The DOJ, joined by a coalition of state attorneys general, is seeking structural remedies, including a forced divestiture of Google’s Chrome browser, to restore competition.
Lee-Anne Mulholland, Alphabet's VP of Regulatory Affairs, slammed the DOJ lawsuit as a "backward-looking case" coming at a time of intense competition when new services such as OpenAI's ChatGPT and foreign competitors such as DeepSeek were thriving.
Barclays highlighted Netflix's "defensive" appeal in the current macro environment and said visibility is high, which will likely help sustain the stock's premium valuation.
Wall Street saw a rebound in risk appetite on Thursday ahead of the long Easter weekend, as President Donald Trump signaled positive momentum in trade negotiations.
The Koyfin-compiled consensus estimates call for the streaming giant to report earnings per share of $5.68 and revenue of $10.51 billion for the first quarter of the fiscal year 2025.
UBS noted that its proprietary viewership tracker shows a rebound in consumption following a slowdown linked to Netflix’s paid-sharing crackdown and delayed content releases.
U.S. stocks surge after Trump hints at trade progress, easing fears of disruption. S&P 500 up 3%, tech-heavy Nasdaq 100 outperforms. Semiconductors lead sector rally.
Technology and Communication Services stocks are outpacing the broader market on Monday amid a volatile session for U.S. equities related to tariff headlines.
