3/21/2024 0 Comments Current stock price netflix![]() ![]() We may also receive compensation if you click on certain links posted on our site. ![]() We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. but here's some supporting information and analysis.į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. ![]() Only you can make the decision on the time to leap. The company saw paid net additions of 8.8 million over the three months ended September 30, 2023. Netflix expects paid net additions for the fourth quarter to be similar to Q3 2023. Netflix forecasts adjusted earnings of $2.15 per share on $8.7 billion in revenue for the fourth quarter of 2023, in line with the $2.15 in earnings on $8.8 billion in revenue Wall Street expects. January 16, 2024: Netflix is expected to release its next earnings report on 23 January and results may be positive, seeing as the streaming company added 8.76 million new subscribers, surpassing its forecasts, largely down to its advertising support plan and cracking down on password sharing in the US. Analyst Justin Patterson from KeyBanc maintained a Buy rating, with a $545 price target. Analyst Jason Bazinet from Citi maintained a Hold rating, with a $500 price target. maintained a Sell rating, with a $425 price target. Analyst Matthew Harrigan from Benchmark Co. January 19, 2024: The latest analyst outlook on Netflix is mixed. January 23, 2024: Analyst Michael Morris from Guggenheim reiterated a Buy rating on Netflix (NFLX), with a $500 price target. January 24, 2024: Netflix's stock price increased slightly after releasing its earnings report, adding over 13 million subscribers and beating revenue expectations. The gift was made to an undisclosed entity and disclosed in a regulatory filing Friday, according to CNBC. January 29, 2024: Netflix co-founder and executive chairman Reed Hastings has gifted two million shares of the streaming giant, with a current value of more than $1.1 billion. All international money transfer servicesįebruary 8, 2024: Analyst Eric Sheridan from Goldman Sachs maintained a Hold rating on Netflix, with a $500 price target.An earlier version misstated the results. "We're now really getting to learn from all of those games," COO Greg Peters said.Ĭorrection: Netflix beat on profit and was in line with expectations on revenue. The new games may help it gain insight into which characters are most popular, which could eventually help shape its content. Netflix also updated investors on its push into gaming. The company has been releasing games based on its popular titles to its subscribers. Price increases can help offset waning customer growth. Netflix's strategy is to increase prices as customers become even more entrenched in the company's exclusive content. The standard plan jumped from $13.99 to $15.49 and the premium plan rose from $17.99 to $19.99. In the United States, the monthly cost for the basic plan rose $1 to $9.99. Netflix announced price increases in the U.S. "It's a dynamic market for sure, it may not be as steady as people think about it in terms of we're gonna add X number every quarter, every month, every week, but there's no question that's the direction the business is going in," co-CEO Ted Sarandos added. The company reported 222 million paid memberships in the fourth quarter. "It's definitely frustrating for us, the current slower growth," co-CEO Reed Hastings said during a pre-taped earnings interview. Netflix, wanting to attract the 800 million to 900 million households that use either broadband internet or pay-TV, said it's still early days when it comes to reaching that number. Personal Loans for 670 Credit Score or Lowerĭisney and Roku shares also dipped more than 4% in after-hours trading. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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