×

Netflix Stock Rises After Five Golden Globes Wins, Upbeat Analyst Subscriber Estimates

UPDATED: Netflix shares jumped 6% Monday, coming on the heels of the company taking home five Golden Globe Awards on Sunday night and another bullish Wall Street analyst call.

The streamer took home Globes trophies in major categories for Alfonso Cuarón’s art-house-y film “Roma” and Chuck Lorre’s comedy “The Kominsky Method.”

The rise in Netflix’s stock, which closed at $315.34 per share on the day, exceeded a more modest uptick in the broader market. Also Monday, Piper Jaffray analyst Michael Olson issued a report predicting Netflix will beat Wall Street expectations for U.S. streaming-subscriber additions for the fourth quarter of 2018. Olson wrote in a research note that the firm’s model, based on an analysis of Google search trends, points to “directionally positive” domestic growth, “showing a high likelihood of a strong Q4 for Netflix domestic sub adds, with in-line int’l subs.”

Investors rallied behind Netflix’s stock last Friday, when shares closed up 9.7% to $297.57 per share, helped by a bullish call from Goldman Sachs. The company’s shares are still well below their over-$400-per-share highs in 2018.

Last September, Netflix shares rose after the streamer won 23 Emmy Awards, gaining 4.9% on Sept. 18.

On Sunday night, Netflix won three Golden Globes for TV series and earned a best foreign film and a directing award for “Roma,” Cuarón’s black-and-white meditation on his childhood growing up in Mexico City. (“Roma” was ineligible for the top drama prize because the dialogue was virtually entirely in Spanish and Mixteco.)

In the TV categories, Netflix’s “Kominsky Method” won the best comedy prize and best actor in a TV comedy for Michael Douglas, while Richard Madden, star of Netflix’s British “Bodyguard” series, won a best actor in a TV drama prize.

In his acceptance speech, a stunned Lorre ended his thank-yous by saying “Netflix, Netflix, Netflix” — much to the delight of Netflix content boss Ted Sarandos, who was in the audience.

Backstage at the Golden GlobesCuarón defended Netflix’s model in challenging a journalist’s question about whether streaming services were contributing to the death of independent cinema.

Pictured above: Alfonso Cuarón’s “Roma”

Popular on Variety

More Digital

  • Elite Season 2

    San Sebastian: Spain’s SVOD Players Debate Competition, Brand, Talent

    SAN SEBASTIAN  — Executives from HBO, Netflix, Amazon and Movistar+ and “Elite” co-creator Darío Madrona took to the stage to field questions on the Global Impact of Spanish Series. Here, briefly, are five takeaways: 1.Spain First “La Casa de Papel” was watched by 34,355,956 Netflix accounts over its first seven days,  after a July 19 [...]

  • Tinder - Swipe Night

    Tinder's Apocalyptic 'Swipe Night' Interactive Dating Show Sets Release Date

    Tinder next month will bow its first original entertainment content — “Swipe Night,” an interactive adventure series in which viewers are forced to make dating choices on humanity’s last night on Earth. Variety previously reported details of the location-based social network/dating app service’s foray into original content, which recently wrapped production in Mexico City and [...]

  • Editorial Use onlyMandatory Credit: Photo by

    YouTube Rolls Back Verification Changes, Says Verified Creators Can Keep Their Badge

    A day after announcing significant changes to its verification program, YouTube announced Friday afternoon that it won’t be de-verifying existing creators after all. “We heard loud and clear how much the badge means to you,” said YouTube product manager Jonathan McPhie in a blog post. “Channels that already have the verification badge will now keep it [...]

  • BLive: BitTorrent Live Streaming App to

    BitTorrent to Launch Public Beta of New Live Streaming App

    BitTorrent is getting ready to open the floodgates for its new live streaming app, dubbed BitTorrent Live: The company plans to launch a BitTorrent Live Android app on various app stores as part of a public beta test late Friday, according to a spokesperson. BitTorrent Live, which is also known as BLive, is being described [...]

  • Netflix - Apple TV

    Netflix Stock Drops After CEO Acknowledges 'Tough Competition' Coming From Disney, Apple

    Netflix shares fell as much as 7% Friday to a nine-month low, coming after CEO Reed Hastings commented that the November launches of Disney Plus and Apple TV Plus will introduce a “whole new world” of competition. Hastings, speaking at the Royal Television Society conference Friday in Cambridge, England, said, “While we’ve been competing with [...]

  • Facebook

    Facebook Suspends Tens of Thousands of Apps During Privacy Investigation

    Facebook has suspended tens of thousands of apps ever since it began investigating potential privacy abuses, the company said Friday. The apps in question had been built by around 400 developers, and a suspension doesn’t necessarily indicate actual privacy violations. Facebook began combing through millions of apps that made use of its platform after the [...]

  • tivo logo

    Tivo Plans to Launch Android TV Dongle, Tivo+ Curation App

    DVR maker Tivo is getting ready to release a new device that may not record television at all: The company plans to launch a $50 Roku-like TV dongle early next year, its new CEO Dave Shull revealed in a conversation with CNN this week. The new device will be powered by Google’s Android TV platform, [...]

More From Our Brands

Access exclusive content