November

FinanceTrending

Netflix Stock Rallies After Company Hits Quarter Three Earnings Report

Netflix’s third quarter earnings release surprisingly surpassed its earnings expectations as it brought in $7.93 billion in revenue versus the $7.85 billion expected revenue. It crushed its net subscriber addition expectations as it brought in 2.41 million when it was only expected to add one million. The positive news caused the stock to rally after hours on October 18th as the stock gained 15%.

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BusinessInternational

AMC Launches Popcorn Plans for the Upcoming Year

AMC hopes to boost revenue in 2022 by selling its popcorn at kiosks, food stores, and convenience stores. The Today Show noted that AMC will also offer popcorn ordered from home or bought in “To Go” packages at theaters. The company plans to have fifteen locations by the end of 2022 and more by 2023, but the company has not yet disclosed the price for any of its popcorn products.

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