Netflix's victory lap as the leader in streaming continued Thursday, as the company said it increased its subscriber base by 9.3 million to nearly 270 million in the first quarter. Revenue was up 15% to $9.37 billion in the first quarter, the Los Gatos, Calif., streamer reported. Net income was $2.3 billion, compared with $1.3 billion in the same period in 2023. The company beat Wall Street's estimates on revenue, subscriber additions and net income. Analysts on average had projected that...
Netflix will no longer report its quarterly subscriber additions, a sign
Assets held by fund manager State Street are higher than the GDP of Germany. BlackRock, Fidelity, State Street and Vanguard control $26 trillion in assets. Asset managers grew after banks were regulated following the financial crisis
Rep. Raja Krishnamoorthi says Americans are unwittingly investing in Chinese entities that abuse human rights.
Ecommerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived.Amazon shares were up about one percent in after-market trades that followed release of the earnings figures, with Wall Street keeping a close eye on the impact of AI as well as costs involved. It was a good start to the year across the business, Amazon chief executive Andy Jassy said in an earnings release.The Seattle-based company reported $10.4 billion in...
US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.]]>
A crucial week for financial markets as eyes turn to economic events and corporate strategies worldwide.
Independent digital investment advisor Betterment has reached an agreement with Goldman Sachs to acquire the digital investment accounts of Marcus Invest. Subject to customary closing conditions, those accounts will be transferred to Betterment around June 29, the companies said in a Monday (April 22) press release. Customers will have the option to opt out of this transfer. Those who are transferred […]
SMITH: GERMANS LOOK TO BUY THE WALL STREET JOURNAL (Second column, 1st story, link) Drudge Report Feed needs your support! Become a Patron
Netflix is set to report first-quarter earnings after the bell Thursday.
Streaming platform Netflix (NFLX) will report its first-quarter earnings after Thursday's market close. Wall Street analysts will be paying close attention to how Netflix's password-sharing crackdown and its new ad-tier subscription model have influenced subscriber figures. Yahoo Finance Entertainment Reporter Alexandra Canal details what Wall Street is expecting on Netflix subscriber trends. For more expert insight and the latest market action, click here to watch this full episode of Morning...
Amazon (AMZN) is on deck in the Big Tech earnings lineup, following a week