2021-10-19 • Updated
Netflix inc., a subscription-based streaming service that allows its members to watch TV shows and movies without commercials on an internet-connected device, will present an earnings report for the Q3 on October 19 after the stock market closes (23:59 GMT+3). The release will be followed by an investor conference call at 01:00 GMT+3, October 20.
Netflix experienced a huge inflow of new customers due to pandemic restrictions, which made people spend more time in front of their laptops and mobile devices. But the most important is that the company keeps holding onto those gains even though the global economy has entered the recovery phase.
For Q3 2021 Netflix forecasted growth on 3.5 million subscribers and a revenue of $7.48B. However, the global hype around “Squid Game” could help Netflix to overperform predictions. The Korean tv show has the potential to accelerate growth in one of the fastest-growing regions for Netflix, the Asia-Pacific.
Netflix predicts that “Squid game” will create almost $900 million for the company, while the costs were $21.4 million only. Since its release on September 17, the series has been watched by a total of 111 million accounts. The previous leader, the Bridgeton melodrama, had 82 million views.
It’s hard to imagine that analysts and even Netflix itself could predict how successful this TV show will be. That’s why it seems that experts’ revenue predictions will be easily overperformed in Q3.
4H chart
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
As the year winds down and the festive spirit takes hold, the stock market often presents a curious yet anticipated phenomenon known as the Santa Rally. Within this whirlwind of festive trading, let’s look at how two titans of the tech world, Amazon and Apple, might fare during this unique season.
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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