Market Overview - S&P 500 closing at a fresh record high around 6000 to 97 and change, up about 05% [7] - Nasdaq composite adds 153 points, Nasdaq 100 adds more than 170 for a fresh record high [7] - Russell 2000 adding 27 points or 12% [7] - Nine out of the 11 sectors finishing in the green, financials and consumer staples leading the way up 09% [8] - Healthcare is the laggard on the day, down about 12% [8] Company Performance (Netflix) - Netflix's revenue and profit rose, beating estimates, and gross margin operating margin expanded in the most recent quarter [10] - Netflix expects revenue from the ads business alone to double in 2025 [15] - Netflix's market cap is bigger than Walt Disney, Comcast and Warner Brothers Discovery [21] - Netflix is strategizing globally versus in the US, because growth prospect within the US is really diminished and the growth opportunity is really overseas [20] Guidance - Netflix's revenue will be in the range of 448 billion to 452 billion, above the previous guidance [11]
Netflix Reports Results | Closing Bell