{"id":76911,"date":"2024-10-19T10:00:10","date_gmt":"2024-10-19T10:00:10","guid":{"rendered":"http:\/\/guid_108049557"},"modified":"2024-10-19T10:00:10","modified_gmt":"2024-10-19T10:00:10","slug":"netflix-rose-11-after-third-quarter-earnings-beat","status":"publish","type":"post","link":"https:\/\/wp.timesamerica.net\/netflix-rose-11-after-third-quarter-earnings-beat\/","title":{"rendered":"Netflix rose 11% after third-quarter earnings beat"},"content":{"rendered":"<p> <span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"RelatedQuotes-relatedQuotes\" id=\"RegularArticle-RelatedQuotes\">\n<div class=\"RelatedQuotes-quotesContainer\">\n<div class=\"RelatedQuotes-titleAndTime undefined\">\n<p class=\"RelatedQuotes-text\">In this article<\/p>\n<\/div>\n<ul class=\"RelatedQuotes-list\">\n<li class=\"QuoteItem-item\" aria-label=\"Quote for null\"><span class=\"waslinkname\"><span class=\"QuoteItem-symbol\">NFLX<\/span><\/span><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"RegularArticle-WatchlistDropdown\" data-analytics-id=\"RegularArticle-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/li>\n<\/ul>\n<\/div>\n<div class=\"RelatedQuotes-cfaButtonContainer\"><button id=\"ArticlePageTickerCreateAccountButton\" class=\"CreateFreeAccountButton-buttonContainer\"><span class=\"CreateFreeAccountButton-buttonText\"><span>Follow your favorite stocks<\/span><span class=\"CreateFreeAccountButton-buttonTextBold\">CREATE FREE ACCOUNT<\/span><\/span><\/button><\/div>\n<\/div>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-106619445\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:55.55555555555556%\">\n<div style=\"height:100%\" class=\"lazyload-placeholder\"><\/div>\n<\/div>\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">Netflix co-founder Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Jacopo Raule | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><span class=\"waslinkname\">Netflix<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> shares closed up 11% on Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations.<\/p>\n<p>The company <span class=\"waslinkname\">on Thursday reported<\/span> earnings per share of $5.40 for the three-month period ended Sept. 30, surpassing the $5.12 LSEG consensus estimate. Revenue also beat expectations, coming in at $9.83 billion, above the $9.77 billion anticipated by analysts.<\/p>\n<div style=\"height:100%\" class=\"lazyload-placeholder\"><\/div>\n<p>Crucially, Netflix saw momentum in its ad-supported membership tier, which jumped 35% quarter over quarter. While Netflix doesn&#8217;t expect ads to become its primary growth drive until 2026, it said the ad-tier accounted for over 50% of sign-ups in the third-quarter in countries where it&#8217;s available.<\/p>\n<p>Netflix also gave an upbeat outlook for the December quarter, saying it expects fourth-quarter revenue to rise 14.7% to $10.13 billion. It&#8217;s forecasting revenue of $43 billion to $44 billion for 2025, which would mean growth of 11% to 13% from its expected 2024 revenue of $38.9 billion.<\/p>\n<p>Analysts at Citi said in a note following Netflix&#8217;s earnings report that the firm&#8217;s fourth-quarter outlook &#8220;exceeded the Street&#8221; while its 2025 forecast &#8220;was relatively in line with consensus estimates.&#8221;<\/p>\n<\/div>\n<div style=\"height:400px\" class=\"lazyload-placeholder\"><\/div>\n<div class=\"group\">\n<p>Richard Broughton, executive director of Ampere Analysis, told CNBC&#8217;s &#8220;<span class=\"waslinkname\">Squawk Box Europe<\/span>&#8221; on Friday that Netflix has benefited from continued investments in content, despite a grim environment for the broader media landscape.<\/p>\n<p>&#8220;It&#8217;s a good indicator that some of the growth that dropped out of the market in 2022 is returning. If you think about the last 24 months, we&#8217;ve had cutbacks in content expenditure, hiring freezes, redundancies in some of the major studios and streamers. And all through this, Netflix has tried to keep investing in content. That sets it up extremely well over the next couple of years,&#8221; Broughton said.