The streaming giant showed new momentum in the fourth quarter. Meanwhile, founder and co-CEO Reed Hastings is stepping back to executive chairman. Read More...
The Wall Street Journal
Netflix Stock Falls Ahead of After-Hours Earnings
Shares of Netflix fell in Thursday trading ahead of the company’s latest quarterly financial results, scheduled for release after today’s close. The headline expectations, according to FactSet: + Fourth-quarter revenue of $7.86 billion + Net income of $257.6 million + 4.6 million net new paid subscribers; the company guided investors toward 4.5 million The stock, recently down 1.5%, is up about 9% in 2023 so far, though down some 37% over the past 12 months. Read today’s [full daily markets roun
