Category: Streaming Stocks
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Reed Hastings Is Leaving Netflix
On Friday, shares of streaming giant Netflix (NASDAQ:NFLX) were down more than 8% by 11:00am ET after word got out that chairman and co-founder Reed Hastings is stepping away from the company. For many people, Hastings has been the face and the driving force behind Netflix. He is not running again at the annual meeting Read more
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Netflix Beats Earnings Expectations in Q3 as Advertising Tier Shows Strong Growth
Netflix (NASDAQ:NFLX) released a strong Q3 2024 report on Thursday, exceeding expectations with $9.8 billion in revenue and $5.40 earnings per share. The company’s ad-supported tier saw a 35% increase in memberships, driving more than half of new sign-ups in available markets. Subscriber growth also impressed, adding 5.1 million new users, bringing the total to Read more