Beating expectations is worth it again
I do not know if someone is really paying attention, but Netflix had a pretty great third quarter, thank you very much. Streaming platform has been added 2.41 million subscribers when it only expects 1 million. It also beat analysts’ financial expectations, with revenue of $7.93 billion instead of $7.85 billion.
Much was written about Netflix’s good results, how it affects its content strategy, and how it compares to rivals like Disney+. But for this column we are more interested in how the market reacts: with virtual clap.
The exchange explores startups, markets and money.
No more prices
If you’ve been tracking quarterly earnings from public tech companies like The Exchange, you may remember that not too long ago, tremendous growth was met without a hitch. Why? Because, in the words of the market, it is already “priced”.