Last night, one of the earnings highlight was from Netflix! Netflix shares tumbled the most in two years on Friday as a weak forecast for revenue and a warning that the streaming giant will stop reporting subscriber numbers in 2025 overshadowed an otherwise strong start to the year. The stock dropped 9.1%, to $555.04 at the close, the biggest decline since April 2022. Still, the shares have gained 14% this year. Netflix slumped after the video streaming company's second-quarter revenue view fell short of analysts' expectations while the company also unexpectedly said it would no longer provide subscriber counts. Subscriber additions have long been watched by investors and Wall Street analysts to evaluate how companies are faring in the streaming wars. But after three q
Will Netflix Continue to Dip With Weak Guidance?
Netflix plunged 4% in the extended trading. Revenue of 9.37 billion, up 15% year-on-year , the best in two years. But the company no longer provide guidance on subscription user growth for the next quarter, instead focusing on revenue growth as the main indicator for evaluating the company's overall development. ---------------------------- Will Netflix Continue to Dip With Strong Earnings but Weak Guidance? Will it Dip to $500?
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