Netflix earnings crush expectations but the stock is far too extended: analyst

Netflix reported its Q1 2024 earnings results and beat expectations but announced it will stop reporting quarterly membership numbers. Matthew Harrigan, Analyst, with Benchmark says streaming won’t be a winner takes all business and Netflix’s stock price has been excessively giddy ahead of these earnings. Subscribe to BNN Bloomberg to watch more videos: https://www.youtube.com/BNNBloomberg Connect with BNN Bloomberg: For the latest news visit: https://www.bnnbloomberg.ca For a full video offering visit BNN Bloomberg: https://www.bnnbloomberg.ca/video BNN Bloomberg on Facebook: https://www.facebook.com/BNNBloomberg BNN Bloomberg on Twitter: https://twitter.com/bnnbloomberg BNN Bloomberg on Instagram: https://www.instagram.com/bnnbloomberg BNN Bloomberg on LinkedIn: https://www.linkedin.com/company/bnn-bloomberg -- BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.