ONLINE FOREX BROKER
2021-10-19 • Updated
Netflix inc., a subscription-based streaming service that allows its members to watch TV shows and movies without commercials on an internet-connected device, will present an earnings report for the Q3 on October 19 after the stock market closes (23:59 GMT+3). The release will be followed by an investor conference call at 01:00 GMT+3, October 20.
Netflix experienced a huge inflow of new customers due to pandemic restrictions, which made people spend more time in front of their laptops and mobile devices. But the most important is that the company keeps holding onto those gains even though the global economy has entered the recovery phase.
For Q3 2021 Netflix forecasted growth on 3.5 million subscribers and a revenue of $7.48B. However, the global hype around “Squid Game” could help Netflix to overperform predictions. The Korean tv show has the potential to accelerate growth in one of the fastest-growing regions for Netflix, the Asia-Pacific.
Netflix predicts that “Squid game” will create almost $900 million for the company, while the costs were $21.4 million only. Since its release on September 17, the series has been watched by a total of 111 million accounts. The previous leader, the Bridgeton melodrama, had 82 million views.
It’s hard to imagine that analysts and even Netflix itself could predict how successful this TV show will be. That’s why it seems that experts’ revenue predictions will be easily overperformed in Q3.
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In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
The Q4 earnings season has been interesting, mainly because of the turbulent global economic outlook. On this premise, analysts forecast a disappointing performance for several stocks ahead of the Q4 earnings report publishing.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
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