Streaming giant Netflix (NASDAQ:NLFX) trounced Wall Street expectations with a fourth quarter earnings report that excelled across the board. Sales, profits, and subscriber numbers all surged year-over-year and sequentially as new programming and sports offering drew in record views.
The streaming leader blew past expectations for subscriber growth, posting record additions of 18.9 million, well above the analyst consensus of 9.8 million. Subscriber growth was also broad-based with the company adding at least 4 million subscribers in all four of its regions,
Shares in Netflix (NFLX on the NASDAQ) skyrocketed $100 apiece on Tuesday afternoon following the release of the company's fourth-quarter financials. In a letter to shareholders,
The streamer hit a 52-week high of $999 per share during Wednesday's trading session after adding a record-breaking 18.9 million subscribers
Netflix shot up 14.6% after it reported adding nearly 19 million subscribers during the holiday-season quarter and it topped sales and profit targets. The video streaming service’s expansion into live programming appears to be paying off as it wrapped up its best year ever with more than $40 billion in revenue.
Wall Street will closely watch the streamer's ad-supported subscriber numbers. Bitcoin hits a new high ahead of Trump's inauguration. TikTok restores U.S. service after going dark.
Wall Street's major indexes opened positively as the S&P 500 approached a record high, driven by Netflix's strong quarterly results and President Trump's substantial investment in AI infrastructure. The Dow Jones,
What has Wall Street been buzzing about this week? Here are the top 5 Buy calls and the top 5 Sell calls made by Wall Street’s best analysts
Nasdaq led gains on Wall Street as investors responded positively to Netflix's strong performance and President Trump's AI infrastructure plan. Procter & Gamble also posted gains, while tariff threats loom.
Tech shares led US stocks higher Wednesday following strong earnings from Netflix and a White House announcement that reignited enthusiasm about artificial intelligence.
Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street’s forecasts, with live sporting events and the return of its popular South Korean series “Squid Game ...
Shares of Netflix soared after the company posted fourth-quarter results that beat on the top and bottom lines.