Netflix Breaks Subscriber Records

And, United Airlines' strong outlook.

January 22, 2025

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Today is Wednesday, January 22, 2025.

The Early Bird Index today is 82.38

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Netflix Breaks Subscriber Records

Netflix (Nasdaq: NFLX) smashed subscriber records and posted good financial earnings results on Tuesday, causing the stock to surge by 14.39% in after-hours trading.

Financials: Netflix reported earnings of $4.27 per share in the past quarter and revenue of $10.24 billion; both were better than expected.

Powering the Story: The streaming giant added a record 18.91 million new subscribers in the quarter. Netflix now has over 300 million paid subscribers.

Early Bird’s Nest Egg Gains: Netflix grew its subscriber base by cracking down on password sharing, introducing cheaper ad-supported tiers, pumping out more original content, and expanding into live events such as sports.

Final Thoughts: Netflix, up 79% in the last 12 months, plans to raise prices and spend an additional $15 billion on stock buybacks.

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Notables

Notable Earnings Today: GE Vernova (NYSE: GEV), Johnson & Johnson (NYSE: JNJ), Procter & Gamble (NYSE: PG), Kinder Morgan (NYSE: KMI), Discover Financial Services (NYSE: DFS), Abbott Laboratories (NYSE: ABT), Knight-Swift Transportation (NYSE: KNX), Alcoa (NYSE: AA), Halliburton (NYSE: HAL), Ally Financial (NYSE: ALLY), Steel Dynamics (Nasdaq: STLD), SL Green Realty (NYSE: SLG), Comerica (NYSE: CMA), Travelers (NYSE: TRV), RLI Corp (NYSE: RLI), Amphenol (NYSE: APH), Cadence Bank (NYSE: CADE), Commerce Bancshares (Nasdaq: CBSH), Cathay Bancorp (Nasdaq: CATY), BankUnited (NYSE: BKU), CACI International (NYSE: CACI), Equity Bancshares (NYSE: EQBK), F.N.B. Corp (NYSE: FNB), Hexcel (NYSE: HXL), National Bank (NYSE: NBHC), OFG Bancorp (NYSE: OFG), Plexus (Nasdaq: PLXS), TE Connectivity (NYSE: TEL), Textron (NYSE: TXT), United Community Banks (NYSE: UCB), WesBanco (Nasdaq: WSBC).

Notable IPOs Today: Diginex Limited Ordinary Shares (Nasdaq: DGNX), Decent Holding Inc Ordinary Shares (Nasdaq: DXST), CTRL Group Limited Ordinary Shares (Nasdaq: MCTR), Toppoint Holdings Inc. (NYSE American: TOPP).

Notable Equity Crowdfunding Campaigns Ending Today: AIHR Screen (StartEngine), Exos Aerospace (StartEngine), Get Charged (StartEngine).

Notable Economic Events Today: U.S. Leading Indicators (10:00 a.m. ET), API Weekly Crude Oil Stock (4:00 p.m. ET).

United Airlines' Strong Outlook

United Airlines (Nasdaq: UAL) jumped 3.62% in after-hours trading on Tuesday after posting good financial earnings results.

Financials: United Airlines reported earnings of $3.26 per share in the past quarter and revenue of $14.7 billion; both were better than expected.

Powering the Story: In addition to the strong results from the past quarter, United Airlines posted a financial outlook for the current quarter that is better than expected.

Final Thoughts: United Airlines, up 187% in the last 12 months, just had one of its strongest quarters ever.

Capital One Slips Following Mixed Results

Capital One Financial (NYSE: COF) ticked down 0.84% in after-hours trading on Tuesday after posting mixed financial earnings results.

Financials: CapitalOne reported earnings of $3.09 per share in the past quarter, which was better than expected. But revenue was just $10.2 billion, which was lower than expected.

Final Thoughts: The stock is up 48% in the last 12 months. Will the stock continue to grow in 2025?

Going Public and Going to Space: Defense and Space Company Voyager Technologies Files to Go Public (Wall Street Journal)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.