ETFs to Tap Netflix's Q2 Earnings Beat
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Netflix had success with "Squid Game" in the second quarter, but investors and analysts want to know what's next outside the company's key franchises.
Netflix is due to report second-quarter results after the close of trading Thursday, with Wall Street eagerly anticipating a strong kickoff to media earnings season from the giant streamer. "Currently,
Netflix shares declined more than 5% in early trading on Friday, as investors were disappointed by the streaming giant's revenue forecast raise being driven by a weaker dollar instead of strong customer demand.
What Happened: On Wednesday, Fishman said that he was “Expecting mid-teens revenue growth” during its second quarter, while speaking to CNBC’s Closing Bell Overtime, while pointing to pricing increases and the ramp-up of ad monetization as the two primary catalysts driving bottom-line gains.