$Netflix(NFLX)$ was the first to report Q3 results after the bell on 18 October.The strength of its results is also indicative of the strength of the US economy, given the growing share of advertising revenue.Current quarter (Q3) results again beat expectations, with all key metrics healthy, free cash flow returning to normal after falling short of expectations in the previous quarter and beating expectations, while modestly raising revenue expectations for the full year 2024 and 2025.The only downside is that the Americas region, where the "shared account crackdown is almost complete", especially in Latin America, did not add as many users as expected.Investment highlightsRevenue grew at a 15% year-on-year rate to $9,825 million, continuing a two
Netflix Beats Again! Still Good Chance to Add at $700?
Netflix released a strong third-quarter earnings report, with revenue and profits exceeding expectations, and a significant increase in operating profit margin. However, user growth in the U.S. and Canadian markets was below expectations. The stock surged 6% in after-hours trading. It hits an all-time-high of $736 last Friday. ------------ Can Netflix break the resistance level? The next price target is $750 or $800?
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