Since May 2022, Netflix’s shares soared over 300% from their low point in May 2022, making it the only major publicly traded streaming company to recover to the all-time-high levels since COVID-19. Investors were drawn to the rapid subscriber growth as people stayed at home and the shares soared. In contrast, other streaming companies have…
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In 2022, the company forecasted a 9 million subscriber gain, which would bring approximately 30 million net additions for the full year. NFLX’s revenue reports surpassed Wall Street’s prediction of $8.71bn, instead showing a quarterly revenue of $8.83bn, a 12.5% increase compared to the same period in 2022. The streaming giant sent waves through the…
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Meanwhile, Citigroup Inc., which also reported earnings on April 14, announced Q1 earnings of $1.86 per share, beating the broader market’s expectation of $1.66. Citigroup’s revenues also surprised to the upside, coming in at $21.44 billion for Q1 to analyst estimates of $17.91 billion. This represents a 12% improvement over last year’s figures. Both stocks…
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Vaccine hopes hit big tech stocks that have benefited from lockdown economy All three major US stock indices fell on yesterday in a rocky trading session that saw stocks sold off sharply in the final few hours before the close. One factor that may have driven the sell-off is positive news on a Covid-19 vaccine,…
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In the Dow Jones Industrial Average, which fell 2.4% yesterday, Boeing, Dow and Walt Disney were among the bottom five performers, along with Chevron and Exxon. Disney fell 4.1% as investors reacted to its decision to stop paying more than 100,000 workers during the shutdown while still planning to pay a $1.5bn dividend, while Boeing…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for April 29, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: NY AG Pursues Bitfinex & Tether: The crypto market dipped on the news that the New York…
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Global provider of online trading CMC Markets Plc (LSE:CMCX) has just announced that it now starts offering its clients the ability to spread bet and trade CFDs on the US Fang Plus index, including highly-traded growth stocks such as Facebook, Amazon, Netflix, Alibaba and Baidu. Just a week ago, CMC Markets added CFDs trading on…
Read moreNetflix's (NASDAQ: NFLX) stock surged 20% after hours on Monday as original hit shows like Stranger Things and Narcos helped the streaming video company crush Wall Street expectations. Netflix beat on both international and domestic subscriber additions by a hefty margin, as well as on EPS. Netflix's revenue was roughly in line with Wall Street…
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