Netflix Says Updating FY23 Operating Margin Guidance Forecast To 20%, The High End Of Prior 18% To 20% Forecast
Portfolio Pulse from Benzinga Newsdesk
Netflix has updated its FY23 operating margin guidance forecast to 20%, which is the high end of its prior 18% to 20% forecast.
October 18, 2023 | 8:12 pm
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Netflix's updated FY23 operating margin guidance to 20% could potentially boost investor confidence and positively impact the company's stock price.
The updated guidance indicates that Netflix expects to achieve higher profitability in FY23. This could be seen as a positive signal by investors, potentially leading to an increase in demand for the company's stock and a rise in its price.
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