Netflix (NASDAQ:NFLX) First Quarter 2024 Results Key Financial Results Revenue: US$9.37b (up 15% from 1Q 2023). Net income: US$2.33b (up 79% from 1Q 2023). Profit margin: 25% (up from 16% in 1Q 2023). The increase in margin was driven by higher revenue. EPS: US$5.40 (up from US$2.93 in 1Q 2023). earnings-and-revenue-growth All figures shown in
Netflix (NFLX) will stop reporting subscriber figures at the start of next year. That doesn’t sit well with Wall Street. The stock fell as much as 9% on Friday following the news, which was revealed as part of the company’s first quarter earnings report the day prior. It’s a surprising announcement, especially for an industry
Netflix said Thursday in a letter to investors that starting next year, it will no longer reveal exactly how many subscribers it has. Telling investors about company metrics — besides profits and losses and other financial information — is something a lot of companies do. When a company is in its infancy, there’s a decent chance
Many stock strategists began the year harping for a rebound in small cap performance as consensus believed the Federal Reserve would begin reducing interest rates in the first half of 2024. Now, with the market scaling back its hopes for interest rate cuts this year, the small cap Russell 2000 Index (^RUT) is down nearly
US stocks rose on Thursday as investors braced for Netflix (NFLX) to kick earnings season into high gear. The S&P 500 (^GSPC) gained 0.5%, while the Dow Jones Industrial Average (^DJI) rose about 0.7% after closing lower in the prior session. The Nasdaq Composite (^IXIC) increased 0.4% following tech’s recent slump. Stocks have struggled amid
If you are a serious investor, your sweetheart was likely mad at you on Valentine’s Day. That’s because you were studying the 14,000 different investment positions that hedge fund giant Citadel had at year-end. Every Feb. 14, big money managers are required to file 13F forms with the U.S. Securities and Exchange Commission, revealing many
People are flooding to social media ‘speechless’ over a new Netflix documentary about cryptocurrency. Some people are skilled when it comes to investing and dealing in cryptocurrency and others? Well, others just hack the system. A new Netflix documentary has revealed how three men did just that and it’s leaving viewers pretty enraged. The documentary