Latest news with #Monteiro
New Straits Times
2 days ago
- Business
- New Straits Times
'Squid Game' boosts Netflix quarter, company raises revenue guidance
LOS ANGELES: The final season of global phenomenon "Squid Game" helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year. Some investors had hoped for more from the dominant movie and TV streaming service, analysts said. Netflix shares had risen nearly 44 per cent this year ahead of the earnings report on Thursday. The stock fell 1.8 per cent to US$1,251.86 in after-hours trading. Netflix has been building an ad-supported service to reel in price-sensitive viewers, though it has said advertising will not be a primary driver of revenue growth this year. The company also has added live events such as WWE wrestling to draw advertisers and viewers. For April through June, Netflix posted diluted earnings per share of US$7.19. That topped the US$7.08 consensus estimate of analysts polled by LSEG. The company raised revenue guidance for 2025 to US$44.8 billion to US$45.2 billion, citing the weakening of the US dollar plus "healthy member growth and ad sales." Its previous guidance was up to US$44.5 billion. analyst Thomas Monteiro said investors were expecting "a much stronger upward revision" to 2025 guidance. "The full-year outlook now feels quite conservative, which is problematic for a stock priced for perfection," Monteiro said. "At this stage, the company appears overly dependent on further price increases — at least through 2026 — to drive revenue," he added. For the just-ended quarter, net income came in at US$3.1 billion, edging forecasts of US$3.06 billion. Revenue totaled US$11.08 billion, above the US$11.07 billion analyst projection. Netflix released the third and final season of dystopian Korean drama "Squid Game" a few days before the second quarter ended in June. The show is the most popular non-English Netflix show in the streaming service's history. Season three racked up 122 million views, Netflix said. Other releases during the quarter included "Sirens," "The Four Seasons" and a third season of "Ginny & Georgia." The streaming video pioneer stopped disclosing quarterly subscriber numbers this year, instead urging investors to focus on profit as a measure of its success. It said member growth was ahead of its forecast but occurred late in the quarter, which limited the impact on second-quarter revenue. Looking ahead, Netflix forecast revenue of US$11.5 billion and net income of nearly US$3 billion. Analysts had projected US$11.3 billion and US$2.9 billion, respectively. The company has new seasons of two of its biggest shows coming later this year. "Wednesday" returns in August, and the final episodes of "Stranger Things" will be released in November and December. Chief financial officer Spencer Neumann, asked about the company's view on acquiring assets from other media companies, said Netflix would be "choosy." "We've historically been more builders than buyers, and we continue to see big runway for growth without fundamentally changing that playbook," Neumann said during a post-earnings video.
Straits Times
2 days ago
- Business
- Straits Times
Netflix earnings surge on Squid Game 3 boost, with final season racking up 122 million views
Find out what's new on ST website and app. The final season of global phenomenon 'Squid Game' helped Netflix beat Wall Street earnings targets for the second quarter. LOS ANGELES - The final season of global phenomenon 'Squid Game' helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year. Some investors had hoped for more from the dominant movie and TV streaming service, analysts said. Netflix shares had risen nearly 44 per cent in 2025 ahead of the earnings report on July 17. The stock fell 1.8 per cent to US$1,251.86 in after-hours trading. Netflix has been building an ad-supported service to reel in price-sensitive viewers, though it has said advertising will not be a primary driver of revenue growth in 2025. The company also has added live events such as WWE wrestling to draw advertisers and viewers. For April through June, Netflix posted diluted earnings per share of US$7.19. That topped the US$7.08 consensus estimate of analysts polled by LSEG. The company raised revenue guidance for 2025 to US$44.8 billion to US$45.2 billion, citing the weakening of the US dollar plus 'healthy member growth and ad sales.' Its previous guidance was up to US$44.5 billion. analyst Thomas Monteiro said investors were expecting 'a much stronger upward revision' to 2025 guidance. 