Netflix beats subscriber targets, cautions ad revenue may take time to ramp up
Mark Mahaney, senior managing director at Evercore ISI, revealed his new price target for Netflix’s high-flying stock during an appearance on “Varney & Co.” Netflix said on Thursday it added more than 8 million subscribers in the second quarter, benefiting from a crackdown on password sharing and popular titles like “Bridgerton,” “Baby Reindeer” and “Roast […]
BlackRock's ETF business just keeps growing, but the search for revenue goes on – CNBC
Judged by these standards, Fink’s bet proved to be one of the greatest financial investments of all time. A comprehensive analysis of BlackRock’s ETF business is a difficult task, but revenue, assets under management (AUM) and growth potential are certainly important factors. According to Morningstar equity strategist Gregory Warren, BlackRock’s total revenue for 2023 is […]
PepsiCo revenue disappoints as inflation-battered customers cut back
PepsiCo Inc.’s second-quarter profit soared but sales fell short of Wall Street expectations as cash-strapped customers cut spending on snacks amid rising inflation. The junk-food conglomerate, which owns brands including Pepsi, Frito-Lay, Quaker and Gatorade, also lowered its forecast for fiscal 2024, predicting organic revenue growth of 4%. While that figure technically meets PepsiCo’s original […]