Netflix shares dip as Q4 revenue misses estimates

Netflix cut its outlook for the current quarter as its revenue and subscriber growth disappointed some investors, sending the streaming giant’s stock tumbling nearly 4 percent in after-hours trades. The company, which has been spending billions as it cranks out original films and series like “Bird Box,” “Roma,” “Stranger Things” and “Tidying up with Marie Kondo,” said new shows helped […]

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Netflix App Revenue Soared 90% in Q2, Pulling In an Estimated $244 Million

Netflix has dramatically upped its revenue haul through smartphones. For the third quarter in a row, the streamer had the No. 1 grossing non-game mobile app worldwide in Q3 2018, generating around $243.7 million across both Apple’s App Store and Google Play, according to research firm Sensor Tower. That’s up about 90% year over year, from Netflix’s gross of approximately $128.4 […]

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