EXCLUSIVE: In a significant changing of the guard in Netflix's senior executive ranks, Chief Communications Officer Rachel Whetstone and Global Public Policy VP Dean Garfield are leaving the company. The news has just been shared with staffers in an internal memo.
Costco's membership crackdown may bring in a Netflix-style revenue lift. Morgan Stanley analysts say they've seen "surprising conversion rates" of shoppers paying the fee.
Netflix continues to grow rapidly, with a 35.5% stock increase since April, outperforming the S&P 500, yet I maintain a 'hold' rating due to valuation concerns. Q3 2024 saw record-breaking revenue of $9.82 billion and a subscriber base of 282.72 million, driven by strong regional performance and pricing strategies. Despite impressive growth and profitability, including a net profit jump to $2.3...
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