Followers | 679 |
Posts | 141019 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Friday, April 12, 2024 9:53:56 AM
By: 24/7 Wall St. | April 12, 2024
Over the past year, Netflix Inc. (NASDAQ: NFLX) shares have increased by 86% while rivals have lost billions of dollars. The S&P 500 is 36% higher over the same period. The game may already be over in a race that includes at least half a dozen large players.
In its most recently reported quarter, Netflix revenue rose 12% to $8.8 billion. The company forecasts that the growth will be 13% in the current quarter to $9.2 billion. While operating margins slipped to 17% last quarter, they are expected to jump to 26% in this one. Part of the reason for the growth was its ad-supported service. (Check out Netflix Stock Price Prediction in 2030: Bull, Base and Bear Forecasts.)
Netflix said it had 260 million subscribers worldwide in the most recently reported quarter, up from 233 million in the same quarter the year before and 247 million in the immediately previous quarter.
Except for Amazon Prime Video, which is often bundled with the Prime service and includes special deals and free delivery, Netflix competitors have lost billions of dollars. Disney+ has yet to make money since it was launched in 2019. Warner Bros. Discovery’s Max service lost $400 million in the most recently reported quarter.
Several other services will never catch up to Netflix in terms of total subscribers. Paramount+ has 63 million, Hulu has 49 million, Peacock has 28 million, and Apple TV+ has 25 million.
Among the most important parts of Netflix’s success is that Americans typically only subscribe to a few streaming services. Forbes puts the figure at 2.8. Rivals have to try to catch Netflix in an already overcrowded industry.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent NFLX News
- U.S. Index Futures Surge While Wall Street Eyes Rebound on Earnings Focus, Oil Prices Slip • IH Market News • 04/22/2024 12:09:47 PM
- Nasdaq, S&P 500 Extend Losing Streaks On Tech Weakness But Dow Advances • IH Market News • 04/19/2024 08:32:14 PM
- Futures Pointing To Roughly Flat Open After Israel Retaliates Against Iran • IH Market News • 04/19/2024 01:15:30 PM
- Paramount’s Shares Surge Following Sony and Apollo’s Joint Bid; ISS Backs Berkshire Hathaway Director Re-election, and More • IH Market News • 04/19/2024 11:31:22 AM
- Nasdaq, S&P 500 Extend Losing Streaks To Five Days • IH Market News • 04/18/2024 08:40:13 PM
- Netflix Set to Unveil Q1 2024 Earnings Amid Subscription Growth and Rumors of Price Increases • IH Market News • 04/18/2024 12:27:18 PM
- U.S. Futures Rebound Amid Global Market Fluctuations, Oil Prices Decline • IH Market News • 04/18/2024 11:15:03 AM
- TSMC Revenue Rises 13% in Q1, Alcoa Exceeds EBITDA Expectations Despite Loss, and More Earnings News • IH Market News • 04/18/2024 11:14:18 AM
- Costco Increases Dividend by 14%, Meta Introduces ‘Artemis’ AI Chip, and More News • IH Market News • 04/11/2024 11:24:54 AM
- Netflix to Announce First Quarter 2024 Financial Results • PR Newswire (US) • 03/15/2024 04:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:59:55 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:59:44 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:59:31 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:59:20 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:59:04 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:58:49 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:58:27 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:58:16 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:58:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:36:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 12:26:04 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 12:24:49 AM
- Form 144/A - Report of proposed sale of securities: [Amend] • Edgar (US Regulatory) • 02/28/2024 10:54:49 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/27/2024 09:28:57 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/27/2024 05:49:08 PM
FEATURED NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM