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CNBC's "Fast Money"

Netflix Crushes Subscriber Growth Estimates, and Markets Continue Rally 10/18/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 18 October 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Netflix shares on pace for their best gain of the year after adding more than twice as many subscribers as expected in the latest quarter. So what’s next for the stock? Plus markets continue to rally as Monday’s momentum holds on. Can the bounce be believed? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Hey, and right now, all in fast, Netflix popping after crushing expectations, beating the

0:06.4

street on the top line, the bottom line, and unsubscriber ads shares up nearly 15%.

0:12.2

iPhone Overlord?

0:13.2

Well, a new report that Apple may be cutting production for the iPhone 14 plus just two

0:18.8

weeks after it launched.

0:21.0

Shares shrugging it off, we're going to dig in.

0:23.4

And later on, Salesforce jumping on an activist push, Amazon's bringing football to Black

0:29.3

Friday and Tesla investors, getting all jacked up ahead of earnings.

0:33.0

Hello, everybody.

0:34.0

I am Brian.

0:35.0

And once again, for Melissa, thanks for joining us here on Fast Money Live from just beautiful

0:38.7

bucolic time square in New York at the Nasdaq Market site on your desk tonight.

0:43.6

Tim Seymour, Gaia Domingue, who got Dan Nathan out in San Francisco, and Julie Beale.

0:49.5

Julie, welcome.

0:50.5

All right.

0:51.5

We have got a big show for you.

0:52.5

We are going to start right here on that big pop for Netflix shares the streaming company

0:56.6

jumping after earnings.

0:58.3

The companies surpassing expectations on revenue, operating income, subscriber ads.

1:04.7

Let's dig into the quarter a little bit more, Julia Borsten is here to break it all down

1:08.9

by any measure.

1:10.6

It was a big quarter, Julia.

...

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