Tag: Netflix stock

Netflix shares advanced during after-hours trading on Thursday while Nordstrom and Bed Bath and Beyond fell. Netflix's rise came after the release of its fourth-quarter financial results. While the streaming platform's revenue was $7.85 billion—falling short of $7.86 billion—its addition of 7.66 million subscribers far...

Netflix co-CEO and co-founder Reed Hastings announced on Thursday his decision to step down from his role in the company. As a result, COO Greg Peters will step into Hastings' role, where he will work together with co-CEO Ted Sarandos. Hastings will now serve...

Investors are anticipating news of Netflix's subscriber numbers and the performance of its recently debuted ad-supported tier when the streaming giant releases its fourth quarter financial results once trading commences on Thursday. While subscriber numbers declined during the first three quarters of 2022, investors expect...

We finally learned more about Netflix’s highly-anticipated ad-supported subscription plan. The streaming service giant revealed several details about the tier, including the launch date and price. The ad-supported plan will officially roll out in Canada and Mexico on November 1st before making its way to...

Wall Street analysts have expressed confidence in Netflix's ability to recover from its stock market slump thanks to the streaming service's upcoming ad-supported tier. Citigroup bank raised its price target for Netflix shares from $275 to $305 with Citigroup analyst Jason Bazinet estimating a...

Netflix had few good days on the stock market in recent months, but it looks like things have started to trend in the positive direction for the shares of the streaming service giant. Netflix stock (NFLX) surged 8% in extended trading on Tuesday after...