Netflix Reports Results… And China’s Housing Pains 10/17/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 17 October 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Netflix on the move as the streaming giant reports a beat on the top and bottom line. What the quarter says about where that stock is heading, and how it holds up against the competition. Plus Investors unenthused after China’s latest stimulus efforts. The housing headache they’re facing… and why the measures fell short of expectations. Fast Money Disclaimer

Transcript

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0:00.0	Live in the NASDAQ market site in the heart of New York City's Times Square.
0:05.3	This is Fast Money.
0:06.3	Here's what's on tap tonight.
0:07.7	Netflix and Thrill, the streaming giant sing,
0:10.0	shared jump after a top and bottom line earnings beat and it's getting back
0:13.3	within range of a record high. We're dialed into the call we'll bring you all the
0:16.7	details straight ahead and Uber's travel plans. The ride hailing app may be
0:20.8	interested in taking to the skies the latest on a potential deal
0:24.6	with an online booking giant. Plus Taiwan Semi revives the chip trade.
0:28.9	Elevence House loses elevation in China's rally loses steam.
0:33.2	I'm Melissa Lee coming to you a lot from the city of the Nasak on the desk tonight.
0:36.4	Karen Feinerman, Steve Grasso, Dan Nathan and Guy Dami.
0:39.6	The boys there joining us from Miami today.
0:42.3	We start off with Netflix shares jumping
0:44.2	after its Q3 earnings report, streaming giant feeding, top and bottom line estimates.
0:48.0	The earnings webinar is underway.
0:49.8	CNBC's Julia Borsen's got all the details. Hey, Melissa, well Netflix beating expectations across the top line, the bottom line, and also
0:58.1	guidance.
0:59.1	Netflix also adding more than 5 million new subscribers that's half a million more new subs than anticipated. than about the growth of engagement. Ted Serrano is saying there was an average of two hours
1:14.7	per day watch per membership.
1:17.5	And with so much attention on the company's
1:19.5	ad business, Netflix warning that it is still early days saying that ads won't be a primary driver of revenue growth in 2025,
	...

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