Netflix dips despite beating subscriber, financial forecasts with double-digit growth [Seeking Alpha]
WPP plc American Depositary Shares (WPP)
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Source: Seeking Alpha
expectations on subscriber growth and beat financial forecasts, showing off double-digit gains, but said it would stop reporting subscriber numbers in time. Global streaming paid net additions came to 9.33M, bringing the global paid membership total to 269.6M. That figure beat Bloomberg consensus for 4.84M in additions, and while it wasn't as much as the 13.12M added in the fourth quarter, the 16% year-over-year growth was faster in a traditionally slow quarter. (First-quarter subscriber growth a year-ago came to 4.9%). Meanwhile, revenue rose 15% to $9.37B, operating income rose 54% to $2.63B, and operating margin rose seven points to 28%. "We're off to a good start in 2024," Netflix said. The results, and foreign-exchange rates, spurred the company to raise its full-year operating margin target to 25% from 24%. It had forecast full-year revenue growth of 13-15%. Netflix says it will stop providing quarterly membership numbers in a year. It had previously stopped forecasting
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News
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- WPP (LON:WPP) Is Due To Pay A Dividend Of £0.244 [Yahoo! Finance]Yahoo! Finance
- The Lacek Group Tackles "Next-Gen Engagement Marketing" in New White PaperPR Web
WPP
Sec Filings
- 5/1/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/5/24 - Form SC
- WPP's page on the SEC website