The Breakdown cover image

100% Chance of Recession

The Breakdown

00:00

Netflix's Earnings Beat Is a Reminder of the Great Recession

Shares in Netflix rose as much as 16 percent and after hours trading, a relief to the 60 percent decline the stock has experienced so far this year. Guidance was issued for an additional 4.5 million users to round out the year. The rally in the after hours was also broad-based with streaming competitor Roku rallying 4 percent and Disney Warner Brothers in Paramount moving up more than 2 percent each. Amazon, Apple and Meta all caught the bid rising over 1 percent.

Play episode from 08:57
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app