Closing Bell Overtime: Netflix Earnings From Every Angle; Ben Silverman On Streaming Landscape 10/17/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 17 October 2024
⏱️ 43 minutes
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| 0:00.0 | That's the end of regulation. Bell Ring brands ringing the closing bell at the New York |
| 0:05.6 | Stock Exchange, the Knowledge House doing the honors at the NASDAQ. |
| 0:08.6 | Well, the Dow just setting another record close as solid economic data and bullish bets on chips. |
| 0:14.0 | Lift sentiment. It looks like the S&P is going to close unchanged here and the |
| 0:18.4 | NASDAQ well off the best levels of the day as well. That's a scorecard on Wall Street. |
| 0:23.2 | But the action's just getting started. Welcome to Closingville over time. I'm Morgan Brennan |
| 0:26.7 | with John Ford. Well, it is Netflix time. Earnings from the mother of all |
| 0:31.2 | streamers. Just crossing. We're going through them now. |
| 0:34.0 | We've got a great lineup of experts ready to break down those numbers and the |
| 0:38.4 | read through for the rest of tech. And the Netflix results just cross so |
| 0:41.9 | we're gonna bring you those in just a moment |
| 0:43.9 | here let's bring in our market panel in the meantime Barbara Duran of B8 |
| 0:47.5 | capital partners she's a shareholder of Netflix and evercore i-si analyst mark mahaney who has a |
| 0:52.4 | buy rating on the stock. |
| 0:54.8 | So Barb, I'm going to start with you, but keep in mind we're probably going to interrupt here |
| 0:59.2 | in just a second once we get these preliminary results ready for TV. |
| 1:05.0 | You are shareholder, stocks run something like, |
| 1:08.0 | and never mind. |
| 1:09.0 | Julia Borsen has those results for us, Julia. |
| 1:12.0 | That's right, we have the top and bottom line results here on |
| 1:14.5 | Netflix beating on both the top and bottom with adjusted earnings per share of |
| 1:19.2 | five dollars and 40 cents that's versus expectations of $5.12, |
... |
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