After a lackluster performance in Q2, #Netflix beats #WallStreet expectations with growing profits and subscribers, boosted also by the resounding success of the Korean series #SquidGames.
However, the stock wavered in after-hours trading after closing Tuesday's regular session up 0.2% to $639.22. Over the past 12 months, the company's #stock has gained 20.44% for a capitalization of over $282 billion.
The #streaming giant reported $7.5 billion in revenue, in line with Refinitiv estimates and up 16% from the same quarter in 2020 and profit jumped 83.4% to $1.45 billion ($3. 19 per share). Netflix also reached 4.4 million new subscribers in the quarter, beating analysts' estimates of 3.84 million. The company currently has 222 million users: Asia-Pacific led subscribers’ growth.
After production delays in Q1 and Q2 due to the #pandemic, Netflix is preparing for a "hot" quarter with the release of highly anticipated titles such as "#RedNotice", the second season of the fantasy drama "The Witcher" and the conclusion of “The House of Paper”.
Netflix estimates 8.5 million new subscribers by the end of the year and sales of around $ 7.7 billion with profits of $365 million.
However, the stock wavered in after-hours trading after closing Tuesday's regular session up 0.2% to $639.22. Over the past 12 months, the company's #stock has gained 20.44% for a capitalization of over $282 billion.
The #streaming giant reported $7.5 billion in revenue, in line with Refinitiv estimates and up 16% from the same quarter in 2020 and profit jumped 83.4% to $1.45 billion ($3. 19 per share). Netflix also reached 4.4 million new subscribers in the quarter, beating analysts' estimates of 3.84 million. The company currently has 222 million users: Asia-Pacific led subscribers’ growth.
After production delays in Q1 and Q2 due to the #pandemic, Netflix is preparing for a "hot" quarter with the release of highly anticipated titles such as "#RedNotice", the second season of the fantasy drama "The Witcher" and the conclusion of “The House of Paper”.
Netflix estimates 8.5 million new subscribers by the end of the year and sales of around $ 7.7 billion with profits of $365 million.
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Grey characters are the ones whose morals lie between black and white, their intentions never wholly good or bad. They can be the protagonist or the antoginist, but more than anything, they are interesting additions to the story. Their confidence makes them never see the error in their ways, which can lead them to do dark things. Let us know which other characters who think are morally grey!
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#4700bc #popcorn #4700bcpopcorn #squidgames #peakyblinders #fightclub #handmaidstale #thomasshelby #shahidkapoor #gameofthrones #arjunreddy
Grey characters are the ones whose morals lie between black and white, their intentions never wholly good or bad. They can be the protagonist or the antoginist, but more than anything, they are interesting additions to the story. Their confidence makes them never see the error in their ways, which can lead them to do dark things. Let us know which other characters who think are morally grey!
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#4700bc #popcorn #4700bcpopcorn #squidgames #peakyblinders #fightclub #handmaidstale #thomasshelby #shahidkapoor #gameofthrones #arjunreddy