It topped estimates for quarterly subscriber additions by more than 1 million and projected higher sign-ups sequentially for the last three months of the...
- Netflix jumped more than 6% on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes.
The company's profit and revenue also beat estimates, a positive sign for its efforts to shift investor focus away from subscriber growth amid what some analysts see as an inevitable slowdown in sign-ups after the success of its password-sharing curbs. Part of the push includes price increases. After increasing fees in Japan, the Middle East and Africa as well as parts of Europe in recent weeks, Netflix is hiking prices in Italy and Spain, and some analysts expect a similar move in the U.S. next year.
At least eight analysts raised their price targets on the stock following results, bringing the median target to $750 from $706.38, according to data compiled by LSEG.So far this year, Netflix's stock has risen about 41.2%, Disney has been up 6.9%, while Warner Bros has shed about 31%. Madison Investments, an investment advisor, released its “Madison Mid Cap Fund” third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund returned 7.17% compared to the 9.21% increase for the Russell Midcap Index. The Fund returned 12.44%, in the year-to-date nine months, compared to An 82-year-old Dutch woman is still riding the same bicycle she was given nearly seven decades ago when she was 13.
Subscriber Growth Investor Optimism
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ellen DeGeneres Jokes She's Been 'Kicked Out Of Show Business' In Trailer For Netflix SpecialCurtis M. Wong is a Senior Culture Reporter at HuffPost. He has written for Billboard, The Prague Post, Passport Magazine, The Hartford Courant, Business Insurance Weekly, Abu Dhabi's The National and Ohio's Akron Jewish News, among other publications.
Read more »
Lately: New Google Street Views, Netflix pulls Canadian arts funding, and TikTok restaurant criticsPlus, the $3-billion industry where almost nobody makes money
Read more »
Finding Mr. Right tries to bring something fresh and original to the rom-comNew Kristen Bell Netflix series explores adjusting for the right person
Read more »
Kim Kardashian Met With Menendez Brothers In Prison After Netflix Series PremieredThe reality star, a vocal advocate for criminal justice reform, has been visiting prisons throughout California to hear people’s stories.
Read more »
Nobody Wants This is the steamy Netflix romcom that everyone wants, actuallyIt has taken far too long for the streamer to figure out romcom fans want more romances between a ripped religious leader and a dithery woman
Read more »
50 Cent's Diddy docuseries is heading to NetflixOne of Sean 'Diddy' Combs' biggest critics has announced he has a docuseries coming about the embroiled producer’s legal issues. Rapper and actor 50 Cent shared on social media Wednesday a Variety report that states his project about Combs has found a home at Netflix.
Read more »