Dominik Kirsch
Czech Republic
What's new on the stock market today. Shares of Netflix rose 5% after the market closed on Thursday as the company beat expectations for third-quarter earnings and revenue, plus presented an upbeat outlook for the upcoming quarter. Revenue of $9.83 billion beat analysts' estimates and rose 15% year-over-year. This growth was boosted by measures such as limiting password sharing, introducing a cheaper version with ads and raising the price of some subscriptions. Diluted earnings per share (EPS) in the quarter also beat estimates, with the company reporting earnings per share of $5.40, above consensus expectations of $5.16 and well above the $3.73 EPS reported in the prior year. In addition, Netflix expects to report fourth-quarter revenue of $10.13 billion, again beating market expectations. The outlook for 2025 is also positive, with the company estimating revenue between $43 billion and $44 billion, which would represent growth of 11% to 13% from this year. $SPX500 $DJ30 $NSDQ100 $NFLX (Netflix, Inc.)
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