Netflix subscriber growth smashes estimates in Q4
Japan exports rose to record high in December, which led to an unexpected trade surplus of ¥62.1Bln. Economists had anticipated a deficit of ¥122.1Bln. Shipments to the U.S. surged to their strongest-ever level, while exports to China, Japan's biggest trading partner, climbed 9.6%.
Economists believe the Bank of Canada will keep its overnight rate at 5%, leaving borrowing costs at 22-year high.
Elsewhere on the equity market, easyJet reports a pretax loss of £126Mln in Q1. Number of passengers grew 14%, while load factor came in at 86%.
ASML, Europe's biggest tech company, on Wednesday reported better than expected net profit and sales in Q4, helped by booming sales to China.
Netflix added 13.1 million subscribers in the December quarter, its largest-ever fourth-quarter subscriber growth. Earnings per share of $2.21 fell short of estimates, while revenue rose to $8.83Bln, topping forecasts and the company's own guidance of $8.71Bln.
Tesla will update the market with its report for the fourth quarter after the US closing bell tonight. Once again, one key metric for investors is margins. Gross margins topped in Q1 at 30%. They were down at 16.3% in Q3 and are likely to slip again.
Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1
Learn how to trade with IG: https://upl.inc/the-world-of-ig
We provide fast and flexible access to over 17,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps.
Established in 1974 as the world’s first financial spread betting firm, we’re the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands.
Our range of affordable, fully managed investment portfolios rounds out our comprehensive offering to investors and active traders. Through our low fees and smart price-sourcing technology, we help traders keep their costs down. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider†.
You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.
* Based on revenue excluding FX (published financial statements, February 2023).
† For the 12 months preceding 1 July 2023.
Japan exports rose to record high in December, which led to an unexpected trade surplus of ¥62.1Bln. Economists had anticipated a deficit of ¥122.1Bln. Shipments to the U.S. surged to their strongest-ever level, while exports to China, Japan's biggest trading partner, climbed 9.6%.
Economists believe the Bank of Canada will keep its overnight rate at 5%, leaving borrowing costs at 22-year high.
Elsewhere on the equity market, easyJet reports a pretax loss of £126Mln in Q1. Number of passengers grew 14%, while load factor came in at 86%.
ASML, Europe's biggest tech company, on Wednesday reported better than expected net profit and sales in Q4, helped by booming sales to China.
Netflix added 13.1 million subscribers in the December quarter, its largest-ever fourth-quarter subscriber growth. Earnings per share of $2.21 fell short of estimates, while revenue rose to $8.83Bln, topping forecasts and the company's own guidance of $8.71Bln.
Tesla will update the market with its report for the fourth quarter after the US closing bell tonight. Once again, one key metric for investors is margins. Gross margins topped in Q1 at 30%. They were down at 16.3% in Q3 and are likely to slip again.
Subscribe ► https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1
Learn how to trade with IG: https://upl.inc/the-world-of-ig
We provide fast and flexible access to over 17,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps.
Established in 1974 as the world’s first financial spread betting firm, we’re the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands.
Our range of affordable, fully managed investment portfolios rounds out our comprehensive offering to investors and active traders. Through our low fees and smart price-sourcing technology, we help traders keep their costs down. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider†.
You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit.
* Based on revenue excluding FX (published financial statements, February 2023).
† For the 12 months preceding 1 July 2023.