'The full-year outlook now feels quite conservative, which is problematic for a stock priced for perfection,' Monteiro said. Top stories Swipe. Select. Stay informed. Singapore Driverless bus in Sentosa gets green light to run without safety officer in first for S'pore Asia Malaysia's King appoints Wan Ahmad Farid as new Chief Justice World Trump diagnosed with vein condition causing leg swelling, White House says World US strikes destroyed only one of three Iranian nuclear sites, says new report Opinion Is your child getting drawn to drugs? Don't look away and don't give up Business 5 things to know about Kuok Hui Kwong, tycoon Robert Kuok's daughter and Shangri-La Asia head honcho Business Granddaughter of late Indonesian tycoon pays $25 million for Singapore bungalow Singapore Sex first, then you can sell my flat: Women property agents fend off indecent proposals and harassment 'At this stage, the company appears overly dependent on further price increases – at least through 2026 – to drive revenue,' he added. For the just-ended quarter, net income came in at US$3.1 billion, edging forecasts of US$3.06 billion. Revenue totaled US$11.08 billion, above the US$11.07 billion analyst projection. Netflix released the third and final season of dystopian Korean drama Squid Game a few days before the second quarter ended in June. The show is the most popular non-English Netflix show in the streaming service's history. Season three racked up 122 million views, Netflix said. Other releases during the quarter included Sirens, The Four Seasons and a third season of Ginny & Georgia. The streaming video pioneer stopped disclosing quarterly subscriber numbers in 2025, instead urging investors to focus on profit as a measure of its success. It said member growth was ahead of its forecast but occurred late in the quarter, which limited the impact on second quarter revenue. The company has new seasons of two of its biggest shows coming later this year. Wednesday returns in August, and the final episodes of Stranger Things will be released in November and December. Chief financial officer Spencer Neumann, asked about the company's view on acquiring assets from other media companies, said Netflix would be 'choosy.' 'We've historically been more builders than buyers, and we continue to see big runway for growth without fundamentally changing that playbook,' Mr Neumann said during a post-earnings video. REUTERS
Business Times
3 days ago
- Business
- Business Times
‘Squid Game' boosts Netflix quarter, company raises revenue guidance
[LOS ANGELES] The final season of global phenomenon Squid Game helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year. Some investors had hoped for more from the dominant movie and TV streaming service, analysts said. Netflix shares had risen nearly 44 per cent this year ahead of the earnings report on Thursday (Jul 16). The stock fell 1.8 per cent to US$1,251.86 in after-hours trading. Netflix has been building an ad-supported service to reel in price-sensitive viewers, though it has said advertising will not be a primary driver of revenue growth this year. The company has also added live events such as WWE wrestling to draw advertisers and viewers. For April to June, Netflix posted diluted earnings per share of US$7.19. That topped the US$7.08 consensus estimate of analysts polled by LSEG. The company raised revenue guidance for 2025 to US$44.8 billion to US$45.2 billion, citing the weakening of the US dollar plus 'healthy member growth and ad sales'. Its previous guidance was up to US$44.5 billion. analyst Thomas Monteiro said investors were expecting 'a much stronger upward revision' to 2025 guidance. A NEWSLETTER FOR YOU Friday, 2 pm Lifestyle Our picks of the latest dining, travel and leisure options to treat yourself. Sign Up Sign Up 'The full-year outlook now feels quite conservative, which is problematic for a stock priced for perfection,' Monteiro said. 