Netflix adds record 19 million subscribers in holiday quarter, stock soars
  • January 21, 2025

Netflix adds record 19 million subscribers in holiday quarter, stock soars

(Reuters) -Netflix added 18.9 million subscribers in its holiday quarter, blowing past Wall Street's forecasts, with live sporting events and the return of its popular South Korean series "Squid Game" attracting a record number of new customers, the company reported on Tuesday. The streaming giant said it will increase prices for most service plans in the U.S., Canada, Portugal and Argentina as it spends more on programming. Investors reacted enthusiastically to the results, sending Netflix's stock surging about 13% in extended trade, lifting its stock market value by almost $50 billion.

Luxury, Hotel Stocks Are All the Rage as Tourists Flock to Japan
  • January 21, 2025

Luxury, Hotel Stocks Are All the Rage as Tourists Flock to Japan

(Bloomberg) -- Japan’s stock market is only now waking up to potential gains from record numbers of big-spending tourists.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpDonations to LA Fire Victims Rise Past $200 Million MarkNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsWhat LA’s Fires Mean for the City’s Housing ShortageA growing number of companies, including a seller of v

Agilysys (NASDAQ:AGYS) Misses Q4 Revenue Estimates, Stock Drops 13.4%
  • January 21, 2025

Agilysys (NASDAQ:AGYS) Misses Q4 Revenue Estimates, Stock Drops 13.4%

Hospitality industry software provider Agilysys (NASDAQ:AGYS) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 14.9% year on year to $69.56 million. The company’s full-year revenue guidance of $273 million at the midpoint came in 3.2% below analysts’ estimates. Its non-GAAP profit of $0.38 per share was 10.9% above analysts’ consensus estimates.