Netflix, revenue and second quarter
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Netflix, Wall Street
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Wall Street analysts have long deemed Netflix the winner of the streaming wars. The company no longer reports quarterly how many customers it has.
Netflix leverages GenAI for stunning visuals, faster production, and personalized experiences, transforming filmmaking
Paul Meeks, Managing Director at Water Tower Research, tells 'Worldwide Exchange' that Netflix’s earnings growth is priced in, with live events and strong content driving future success.
The final season of global phenomenon "Squid Game" helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year.
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Earnings season continues Wednesday with Bank of America, Goldman Sachs and others on the way. Big non-financial companies coming up include Johnson & Johnson, followed Thursday by Netflix and PepsiCo.
Netflix exceeds Q2 expectations, but stock dips as FX gains, not operational outperformance, drive results. Read more for challenges ahead in 2H24 for NFLX stock.
Many Wall Street analysts keep boosting their stock price target as the streaming giant's shares have gained around 40 percent so far this year.
The streaming company has survived an onslaught of well-heeled competition from Disney, Amazon, Apple, and more.