Netflix (NASDAQ: NFLX) stock has notched a nice little rally in the wake of the company's second-quarter 2022 earnings. Share prices rallied some 25% in the days following the quarterly report. Global subscriber losses and resulting revenue didn't fall as much as expected, and sh
Netflix (NASDAQ: NFLX) announced its loss of 970,000 subscribers in the second quarter of 2022 after projecting a loss of 2 million. The company's hit content was a leading factor in the improvement, but its third quarter might not be so lucky -- here's why.
What happened
Fiverr International (NYSE: FVRR) shareholders beat the market this week as shares jumped 18% through 3 p.m. ET on Thursday. That's compared to a 2.1% rise in the wider market, according to data provided by S&P Global Market Intelligence.
Major U.S. indexes dipped on Friday as shares in social media and ad tech firms decline following weak earnings from Twitter and Snap, offsetting gains from card issuer American Express following an upbeat forecast.
What happened
Shareholders of iRobot (NASDAQ: IRBT) trounced the market this week as shares jumped 17% through 2:30 p.m. ET on Thursday. That's as compared to a 2.2% increase in the wider market, according to data provided by S&P Global Market Intelligence.
This week was marked by a somewhat shaky but nevertheless encouraging rally by the broader market, as upbeat earnings gave sentiment a boost. Coming off last week's impressive surge, the market pulled back by the end of the day on Monday as recession fears crept back in. The fol
U.S. stock indexes fell on Friday after dismal quarterly revenue from Twitter and Snap triggered declines in social media and ad tech firms, countering gains in American Express following an upbeat forecast.
Some of the losses seen by insiders who purchased US$20m worth of Netflix, Inc. (NASDAQ:NFLX) shares over the past year were recovered after the stock increased by 28% over the past week. However, the purchase is proving to be a costly gamble, since losses made by insiders have
Streaming services are in trouble. Because most launched around the time of the pandemic, the subscriber growth they achieved skewed expectations. With life returning to normal for most, the need or even the desire to sit around and just watch videos has been greatly diminished.
After logging its worst first-half performance in decades on Russia’s invasion of Ukraine, tightening monetary policy and surging prices, the U.S. stock market was off to a strong start in July. A strong jobs report, a better-than-expected Q2 earnings picture and a drop i
The S&P 500 and the Nasdaq fell on Friday as social media and ad tech firms led declines after dismal quarterly revenue from Twitter and Snap, while an upbeat forecast from American Express kept the Dow afloat.
What happened
Shopify (NYSE: SHOP) investors trounced a rising market this week. The e-commerce stock jumped 29% through Thursday's trading, according to data provided by S&P Global Market Intelligence, compared to a 3.5% surge in the S&P 500.
The merger in April of WarnerMedia and Discovery to form Warner Bros. Discovery (NASDAQ: WBD) led to a restructuring of HBO, where some executives left. But Warner CEO David Zaslav has officially extended HBO President Casey Bloys' contract by five years. Here's why that's positi
Hulu's lack of presence abroad has meant that Disney+ looks significantly different outside the U.S. Disney (NYSE: DIS) offers a considerable amount of Hulu content on Disney+ in other countries, providing more value to international subscribers.
The S&P 500 and the Nasdaq headed for a lower open on Friday as social media and ad tech firms led declines after dismal quarterly revenues from Twitter and Snap, while an upbeat forecast from American Express looked set to boost the Dow.
What happened
Shares of Netflix (NASDAQ: NFLX) outperformed a rising market this week. The stock jumped 18% through Thursday trading, according to data provided by S&P Global Market Intelligence, compared to a 3.5% surge in the S&P 500. Shares remain in deeply negative te
After revealing a subscriber loss of 970,000 in its recently completed Q2, Netflix (NASDAQ: NFLX) has now shed 1.2 million over the previous two quarters. Still, the loss was smaller than expected and got investors enthused about the streaming giant, sending its shares 6% higher
Netflix's (NASDAQ: NFLX) stock has tumbled more than 60% this year amid pressing concerns about its slowing growth, ongoing loss of subscribers, and intensifying competition in the streaming video market. Its plans to chase down shared passwords and launch a cheaper ad-supported
S&P 500 and Nasdaq futures fell on Friday, with social media firms and companies that sell online ads leading declines after Snap Inc missed quarterly revenue targets.