Beating expectations is price one thing once more
I don’t know if anybody’s actually observed, however Netflix had a fairly nice third quarter, thanks very a lot. The streaming platform added 2.41 million subscribers when it solely anticipated 1 million. It additionally beat analysts’ monetary expectations, with $7.93 billion in income slightly than $7.85 billion.
Loads has been written about Netflix’s good outcomes, how a lot it has to do with its content material technique, and the way it compares to rivals like Disney+. However for this column, we’re extra concerned with how the markets reacted: with a digital clap.
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In case you have been following quarterly earnings from public tech firms like The Change has, chances are you’ll keep in mind that not so way back, excellent development was met with little greater than a shrug. Why? As a result of in market parlance, it was already “priced-in.”