Netflix feels the heat as pandemic boom fizzles
Netflix Inc (NFLX.O) shares lost more than a quarter of their value in premarket trading on Wednesday after the company reported its first drop in subscribers in a decade, leaving Wall Street questioning its growth in the face of fierce competition and post-pandemic viewer fatigue.
Trending now: Netflix’s forecast as competition heats up
Netflix Inc (NFLX.O) is expected to report its slowest quarterly revenue growth in nearly eight years on Tuesday, but the focus will be on its forecast in the run-up to new seasons of popular titles including “Stranger Things” and “Ozark”.
Marketmind: What could possibly go wrong?
Optimism for the third quarter earnings season has provided a timely boost for equity markets, which flirted with correction territory in September.
Netflix’s ‘Squid Game’ estimated to be worth about $900 mln – Bloomberg News
“Squid Game,” Netflix Inc’s (NFLX.O) biggest original series launch, is estimated to be worth almost $900 million for the streaming giant, Bloomberg News reported late on Saturday, citing figures from an internal Netflix document.
Disney bullish on parks despite Delta; investors cheer streaming growth
Walt Disney Co (DIS.N) earnings on Thursday topped Wall Street forecasts for the most recent quarter as its streaming services picked up more customers than expected and pandemic-hit U.S. theme parks returned to profitability.
Wall Street closes mixed, S&P 500 ends off record high
U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.
Facebook’s slowdown warning hangs over strong ad sales, while Zuckerberg talks ‘metaverse’
Facebook Inc (FB.O) said on Wednesday it expects revenue growth to “decelerate significantly,” sending the social media giant’s shares down 3.5% in extended trading even as it reported strong ad sales.
Amazon eyes potential stake in Indian film, media businesses; Inox denies report
Amazon.com Inc’s (AMZN.O) India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd (INOL.NS) for a potential stake, the Indian Express newspaper reported on Tuesday, citing sources.
Netflix growth plan tops Wall St watchlist as lockdown love fades
Netflix Inc’s (NFLX.O) plans to revive its slowing subscriber growth will be in focus when it reports second-quarter results on Tuesday, as lockdown binge-watching subsides and competition from Disney+ and HBO Max ramps up.
Wall Street reverses losing streak on renewed hopes of economic revival
Wall Street rebounded on Tuesday, snapping a multi-day losing streak as a string of upbeat earnings and revived economic optimism fueled a risk-on rally.
