Watching Netflix; Traders Circulate Research Firm Note Saying 'Net Adds In The U.S. And Western Europe Remain Ahead Of Seasonal Norms In Q4 And Early Q1'
Portfolio Pulse from Benzinga Newsdesk
Traders are circulating a research firm note indicating that Netflix's net additions in the U.S. and Western Europe are exceeding seasonal norms in Q4 and early Q1, suggesting strong subscriber growth in these regions.
January 17, 2024 | 2:47 pm
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Netflix is experiencing higher than normal subscriber growth in the U.S. and Western Europe during Q4 and early Q1, which could indicate a positive outlook for the company's upcoming earnings and revenue reports.
The research note suggests that Netflix is performing better than expected in terms of subscriber growth, which is a key metric for the company's success. This could lead to increased optimism among investors regarding Netflix's future earnings reports, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100