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.
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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”.
