Netflix, Q2
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Netflix made a major splash at Anime Expo over the weekend, dropping new trailers, clips and images from its anime lineup including “Sakamoto Days,” “My Melody & Kuromi,” and “Cyberpunk: Edgerunners 2.
Wall Street analysts chime in on the latest financial results from the global streaming giant, management commentary, and the returns of 'Wednesday' and 'Stranger Things.'
For the just-ended quarter, net income came in at $3.1 billion, edging forecasts of $3.06 billion. Revenue totaled $11.08 billion, above the $11.07 billion analyst projection.
Netflix posted strong second-quarter earnings today (July 17), with revenue jumping 16 percent year-over-year to $11 billion and profit surging 45 percent to $3.1 billion. The streaming giant credited the surge to recent subscription price hikes, a booming ad business and a global lineup of hit content.
Many Wall Street analysts keep boosting their stock price target as the streaming giant's shares have gained around 40 percent so far this year.
The company has revised its full-year revenue forecast upward to as high as $45.2 billion, citing a strong dollar, robust engagement, and traction with its ad-supported tier
“We believe we can and will be choosy. We’ve got a great business. We’re predominantly focused on growing that organically, investing aggressively and responsibly into that growth, and returning excess cash to shareholders through share purchases. And I think you’ll see us continue on that path.”
Netflix Inc (NASDAQ:NFLX) is one of the 10 Buzzing Stocks to Watch as AI Trade Makes a Comeback. MNTN CEO Mark Douglas recently talked about Netflix during a program on CNBC. He believes Netflix has an edge over its competitors.
In Netflix’s new measure, its global hit “Bridgerton” generated 625 million hours of viewing across the platform in its first month on Netflix, a run that began Dec. 25, 2020.
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Screen Rant on MSNSubs or Dubs? Netflix Settles Anime's Longest-Running Debate With a Shocking ReportRecently, significant changes have been occurring. As anime becomes more mainstream, the sub vs. dub discussion is also evolving in ways that some longtime fans might not have anticipated. A new Netflix report offers insights into viewing habits that point to a future of greater flexibility and inclusivity in the anime industry.