![]() In 2007, Netflix introduced a streaming service called “Watch Now,” allowing members to watch television shows and movies instantly. The streaming service derives revenues from monthly membership fees for services consisting of streaming content to its members. It also provides DVDs-by-mail membership services. Netflix was one of the first streaming services to start offering original content. Users receive streaming content through several internet-connected devices through the company, including TVs, digital video players, television set-top boxes, and mobile devices. Netflix trades on the Nasdaq exchange under the ticker of NFLX after going public on May 23, 2002. The company was founded on August 29, 1997, in California by Marc Randolph and Reed Hastings. (NASDAQ: NFLX) is an American entertainment streaming company that offers TV series, documentaries, and feature films in various genres and languages. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.Netflix, Inc. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. We may also receive compensation if you click on certain links posted on our site. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. but here's some supporting information and analysis.į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Only you can make the decision on the time to leap. The company saw paid net additions of 8.8 million over the three months ended September 30, 2023. Netflix expects paid net additions for the fourth quarter to be similar to Q3 2023. Netflix forecasts adjusted earnings of $2.15 per share on $8.7 billion in revenue for the fourth quarter of 2023, in line with the $2.15 in earnings on $8.8 billion in revenue Wall Street expects. January 16, 2024: Netflix is expected to release its next earnings report on 23 January and results may be positive, seeing as the streaming company added 8.76 million new subscribers, surpassing its forecasts, largely down to its advertising support plan and cracking down on password sharing in the US. Analyst Justin Patterson from KeyBanc maintained a Buy rating, with a $545 price target. Analyst Jason Bazinet from Citi maintained a Hold rating, with a $500 price target. maintained a Sell rating, with a $425 price target. Analyst Matthew Harrigan from Benchmark Co. January 19, 2024: The latest analyst outlook on Netflix is mixed. January 23, 2024: Analyst Michael Morris from Guggenheim reiterated a Buy rating on Netflix (NFLX), with a $500 price target. January 24, 2024: Netflix's stock price increased slightly after releasing its earnings report, adding over 13 million subscribers and beating revenue expectations. The gift was made to an undisclosed entity and disclosed in a regulatory filing Friday, according to CNBC. January 29, 2024: Netflix co-founder and executive chairman Reed Hastings has gifted two million shares of the streaming giant, with a current value of more than $1.1 billion. All international money transfer servicesįebruary 8, 2024: Analyst Eric Sheridan from Goldman Sachs maintained a Hold rating on Netflix, with a $500 price target.
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