Netflix (NFLX, Financial) experienced a stock price decline of 2.16%, trading at $899.30 with a volume of 1.2 million shares. The company's recent financial report shows revenue of $9.77 billion and a net profit of $2.36 billion, with an earnings per share of $5.52 and a price-to-earnings ratio of 50.92. Analyst ratings indicate that 57% recommend buying, 35% suggest holding, and 8% advise selling.
In the entertainment sector, where Netflix operates, the overall decline was 1.73%. Notable stock movements included gains by Multimetaverse Holdings Limited, Liveone, Inc., and Bloomz Inc., while companies like AMC Theatres and Dave & Buster's Entertainment, Inc. showed high activity levels.
Netflix's business model focuses on streaming services, with over 280 million global users, excluding China. Recently, the company introduced ad-supported subscription plans to diversify revenue streams beyond subscription fees.
The Dutch Data Protection Authority fined Netflix nearly $5 million for inadequate disclosure of data usage between 2018 and 2020. Netflix is contesting the fine.