'At this stage, the company appears overly dependent on further price increases – at least till 2026 – to drive revenue,' he added. For the just-ended quarter, net income came in at US$3.1 billion, edging forecasts of US$3.06 billion. Revenue totalled US$11.08 billion, above the US$11.07 billion analyst projection. Netflix released the third and final season of dystopian Korean drama Squid Game a few days before the second quarter ended in June. The show is the most popular non-English Netflix show in the streaming service's history. Season three racked up 122 million views, Netflix said. Other releases during the quarter included Sirens, The Four Seasons and a third season of Ginny & Georgia. The streaming video pioneer stopped disclosing quarterly subscriber numbers this year, instead urging investors to focus on profit as a measure of its success. It said member growth was ahead of its forecast but occurred late in the quarter, which limited the impact on second-quarter revenue. Looking ahead, Netflix forecasts revenue of US$11.5 billion and net income of nearly US$3 billion. Analysts had projected US$11.3 billion and US$2.9 billion, respectively. The company has new seasons of two of its biggest shows coming later this year. Wednesday returns in August, and the final episodes of Stranger Things will be released in November and December. Chief financial officer Spencer Neumann, asked about the company's view on acquiring assets from other media companies, said Netflix would be 'choosy'. 'We have historically been more builders than buyers, and we continue to see big runway for growth without fundamentally changing that playbook,' Neumann said during a post-earnings video. REUTERS
![2025 Nordea Open: Monteiro [152nd] vs. Budkov Kjaer [298th] Prediction, Odds and Match Preview](/_next/image?url=https%3A%2F%2Fwww.gannett-cdn.com%2Fauthoring%2Fimages%2FDataSkriveSportsbookWire%2F2025%2F04%2F16%2FSSBK%2F83116869007-14991234.jpeg%3Fauto%3Dwebp%26crop%3D1199%2C676%2Cx0%2Cy73%26format%3Dpjpg%26width%3D1200&w=3840&q=100)
![2025 Nordea Open: Monteiro [152nd] vs. Budkov Kjaer [298th] Prediction, Odds and Match Preview](/_next/image?url=https%3A%2F%2Fall-logos-bucket.s3.amazonaws.com%2Fusatoday.com.png&w=48&q=75){kind=small}
USA Today
6 days ago
- Sport
- USA Today
2025 Nordea Open: Monteiro [152nd] vs. Budkov Kjaer [298th] Prediction, Odds and Match Preview
On Tuesday, Nicolai Budkov Kjaer (No. 298 in the world) meets Thiago Monteiro (No. 152) in the Round of 32 at the Nordea Open. Monteiro is favored (-200) in this match against Budkov Kjaer (+154). Tennis odds courtesy of BetMGM Sportsbook. Odds updated Monday at 2:35 PM ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Thiago Monteiro vs. Nicolai Budkov Kjaer matchup info Watch the Tennis Channel and more sports on Fubo! Monteiro vs. Budkov Kjaer Prediction Based on the implied probility from the moneyline, Monteiro has a 66.7% to win. Monteiro vs. Budkov Kjaer Betting Odds Monteiro vs. Budkov Kjaer matchup performance & stats
New Straits Times
06-07-2025
- Sport
- New Straits Times
Perak squash in crisis despite producing two Asian Junior champions
KUALA LUMPUR: It was a golden weekend for two junior squash players from Perak, but behind their triumphs lies a troubling tale of internal conflict that's crippling the sport's development in the state. Despite producing two Asian Junior champions on Saturday, the Perak Squash Association (PSA) is in disarray due to prolonged infighting between rival factions, and shockingly, PSA has no coaches for its players. Yet, Ipoh-born Jinoreeka Ning, 15, rose above the chaos to claim the girls' Under-15 title at the Asian Junior Championships in South Korea. She achieved the feat without a coach in Perak, relying instead on the unwavering support of her parents. Another Perak-born talent, Low Wa Sern, clinched the boys' Under-19 crown, although he now trains and studies at Trinity College in Connecticut, far removed from the troubled system back home. For Jinoreeka, a Form Three student at Methodist Girls' School in Ipoh, success has come through grit, passion, and personal sacrifice from her family. Her parents, R. Manivannan and Toh Chee Kuan, have spent around RM250,000 since 2023 to fund her training stints in Cairo under top Egyptian coach Omar Aziz, best known for mentoring world No. 3 Hania El Hammamy. The long-standing dysfunction within PSA has drawn concern from the national body. "This has been going on for too long. We've tried our best to resolve it, but our hands are tied," said Squash Racquets Association of Malaysia (SRAM) president Gerard Monteiro. Monteiro added that PSA officials have not attended SRAM's annual general meetings for several years, further straining the relationship. As for Jinoreeka's development, Monteiro said SRAM had offered her a place to train and study at the Bukit Jalil Sports School (BJSS) last year, and confirmed that she is also enrolled in the Sime Darby Foundation programme. "We encourage any player facing issues with their state associations to contact us directly," said Monteiro.
