https://www.cnbc.com/2024/01/23/netflix-nflx-earnings-q4-2023.html https://www.wsj.com/business/media/netflix-wins-wwe-raw-rights-in-livestreaming-push-a0a73542 - Added 13M subs, higher than expected - "posted revenue of $8.83 billion for the quarter, up from $7.85 billion in the year-ago quarter." - "increased its 2024 full-year operating margin forecast to 24%, up from a range of 22% to 23%."
π΄ββ οΈ
Lol are you updating the title of your post in real time
Alright, time to add another cake show. "Is it Roman Reigns or is it Cake?"
Congratulations to Netflix holders
No surprise. Netflix removed a low cost plan and reaffirmed their desire to replicate old school cable TV by pushing more advertising. Wallstreet loves when companies adopt a strategy that prioritizes short term profits at the expense of good products and customer experience.
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Missed expectations, will fall by end of week
Is this a good rule of thumb in your experience? Missing earnings lead stocks into falling back ?