Netflix used to burn through cash. Now it's minting money.iStock; Rebecca Zisser/BINetflix's stock soared over 11% to close at a record high of $763.89 on Friday. The surge comes after the streaming giant reported another strong quarter and issued positive guidance.Quarterly revenue was slightly above estimates while its ad-supported tier saw strong subscriber growth.Investors poured into Netflix shares on Friday, sending the stock to record highs after the streaming giant's solid third-quarter earnings report.
Similar Stories to Netflix Closes At All-time Highs After Reporting Solid Earnings Beat And Strong Guidance on Bing News
kcloonan@insider.com (Kelly Cloonan), Business Insider
Fri, 10/18/2024 - 1:52pm
Topics: they rebecca zisser/binetflix america benjamin swinburne cnbc business insider netflix morgan stanley swinburne highs solid strong guidance earnings beat revenue billion stock growth analysts streaming price friday surge giant drivers gave expectations year cash subscriber quarter estimate upped tier estimates positive record reported citing slightly ad-supported position wars flow latest free view live target media gaming
BING NEWS:
- Over 60% of companies that reported earnings this week beat EPS and revenue estimates
Wall Street’s bull run continued this week, with both the Dow and the S&P 500 touching fresh record highs. The Dow closed at a record high, on Thursday, while t ...
10/19/2024 - 2:30 am | View Link - Netflix closes at all-time highs after reporting solid earnings beat and strong guidance
Investors piled into Netflix shares on Friday, sending the stock to fresh records after the streaming giant's strong earnings report.
10/18/2024 - 10:01 am | View Link - Netflix Adds 5 Million Paid Subscribers in Q3 to Reach 282 Million Globally
Wall Street forecast earnings per share of $5.12 on $9.77 billion ... advertisers in all of our ads countries in 2025, creating a strong base from which we can further increase our ad membership ...
10/17/2024 - 10:02 am | View Link - 1 Stock to Buy, 1 Stock to Sell This Week: Netflix, Walgreens
Retail sales, Fed speakers, Q3 earnings will be in focus this week. Netflix is a buy with upbeat profit and subscriber growth expected. Walgreens Boots Alliance is a sell with disappointing earnings, ...
10/13/2024 - 2:55 am | View Link - More
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