Investors viewed this announcement as something positive, as it pushed its price up to $371.29 per share, with an intraday increase of 9.22%. In the year, the company’s titles already present a yield of 26%.
Netflix had earlier announced that it had a lower-than-expected forecast for revenue and subscribers, leaving investors skeptical about its performance on the stock market.
The Bloomberg analyst consensus estimates a potential return of 0.5%, so not much change is expected for the next 12 months to reach its target price of $373.33 per share.
Looking ahead, Netflix forecasts revenue of $8.242 million and diluted earnings per share of $2.86 for the second quarter. Wall Street had forecast sales of $8.476 million and diluted earnings per share of $3.05.