Netflix's Q4 Content Lineup to Showcase 'Best-Ever' Offerings Amid Bernstein's Positive Outlook
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TL;DR
Netflix's Q3 earnings met expectations with strong revenue growth and EBIT margin. Despite a stock dip, Bernstein maintains a positive outlook, highlighting Q4's 'best-ever' content lineup.
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NetflixQ3 earningsBernsteincontent lineupstock performance
Netflix's Q3 earnings met market forecasts with 17% YoY revenue growth and a 34% EBIT margin. Despite a 10% stock drop, Bernstein reaffirmed its Outperform rating and $1,390 price target. The company forecasts $45.1 billion in revenue for the year and has its "best content lineup ever" for Q4.
