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Stock impact report

Profit Hunt In Difficult Transition To Define Media Earnings Season [Forbes]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: Forbes
more demanding market will define the upcoming earnings season for major media and tech companies that run the video-entertainment business. A note this week from Macquarie Equity Research forecasted an “uninspiring” first quarter from the five big media companies (Comcast CMCSA , Disney, Fox, Paramount PARA and Warner Bros. Discovery WBD ) as the legacy broadcast and cable networks continue to decline while direct-to-consumer streaming remains an expensive, usually loss-making venture. The news is far better for Netflix and other tech giants in the video business, in part because they don't have to deal with those fading legacy divisions. First up to report is sector leader Netflix NFLX , with earnings due after market close on Thursday. Share prices have vaulted upward more than 28% since the start of the year, as it has generated billions in free cash flow and added millions of additional subscribers since an ugly earnings announcement almost exactly two years ago. That 2022 Show less Read more
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