Netflix Sees Q1 Revenue $9.24B vs $9.3B Est.
Portfolio Pulse from Benzinga Newsdesk
Netflix reported Q1 revenue of $9.24 billion, slightly below the estimated $9.3 billion.

January 23, 2024 | 9:04 pm
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NEGATIVE IMPACT
Netflix's Q1 revenue of $9.24B missed the expected $9.3B, indicating potential negative short-term impact on stock price.
Revenue figures are a critical indicator of a company's financial performance. Missing revenue estimates, even by a small margin, can lead to negative investor sentiment and a potential decrease in stock price in the short term. Given that the miss is not substantial, the impact may be moderate, but it is still likely to be negative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100