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Netflix reported fourth-quarter and 2024 results on Tuesday.The streaming service added 19 million paid subscribers in the quarter.Netflix will no longer report subscriber counts starting in 2025.The number of new Netflix subscribers rose again during the fourth quarter to reach historic proportions.The streaming service added 19 million new paid users…
By Dawn Chmielewski (Reuters) -Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street’s forecasts, with live sporting events and the return of its popular South Korean series “Squid Game” attracting a record number of new customers, the company reported on Tuesday. The streaming giant said it…
By Manya Saini, Noor Zainab Hussain and Saeed Azhar (Reuters) – Goldman Sachs earned its biggest quarterly profit in more than three years, beating Wall Street expectations, as its investment bankers brought in more fees from deals and debt sales, while its traders benefited from a surge in market activity.…
A bright spot on Lululemon’s horizon was its robust growth in international markets.Its international sales increased 33% in Q3 of 2024, compared to 2% in the Americas.China, in particular, was a strong market for the brand this quarter.Lululemon’s robust growth in its international markets — particularly China — made up…
Renaissance Technologies pared its Tesla and Nvidia bets and raised its GameStop wager last quarter.The quant fund founded by the late Jim Simons cut its Tesla stake by 86% and halved its Nvidia wager.RenTech boosted its GameStop position by more than 40% to 1.9 million shares. Renaissance Technologies cut its…
By Savyata Mishra (Reuters) -Home Depot forecast a smaller drop in annual same-store sales on Tuesday, benefiting from resilient demand from professional contractors, as well as a lift from hurricane-related spending in the current quarter. The top U.S. home improvement chain also posted better-than-anticipated third-quarter results, a stark contrast from…
By Michael Erman (Reuters) – Merck & Co posted higher-than-expected third-quarter earnings on Thursday on strong sales of its blockbuster cancer treatment Keytruda, but the U.S. drugmaker also flagged a second straight quarter of weak demand for its Gardasil vaccine in China. Gardasil, which prevents cancers caused by the human…
By Deborah Mary Sophia, Aditya Soni and Anna Tong (Reuters) -Microsoft predicted increased spending on artificial intelligence this quarter but slower growth in its cloud business Azure, signaling that big AI investments were not enough to keep pace with capacity constraints at its data centers. Shares of the Redmond, Washington-based…
Netflix added over 5 million subscribers in the third quarter, beating analyst expectations.At 19%, Asia Pacific had the largest revenue growth rate of all regions this quarter.Local content strategy and investment in original content is boosting Netflix’s competitive edge. Netflix showed investors once again that it is the king of…
Saratoga Investment Corp (NYSE: NYSE:), a provider of financial services to middle-market companies, reported robust financial results for its fiscal second quarter ending August 31, 2024. The company announced an annualized dividend of $0.74 per share, reflecting a yield of 12.7% based on the current stock price. Adjusted net investment…