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October 19, 2022
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Netflix Q3 earnings put streaming giant back on track, forecast better 2023

Source: fortune.com fortune.com
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News Snapshot:
Happy Wednesday, y’all. It’s Jacob again, back in the Data Sheet saddle. My wedding season might be (thankfully) over, but earnings season is just beginning. Netflix kicked off the quarter Tuesday evening with a surprisingly strong report, posting solid net subscriber growth (2.4 million, more than double Wall Street projections of 1.1 million) and crushing earnings forecasts ($3.10 per share, about $1 better than expected). The results lured back some investors who had pushed Netflix’s stock down 60% year-to-date ahead of the streamer’s earnings report. Netflix shares jumped 14% in mid-day trading Wednesday. Despite the mini-renaissance, Netflix officials spent relatively...
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