Beating expectations is value one thing once more
I don’t know if anybody’s actually seen, however Netflix had a reasonably nice third quarter, thanks very a lot. The streaming platform added 2.41 million subscribers when it solely anticipated 1 million. It additionally beat analysts’ monetary expectations, with $7.93 billion in income somewhat than $7.85 billion.
A lot has been written about Netflix’s good outcomes, how a lot it has to do with its content material technique, and the way it compares to rivals like Disney+. However for this column, we’re extra enthusiastic about how the markets reacted: with a digital clap.
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Not priced-in
You probably have been following quarterly earnings from public tech corporations like The Trade has, chances are you’ll keep in mind that not so way back, excellent progress was met with little greater than a shrug. Why? As a result of in market parlance, it was already “priced-in.”
