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Shares of streaming video giant Netflix (NASDAQ: NFLX) jumped 7.9% in the afternoon session after the company reported fourth quarter results that exceeded Wall Street's revenue expectations with strong user growth. The 13.1 million net adds from last quarter were well above expectations of 8.8 million. ARPU also outperformed slightly in every geography except Asia-Pacific, driving the revenue beat.
Analysts size up the WWE deal signed by Netflix and what fourth quarter results mean going forward.
In this article, we will take a look at the 10 stocks receiving a massive vote of approval from Wall Street analysts. If you want to see some more stocks on the list, go directly to 5 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts. Asian stocks faced a downturn on January 8, […]
Aside from Netflix, only Warner Bros. Discovery, via aggressive cost-cutting, has shown the ability to hit a profit in its direct-to-consumer division.
Media companies could end up embracing more bundles as they seek to reverse streaming losses.