Netflix Inc
Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer’s largest single-quarter jump
Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for the streaming platform since its inception. Max now has 110.5 million subscribers as of Sept. 30. Warner Bros. Discovery’s flagship streaming service has […]
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Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO
Peter Stern, CEO of Peloton Interactive. Courtesy: Peloton Interactive Peloton on Thursday said it has appointed Peter Stern, a Ford executive and the co-founder of Apple Fitness+ to be its next CEO and president. Stern, the president of Ford Integrated Services, primarily oversees the automotive company’s subscription services, such as BlueCruise, Pro Intelligence, connectivity and […]
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This is why David Einhorn thinks Peloton could be worth five times what it is now
David Enhorn pitches Peloton at the Robin Hood Investors Conference. Getty Images (L) | CNBC (R) Greenlight Capital’s David Einhorn thinks Peloton could trade as high as $31.50 a share if the company slashes costs, which could double its current adjusted EBITDA projections, CNBC has learned. That’s about five times the current price of its […]
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CNBC Daily Open: Everyone’s watching Netflix shares
The Netflix Albuquerque Studios film and television production studio lot in Albuquerque, New Mexico. Patrick T. Fallon | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what […]
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How Liberty Media became one of the world’s most valuable sports empires
Charles Leclerc of Monaco driving the (16) Ferrari SF-23 on track during practice ahead of the F1 Grand Prix of Las Vegas at Las Vegas Strip Circuit on November 17, 2023 in Las Vegas, Nevada. Mark Thompson | Getty Images Sport | Getty Images When Liberty Media Chairman John Malone finalized the $4.4 billion acquisition […]
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After a well-received quarter, Cramer explains why he thinks Netflix can ‘rock on higher’
After a siding with the bulls in the run-up to Netflix‘s latest earnings report, CNBC’s Jim Cramer explained why the quarter made him more optimistic about the company’s future, saying he was impressed by management’s outlook and commentary about content. “If you were worried about Netflix not having enough levers to pull in order to […]
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Stocks making the biggest moves midday: Netflix, Apple, CVS Health, Lamb Weston, U.S. Cellular and more
Check out the companies making headlines in midday trading: Netflix — Shares jumped 10% due to the streamer’s third-quarter results beating Wall Street’s expectations. Netflix earned $5.40 per share on revenue of $9.83 billion, above the $5.12 per share and $9.77 billion in revenue that analysts were expecting, according to LSEG. Analysts lauded the results, […]
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‘Joker: Folie a Deux’ is this year’s latest box-office flop. Here’s what else has disappointed
Joaquin Phoenix stars as Arthur Fleck in “Joker: Folie a Deux.” Warner Bros. Warner Bros. took a big swing with “Joker: Folie a Deux.” It’s turned into a big whiff. After the billion-dollar success of “Joker” in 2019 on a shoestring budget of just $55 million, the studio greenlit a sequel, offering director Todd Phillips […]
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Stocks making the biggest moves premarket: American Express, Procter & Gamble, Netflix, CVS Health and more
Check out the companies making headlines before the bell. Procter & Gamble — The stock fell 0.8% after reporting weaker-than-expected revenue. The household goods maker posted $21.74 billion in revenue while analysts polled by LSEG had estimated $21.91 billion. The company attributed the miss to lower demand in China. Adjusted earnings per share of $1.93 […]
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Netflix shares jump 5% in premarket after third-quarter earnings beat
Netflix logo is screened on a mobile phone for illustration photo. Krakow, Poland on October 17th, 2024. Beata Zawrzel | Nurphoto | Getty Images Netflix shares jumped Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations. Shares of Netflix were up 5.4% in U.S. premarket trading as of 4:39 a.m. […]
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