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- Netflix with strongest Q4 ever
Netflix with strongest Q4 ever
Market Overview
Read time 1.4 minutes
Year To Date Performances:
Dow Jones | 37,874.63 | 0.42% |
S&P 500 | 4,852.87 | |
Dow Jones | 37,806.39 | 0.24% |
S&P 500 | 4,868.55 | 2.65% |
Nasdaq | 15,481.92 | 4.85% |
Russell 2000 | 1,961.87 | -2.53% |
TSX | 21,025.78 | 0.74% |
Bitcoin | $40,098.20 | -5.18% |
Ethereum | $2,228.90 | -2.29% |
US to Canadian Dollar | $1.35 | 2.13% |
Netflix reported a strong performance in the final quarter, with a significant subscriber growth of 13.1 million, up from 7.7 million the previous year. This surge is attributed to the company's efforts to curb password sharing. Their year-end subscriber count reached 260.28 million, marking a 13% increase year-over-year. The fourth quarter's revenue was $8.8 billion, a 12.5% rise from the prior year, though net profit slightly missed projections. The introduction of a new ad-supported tier in the U.S. has begun to gain traction, contributing to new subscriptions. Despite recent price increases in some plans, Netflix continues to lead the streaming market, even as it begins to license content from competitors like Warner Bros. Discovery and Disney.
Hewlett Packard Enterprise (HPE) disclosed a cybersecurity breach in a regulatory filing, stating that the Russian state-sponsored hacking group known as Midnight Blizzard or Cozy Bear compromised its cloud-based email system. The breach, first noticed in December 2023, involved unauthorized access and data exfiltration from a small portion of HPE's mailboxes since May 2023. The attack affected mailboxes of individuals in cybersecurity, go-to-market, business segments, and other functions. HPE is investigating the incident, which it believes is linked to another breach in June 2023, and is cooperating with law enforcement. So far, HPE has stated that the breach has not materially impacted its operations or financial health.
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Headlines
Trump won the New Hampshire primary, becoming the first non-incumbent Republican candidate to win both the Iowa and New Hampshire primaries.
Chipotle has plans to hire an additional 19,000 seasonal workers for the spring.
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