The streaming giant delivered upbeat quarterly figures, raising investors’ expectations for a renewed move into more growth.
The streaming platform added 5.9mn paying customers as free riders opted to pay for their binge watching.
Netflix’s share price reached a yearly high last Friday, and has risen more than 7% since the start of June.
The streaming kingpin (for now?) added just 1.75mn paying customers, sending its stock seesawing in after-hours.
The streamer outperformed the broader market on an upbeat rating and a lofty price target.
It’s never been more competitive for the king of streaming to stay on the throne as rivals creep up.
Netflix may be having a tough time in the streaming wars, but Friday brought some good news.
If Netflix’s recent revenue growth was a genre, it would be ‘horror’… ‘thriller’ at best.
With streaming companies slipping down the charts this year, pivoting to an ad-supported subscription is the new hot thing. But is it working?
Eeeeverybody turned up to watch Netflix’s Q3 release, and boy oh boy do those guys know how to put on a show.
Netflix investors’ not-so-chill year just got a lil bit better when the platform comes out with the first step of its revamp plan.
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