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Express News | Netflix Co CEO Peters Says Generative AI Has 'tremendous Potential' to Improve Recommendations
Netflix's Q2 new user additions doubled expectations, but next quarter's revenue guidance is not good. After a post-market drop of nearly 7%, the stock rebounded. | Financial report news
Although the net increase in Netflix users in the second quarter of 8.05 million exceeded expectations, it has shown a gradual downward trend for several consecutive quarters, and both the guidance for third-quarter revenue and the outlook for full-year free cash flow are below market expectations, causing a sharp drop in stock prices after hours. However, the overall bullish situation in the second quarter report, the company said that there is significant growth potential in the India market, and raised the lower limit of the range of full-year revenue growth rate, and Wall Street maintains high expectations.
DBS Maintains Netflix(NFLX.US) With Buy Rating, Raises Target Price to $790
DBS analyst Sachin Mittal maintains $Netflix(NFLX.US)$ with a buy rating, and adjusts the target price from $740 to $790.According to TipRanks data, the analyst has a success rate of 77.3% and a
Netflix in Charts: Global Paid Memberships Inch Higher, While Paid Net Additions Edge Lower in Q2
Express News | Netflix CFO Says Ads Will Become a "Meaningful Contributor" to Revenue by 2026
With Corners of the Media Industry in Upheaval, Netflix Makes Clear It's Staying Out of the Fray
Netflix added more than 8 million subscribers in the second quarter and now has more than 277 million global customers. The company emphasized it's content to take market share from the traditional world of TV that's not YouTube. Netflix's focus on the status quo comes while smaller competitors Paramount Global and Warner Bros. Discovery grapple with major change.