Gains

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<p class="has-drop-cap">Netflix Inc. (NASDAQ: NFLX) and Paramount Global (NASDAQ: PARA) are among the most active stocks in <a href="https://tokenist.com/investing/how-to-trade-after-hours/" rel="dofollow" class="deco-link">premarket trading</a> today. Both companies have experienced significant price movements driven by recent earnings reports and potential deal news.</p> 
<h3 id="netflix-shares-down-6-6-paramount-gains-over-7-in-premarket">Netflix Shares Down 6.6%, Paramount Gains Over 7% in Premarket</h3> 
<p>Netflix shares are down 6.64% in premarket trading, priced at $570.02, despite reporting strong<a href="https://ir.netflix.net/financials/quarterly-earnings/default.aspx" target="_blank" aria-label=" first-quarter earnings (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link"> first-quarter earnings</a>. The streaming giant posted a net income of $2.3 billion, or $5.28 per share, up from $1.31 billion, or $2.88 per share, a year ago. <br><br>Revenue also grew by 15% to $9.37 billion. However, the company’s tepid second-quarter sales guidance, which fell short of analysts’ expectations, has led to a decline in its stock price.</p> 
<p>On the other hand, Paramount Global is seeing a surge in its stock price, up 7.47% to $11.79 in premarket trading. The media conglomerate is <a href="https://www.youtube.com/watch?v=Sa4yuoWOxWg" target="_blank" aria-label="reportedly in discussions (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">reportedly in discussions</a> with Sony Pictures Entertainment and Apollo Global Management for a potential joint bid. </p> 
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<h3 id="why-paramount-and-netflix-shares-are-moving-today">Why Paramount and Netflix Shares are Moving Today</h3> 
<p>If Sony and Apollo’s acquisition is successful, Sony could operate Paramount as a label within its own media empire, leveraging Paramount’s marketing and distribution capabilities. <br><br>However, the deal may face regulatory hurdles due to federal regulations on foreign ownership of U.S. broadcast stations. This could affect Sony, a Japanese corporation, in handling Paramount’s U.S. broadcast assets, such as CBS.</p> 
<p>In other news, Netflix announced a strategic shift for 2025, stating that it will stop reporting subscriber numbers and focus on a new, undisclosed performance metric. This move comes despite the company adding 9.3 million subscribers in the first quarter, significantly surpassing analyst expectations. The strong subscriber growth initially drove a 5% increase in Netflix’s stock price, but concerns over sales guidance ultimately led to the price settling back down and dropping.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><strong><em>Do you think the market is overreacting to Netflix’s latest earnings report? Let us know in the comments below.</em></strong></p> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/netflix-and-paramount-among-major-movers-in-premarket-trading-today-heres-why/">Netflix and Paramount Among Major Movers in Premarket Trading Today, Here’s Why</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Netflix and Paramount Among Major Movers in Premarket Trading Today, Here’s Why

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