NETFLIX News Forecast And Technical Analysis - Capitalstreet FX
HASTINGS LEAVES HIS ROLE AS CO-CEO AS NETFLIX SURGES FORWARD IN Q4 The last few months have been positive ones for the Netflix share price, having hit 5-year lows back in May last year, the shares have surged over 75% since then, although they are still over 50% below the record highs seen in 2021. Q4 revenues beat expectations, coming in at $7.85bn, as did paid subscriber numbers which blew through forecasts, coming in at 7.66m rising to 230.75m, an increase of 4% year on year, with 3.2m coming from the EMEA region. Having finished the day lower yesterday, last night’s results saw the share price rebound strongly in after-hours trading, with the big test of whether it can sustain that move when US trading reopens later today. With such a big increase in subscriber numbers, it’s perhaps surprising that revenues weren’t higher, which suggests that perhaps there was some cannibalization because of the roll-out of the new ad tier service. READ MORE