<\/p>\n<div style=\"height:100%\" class=\"lazyload-placeholder\"><\/div>\n<p>&#8220;If we think about scripted TV, dramas, romance and science fiction, Netflix is going to be responsible for not far off 1 in 10 global series next year. It&#8217;s in a very, very different position compared to some of its competitors just in terms of scale,&#8221; he added.<\/p>\n<p><em>Correction: Netflix expects fourth-quarter revenue to rise 14.7% to $10.13 billion. An earlier version misstated a figure.<\/em><\/p>\n<\/div>\n<div data-test=\"WildCardEmbed\">\n<div class=\"WildcardEmbed-wrapper\">\n<style> div { box-sizing: border-box; } .noselect { -webkit-touch-callout: none; \/* iOS Safari *\/ -webkit-user-select: none; \/* Safari *\/ -khtml-user-select: none; \/* Konqueror HTML *\/ -moz-user-select: none; \/* Old versions of Firefox *\/ -ms-user-select: none; \/* Internet Explorer\/Edge *\/ user-select: none; \/* Non-prefixed version, currently supported by Chrome, Edge, Opera and Firefox *\/ } .DO-widget-wrapper { width: 100%; max-width: 620px; background-color: #fff; } .DO-logo-row { margin-bottom: 10px; } .DO-body { border-top: 2px #289dcf solid; border-bottom: 2px #289dcf solid; padding: 12px 0 12px 0; margin-bottom: 20px; } .DO-bodycopy .DO-button { font-family: Proxima Nova,Helvetica,Arial,sans-serif; } .DO-bodycopy {color: #424858; font-size: 18px; line-height: 31px; margin-bottom: 12px;} .DO-button { color: #fff; font-size: 16px; font-weight: 600; width: 120px; height: 30px; background-color: #0071bc; border-radius: 6px; text-transform: uppercase; padding: 4px; text-align: center; cursor: pointer; margin-bottom: 4px; text-decoration: none !important; } .DO-button:hover { background-color: #0a94e0; text-decoration: none !important; } @media <\/style>\n<div class=\"DO-widget-wrapper\">\n<div class=\"DO-logo-row\"> <img decoding=\"async\" src=\"https:\/\/wp.timesamerica.net\/wp-content\/uploads\/2024\/10\/netflix-rose-11-after-third-quarter-earnings-beat.png\" width=\"248\" height=\"auto\" alt=\"Beyond the Valley\"> <\/div>\n<div class=\"DO-body\">\n<div class=\"DO-bodycopy\"> Get a weekly round up of the top tech stories from around the world in your inbox every Friday. <\/div>\n<p> <span class=\"waslinkname\"><\/p>\n<div class=\"DO-button noselect\">Subscribe<\/div>\n<p><\/span> <\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<div id=\"ArticleBody-MobileAdhesion\" class=\"MobileAdhesion-container\" data-module=\"mps-slot\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Netflix co-founder Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy. Jacopo Raule | Getty Images Netflix shares closed up 11% on Friday after the media streaming giant reported third-quarter earnings and revenue &hellip;<\/p>\n","protected":false},"author":1,"featured_media":76912,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-76911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bussiness","has-thumb","has-featured"],"_links":{"self":[{"href":"https:\/\/wp.timesamerica.net\/wp-json\/wp\/v2\/posts\/76911"}],"collection":[{"href":"https:\/\/wp.timesamerica.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.timesamerica.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.timesamerica.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.timesamerica.net\/wp-json\/wp\/v2\/comments?post=76911"}],"version-history":[{"count":0,"href":"https:\/\/wp.timesamerica.net\/wp-json\/wp\/v2\/posts\/76911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp.timesamerica.net\/wp-json\/wp\/v2\/media\/76912"}],"wp:attachment":[{"href":"https:\/\/wp.timesamerica.net\/wp-json\/wp\/v2\/media?parent=76911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.timesamerica.net\/wp-json\/wp\/v2\/categories?post=76911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.timesamerica.net\/wp-json\/wp\/v2\/tags?post=76911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}