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Stockreport

Netflix's password sharing crackdown is paying off as earnings beat Wall Street expectations [Los Angeles Times (CA)]

Netflix, Inc. (NFLX)  More Company Research Source: Los Angeles Times
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Revenue was up 15% to $9.37 billion in the first quarter, the Los Gatos, Calif. streamer reported. Net income was $2.3 billion , compared to $938 million in the same period in 2023. The company beat Wall Street's estimates on revenue, subscriber additions and net income, according to FactSet. Analysts on average had projected that Netflix would increase its customer base by around 5.5 million subscribers, FactSet calculated. Netflix has impressed investors as the company cracks down on password sharing , grows its lower priced ad-supported subscription tier and puts out a steady stream of popular original programs Netflix's stock price has increased 30% so far this year. Netflix's stock has recovered more than two years after subscriber losses and disappointing results sent the stock spiraling. Netflix shares closed at $611.15 a share on Thursday, down 0.4%. The shares fell about 5% in afterhours trading. “When analyzing key metrics such as subscribers, profitability, and a [Read more]

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Stockreport

Netflix's password sharing crackdown is paying off as earnings beat Wall Street expectations [Los Angeles Times (CA)]

Netflix, Inc.  (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Revenue was up 15% to $9.37 billion in the first quarter, the Los Gatos, Calif. streamer reported. Net income was $2.3 billion , compared to $938 million in the same period in 2023. The company beat Wall Street's estimates on revenue, subscriber additions and net income, according to FactSet. Analysts on average had projected that Netflix would increase its customer base by around 5.5 million subscribers, FactSet calculated. Netflix has impressed investors as the company cracks down on password sharing , grows its lower priced ad-supported subscription tier and puts out a steady stream of popular original programs Netflix's stock price has increased 30% so far this year. Netflix's stock has recovered more than two years after subscriber losses and disappointing results sent the stock spiraling. Netflix shares closed at $611.15 a share on Thursday, down 0.4%. The shares fell about 5% in afterhours trading. “When analyzing key metrics such as subscribers, profitability, and a [Read more]

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