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Netflix Earnings Review: Still Winning the Streaming Wars?
NFLXNetflix(NFLX) ZACKS·2024-10-19 03:55

Netflix ((NFLX) stock is making new record highs today on the back of a strong quarterly earnings report. Earnings per share of $5.40 beat estimates of $5.12 and revenue of $9.83 billion beat estimates of $9.77 billion. Most notably, Netflix added 5.07 million subscribers last quarter, well above the forecast of 4 million.When it comes to streaming services, Netflix and Amazon’s ((AMZN) Prime Video are neck and neck for the top spot, each commanding a 22% share of the market. However, the business models ha ...