News
NFLX
561.96
+1.86%
10.25
Are Cinema's Finally Bouncing Back? Cinemark's Q1 Profit Paints A Bright Picture
Cinemark Holdings Inc reported a fiscal first-quarter 2024 sales decline of 5.2% year-on-year to $579.20 million. Admissions revenue decreased 6.8% to $289.8 million, and concession revenue declined 4.9%. The company beat the analyst consensus of $560 million.
Benzinga · 1h ago
Grand Theft Auto Parent Shuts Two Iconic Game Studios as Part of Sweeping Layoffs
Take-Two Interactive Software Inc plans to close two subsidiaries, Roll7 and Intercept Games. Roll7, known for Rollerdrome and Kerbal Space Program 2, will be shut down, affecting around 70 jobs. Last month, Take-Two announced a 5% staff reduction as part of mass layoffs.
Benzinga · 3h ago
Third Point - Alphabet: Substantial Distribution And Technology Advantage Over Competitors
Third Point - Alphabet: Substantial Distribution And Technology Advantage Over Competitors. The company has both a substantial distribution and technology advantage over competitors. Third Point believes Google is positioned to use its AI capabilities to unify, enhance, and better monetize its products. Google Search will be increasingly important as a source of truth in the future.
Seeking Alpha · 3h ago
XLC: An Eclectic Growth ETF
The Communication Services Select Sector SPDR® Fund ETF is an eclectic combination of high-tech mega-cap stocks and telecom & cable utilities, streaming, and media content companies. XLC is a surprisingly high growth portfolio (18% EPS growth) at a reasonable valuation at 1.1x PEG. Consensus price targets point to over 20% upside potential to YE24. The XLC has a concentrated portfolio with Meta & Google making up 48% of AUM.
Seeking Alpha · 3h ago
Netflix Initiated at Outperform by CICC
Dow Jones · 4h ago
Netflix Price Target Announced at $650.00/Share by CICC
Dow Jones · 4h ago
CICC Initiates Coverage On Netflix with Outperform Rating, Announces Price Target of $650
Benzinga · 4h ago
Analysts Offer Insights on Communication Services Companies: Netflix (NFLX) and Tencent Holdings Limited (OtherTCTZF)
TipRanks · 7h ago
Peloton Flat on Layoffs, CEO Departure
Peloton CEO Barry McCarthy to step down and the company will lay off 15% of its staff. McCarthy is a former Spotify and Netflix executive. The company also announced a broad restructuring plan that will see its global headcount cut by 15%. Peloton's shares are down 2.6%.
Barchart · 7h ago
Tracking Baillie Gifford's 13F Portfolio - Q1 2024 Update
Baillie Gifford's 13F portfolio value increased from $126B to $129B this quarter. The top three holdings in the portfolio are NVIDIA, MercadoLibre, and Amazon.com. The fund made stake increases in Coupang, Meta Platforms, NU Holdings, and Elastic. They made stake decreases in NVIDIA, Amazon, Spotify, and Tesla.
Seeking Alpha · 14h ago
Indonesia’s Vidio Is Aiming to Double Subscribers Ahead of IPO
Forward News · 19h ago
Netflix Inc. stock outperforms competitors on strong trading day
MarketWatch · 19h ago
Q1 Earnings Seasons Picks & Pans: The 4 Biggest Stock Winners (and 3 Losers)
Investorplace · 20h ago
NBC courting the NBA with a $2.5 billion media deal that could permanently bench TNT
NBCUniversal is reportedly preparing a $2.5 billion bid for the rights to NBA games. The league's current media deal with Discovery is set to end next year. The NBA is in advanced talks with Amazon and Netflix for a package of games. Live sports rights are the last bastions of linear cable ratings.
Forward News · 20h ago
Noteworthy Wednesday Option Activity: JNJ, NFLX, AIG
NASDAQ · 22h ago
Third Point Q1 2024 Investor Letter
Third Point returned 7.8% in the first quarter of 2024. Top five winners for the quarter were Meta Platforms Inc., Vistra Corp., Amazon.com Inc., and Microsoft Corp. The energy transition and growth in data centers will affect industrial, materials and energy companies.
Seeking Alpha · 23h ago
ProShares UltraPro QQQ Experiences Big Inflow
NASDAQ · 1d ago
Why Roku Can't Turn the Corner
Roku has cut expenses and grown revenue, but is still losing money. The company's strategic position is what's keeping it from improving its financial results. In this video, Travis Hoium explains why Roku's losses keep piling up. Watch the video to see Roku's strategic weaknesses.
The Motley Fool · 1d ago
From ‘Bridgerton’ to ‘Hacks’ to ‘Wrexham,’ here’s what’s worth streaming in May 2024
MarketWatch · 1d ago
This Streaming Stock Is in Huge Trouble
Paramount (PARA.A -3.68%) reported earnings this week. Travis Hoium shows why the company is stuck between a rock and a hard place. The company is struggling to build a profitable business. The video shows why Paramount needs to change its business model.
The Motley Fool · 1d ago
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About NFLX
Netflix, Inc. is a provider of entertainment services. The Company acquires, licenses and produces content, including original programming. The Company provides paid memberships in approximately 190 countries offering television (TV) series, films and games across a wide variety of genres and languages. Its members can play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time. The Company offers members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, TV set-top boxes and mobile devices. The Company also has agreements with various cable, satellite and telecommunications operators to make its service available through TV set-top boxes. The Company's paid plans range from the United States dollar equivalent of $1 to $28 per month, and pricing on its extra member sub accounts range from the United States dollar equivalent of $2 to $8 per month.