The selloff in Netflix shares follows a 60% year-to-date rally, spurred by the roll out its cheaper, ad-supported plan and a crackdown on password sharing.
Netflix executives declined to provide specifics on the ad-supported tier on the company's pre-taped earnings call.
But with uncertainty around how long it will take revenue-driving initiatives to take hold, it's difficult to project Netflix's revenue in the next two years, making the future murky, according to Wall Street analysts.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Netflix Sees Its Frothy Stock Dip As Revenue Trails New Subscribers: What Wall Street Is SayingWall Street reviews of Netflix’ latest earnings ranged from upbeat to more cautiously optimistic, with the latter taking hold today after a major jump in net new subscribers failed to ignite sales …
Baca lebih lajut »
Asia markets set for mixed open as investors digest Wall Street's strong earningsThe Reuters Tankan survey, a measure of buisness confidence in Japan, fell for the first time in six months
Baca lebih lajut »
Here's what Wall Street is looking for in Tesla's 2nd-quarter earnings'Margins, margins, margins': Here's what Wall Street is looking for in Tesla's 2nd-quarter earnings
Baca lebih lajut »
Wall Street eyes best open in 15 months amid earnings optimismU.S. stock futures little changed Wednesday, leaving Wall Street benchmarks on course for their highest open since April 2022 as earnings underpin sentiment.
Baca lebih lajut »
Microsoft's latest A.I. subscription is boosting Wall Street's confidence in the software giantShares closed at a record on Tuesday after Microsoft revealed a $30 fee for its monthly Copilot offering, which adds AI capabilities to Microsoft 365.
Baca lebih lajut »
US Bancorp sees annual net interest income below Wall Street estimates, shares fallUS Bancorp forecast full-year net interest income (NII) below Wall Street estimates, sending the lender's shares down more than 1% in premarket trading on Wednesday.
Baca lebih lajut »