Netflix (NFLX) reported robust third-quarter 2024 results after the closing bell on Thursday. The world's largest video-streaming company outpaced earnings and revenue estimates and offered an upbeat guidance. Shares of Netflix jumped as much as 5.4% in after-market hours.Investors could tap the opportune moment through ETFs with the largest allocation to this streaming giant. These funds include MicroSectors FANG+ ETN (FNGS) , Invesco Next Gen Media and Gaming ETF (GGME) , First Trust Dow Jones Internet In ...

Netflix (NASDAQ: NFLX) is grabbing headlines once again as analysts from top Wall Street firms revise their stock price targets following the company’s impressive Q3 2024 earnings.Netflix is currently at an all-time high on October 18, with NFLX shares trading hands at $753.72, up +$66.06 (9.61%) from the previous close, at the time of publication.Netflix 1-day stock price chart. Source: FinboldThe streaming giant’s strong quarterly performance, which saw profits soar by 41% and the addition of 5.1 million ...

Netflix Today NETFLIX NFLX Netflix $754.55 +66.90 (+9.73%) 52-Week Range $392.26 ▼ $756.90 P/E Ratio 47.16 Price Target $705.74 Add to Watchlist Netflix's NASDAQ: NFLX uptrend will continue because the company is still growing and outpacing forecasts. In 2024 and 2025, the company's growth will be driven by the increasing user base and rising engagement, and in 2026, ad sales will drive it. The critical takeaway from the report is that business quality is also improving, driving a sustainable increase in ca ...

Netflix Inc (NASDAQ:NFLX) stock is 8.3% higher to trade at $744.38, and earlier hit a new record high of $756.89 after a blockbuster third-quarter earnings report. For the quarter, the streaming giant tallied earnings per share of $5.40 on revenue of $9.83 billion, saw total paid subscribers of 282.70 million, and issued fourth-quarter guidance that was ahead of expectations. Prior to today's pop, the shares were testing their 80-day moving average. Netflix stock is about to nab its 10th weekly win in 11, a ...

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Core Insights - Netflix added over 5 million subscribers in the third quarter, surpassing analyst expectations for the third consecutive quarter [2][3] - The company reported revenue of $9.8 billion, reflecting a 15% year-over-year increase, and profit growth of 41% year-over-year [2] - The Asia Pacific region experienced the highest revenue growth rate at 19%, compared to 16% growth in North America and Europe, Middle East, and Africa [4] Subscriber Growth and Revenue - The crackdown on password sharing and the rise of advertising-based subscriptions contributed to Netflix's success this quarter [3] - Netflix's local content strategy, including investments in original content, has enhanced its competitive edge [2][5] Regional Performance - Asia Pacific's revenue growth was driven by local content creation and partnerships with local storytellers [4][5] - Notable successes in the region include the South Korean production "Squid Game," which has been watched 265 million times globally and has accumulated 2.2 billion hours of watch time [5][6] Content Strategy - Netflix's approach includes commissioning content in local languages tailored for local markets, which has been pivotal for its international growth [5][7] - The variety of original content and early investments in markets like Japan and Korea have played a significant role in Netflix's growth trajectory [7] Market Reaction - Following the earnings report, Netflix's stock rose by 5% in after-hours trading, with a year-to-date increase of 46% [8]

On Thursday, October 17, Netflix (NASDAQ: NFLX) treated its investors to a particularly strong earnings report covering the third quarter (Q3) of 2024. In the filing, the company unveiled impressive figures in all of the relevant categories and offered strong forward-looking guidance.Additionally, Netflix stated it plans to continue strengthening its core movie and TV show offerings in the coming years, continue expanding into gaming, and improve its advertisements initiative.The ad-backed tier growth has b ...

In this articleNetflix logo is screened on a mobile phone for illustration photo. Krakow, Poland on October 17th, 2024.Netflix shares jumped Friday after the media streaming giant reported third-quarter earnings that beat expectations.Shares of Netflix were up 5.4% in U.S. premarket trading as of 4:39 a.m. ET.This breaking news story is being updated. ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

I analyze oil and gas companies, related companies, and Neflix in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here for a fr ...