said, “there is nothing really significant to note,” with customer retention levels remaining stable and engagement with Netflix's shows staying strong. Executives argued that Netflix is benefiting from entertainment spending often being less impacted du
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