It has tested the green support line three times since it went IPO. Last 7 trading sessions were all red with below-average volume. If the stock decides to move up from this level, it will need to break the $32 zone as a lot of buy/sell activity took place there. Today, the company raises more funds for its Sports venture, which is a good sign as investors believe in its future prospects. Recently, a multi-year deal with Nickelodeon was signed as well.
Q2 results:
$932.5M revs, 51% increase compared to last year
$200.7M operating loss with 22% loss margin compared to 24% of last year
$316.9M net loss
67.1M subscribers, 75% increase compared to last year (66.2M are paying members)
Company has
2BN cash
Company is increasingly investing in channel marketing, content promotion, branding as well as R&D
CEO from the conference call:
"We believe we are well on track to execute on our corporate strategy and generate long-term sustainable value to our shareholders."
Q3 guidance:
$985.3M - 1.03bn revs
Q2 results:
$932.5M revs, 51% increase compared to last year
$200.7M operating loss with 22% loss margin compared to 24% of last year
$316.9M net loss
67.1M subscribers, 75% increase compared to last year (66.2M are paying members)
Company has
2BN cashCompany is increasingly investing in channel marketing, content promotion, branding as well as R&D
CEO from the conference call:
"We believe we are well on track to execute on our corporate strategy and generate long-term sustainable value to our shareholders."
Q3 guidance:
$985.3M - 1.03bn revs
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.