9/6/2023 0 Comments Skype stock market symbol![]() ![]() We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. We will see if those gains hold for the rest of the week. ![]() The stock traded up to around $270 after hours. Additionally, I wonder how much the new ad model will cannibalize their paid user base. Essentially, this move indicates that this is no longer a subscriber growth story, and they are trying to refocus investor attention away from that part of the business. ![]() Remember how well that didn’t go for Apple (NASDAQ: AAPL) when they stopped giving iPhone breakdowns? It took a while for that model to be accepted I don’t think it will be different for Netflix. The company also noted it would not provide paid membership guidance after the fourth quarter because they are trying to shift investors’ focus. The fourth quarter guidance wasn’t good, with earnings guidance coming in below estimates, revenue guidance missing, and subscriber growth outlook a bit better. Yes, results for the third quarter were better, but that was a meager hurdle to beat. Netflix (NASDAQ: NFLX) reported results yesterday. ![]()
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