NFLX Stock Recent News

Earnings season has continued to roll along at a rapid pace, with this week's reporting docket notably stacked. We've heard from several market heavyweights, including Meta Platforms META and Netflix NFLX.

By pioneering a new entertainment category, Netflix has experienced rapid growth over the years. Margins are expanding, and free cash flow is surging, something the bears thought wouldn't happen.

This business was struggling in early 2022, but it has come roaring back with impressive financial results. The latest quarterly update bolsters the bull case for the stock.

The world of streaming is rapidly evolving, with more viewers cutting the cord and shifting towards on-demand content. This is why investors are on the hunt for the best streaming stocks to own in 2024.

The shares of Netflix Inc (NASDAQ:NFLX) are down 3.7% at $556.33 this afternoon, extending last week's post-earnings bear gap on the charts.

Here is how Netflix (NFLX) and Paramount Global (PARAA) have performed compared to their sector so far this year.

Netflix's Q1 earnings beat analyst estimates, with strong revenue growth and membership additions. The decision to stop reporting quarterly membership guidance caused a negative market reaction, but the rationale behind it makes sense. The deal with WWE presents a significant growth opportunity for Netflix, particularly in expanding its advertising business and acquiring more subscribers.

Shares of Netflix, Monster Beverage, and Linde have lagged behind the bull market's winners. That's why they have more potential to surge.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

The stock market hasn't had a good start to the second quarter. Major indices like the S&P 500 and the Nasdaq 100 seem determined to give up their year-to-date gains.