Netflix with record increase of almost 19 million users + Evotec receives funding from the Korean government + Trump announces AI infrastructure investments + Trump open to Musk's purchase of Tiktok
Netflix $NFLX (+1.04%)delivers after-hours figures
- Netflix has broken the 300 million user mark after record growth in the past quarter.
- In the quarter with the second season of the South Korean hit series "Squid Game", the company added almost 19 million users, as announced by the company on Tuesday after the US stock exchange closed.
- This was around twice as many as analysts had expected - the video streaming market leader also exceeded Wall Street forecasts for revenue and profit.
- Netflix now has 301.6 million customer households.
- The largest quarterly increase to date was around 15 million at the start of the coronavirus pandemic in 2020.
- However, with the record, Netflix will now stop providing information on the number of users.
- Netflix's revenue rose by 16% year-on-year to 10.2 billion dollars in the past quarter.
- At the bottom line, profit jumped from 938 million dollars a year earlier to 1.87 billion dollars.
- The results were well received by investors: The share price rose by eight percent at times in after-hours trading.
Evotec $EVT (-0.13%)receives funding from the Korean government to develop novel antibody-based treatments for lung diseases
- Yonsei University, Zymedi and Evotec receive USD 4.5 m from the Korea Institute of Advanced Technology under the Korean Ministry of Trade, Industry and Energy.
- The funding will support a novel collaboration to develop first-in-class therapeutics for the treatment of asthma and idiopathic pulmonary fibrosis
Trump announces AI infrastructure investments led by Oracle $ORCL (+6.18%), OpenAI and Softbank $9984 (+10.95%)supported by
- Executives pledged to invest an initial $100 billion and up to $500 billion over the next four years in the project, which will be set up as an independent company
- https://www.cnbc.com/2025/01/21/trump-ai-openai-oracle-softbank.html?irclickid=x7cRozR4exyKT%3ARS-WUlu0FFUksxGHydHx9a1w0&irgwc=1
Trump open to Musk's purchase of Tiktok
- US President Donald Trump has no objections to tech billionaire Elon Musk taking over Tiktok.
- He is open to it if Musk wants to buy the video app, Trump said in the White House in response to a question from journalists.
- He also reiterated that he believes Tiktok should be half-owned by the USA.
- Musk's name had recently been mentioned in media reports.
- The Wall Street Journal and the financial service Bloomberg wrote that the Chinese government was considering the option of selling Tiktok to Musk.
- The tech billionaire and current Trump confidant has considerable business interests in China: the electric car manufacturer Tesla, which he manages, has a large plant in Shanghai.
- Musk could link Tiktok with X Musk already owns the online platform X, which is based on the short messaging service he bought, Twitter.
- He supported Trump's election campaign with more than 200 million dollars and made X an even more important platform for the president and his supporters.
- The clock is ticking for Tiktok in the USA. A US law stipulated that the China-based Tiktok owner Bytedance had to divest itself of Tiktok by last Sunday in order for the app to remain available in the US.
- However, this did not happen and the app was temporarily taken offline at the weekend.
- Trump gives Tiktok more time On Monday, however, Trump issued an executive order that the Department of Justice should not enforce the provisions of the law for 75 days.
- It remains to be seen whether he can do this legally.
- Trump is convinced that he can strike a deal for Tiktok. He argues that Tiktok is worth nothing without the US market and that he is therefore in a strong negotiating position.
- Officially, Tiktok has always rejected a change of ownership.
- Concerns in the US The law - which Trump must also abide by - was triggered by worries that the Chinese government could use Tiktok to gain access to US users' data and manipulate public opinion in the US.
- Tiktok rejects this.
- At the same time, Trump played down the data protection concerns.
- There are bigger problems than information about young Tiktok users falling into Chinese hands, he said on Monday.
Wednesday: Stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
- Acerinox EUR 0.31
- Dell Technologies Registered USD 0.45
- Quarterly figures / company dates USA / Asia
- 12:25 Johnson & Johnson quarterly figures
- 12:30 GE Vernova quarterly figures
- 12:45 Halliburton | Johnson & Johnson quarterly figures
- 12:55 Procter & Gamble quarterly figures
- 13:00 Travelers Cos quarterly figures
- 13:30 Abbott Laboratories quarterly figures
- 16:00 United Airlines quarterly figures
- 22:10 Alcoa annual results
- Quarterly figures / Company dates Europe
- 08:00 Easyjet quarterly figures
- 17:45 VW Pre Close Call
Economic data
11:00 EU: Government Debt 3Q | Government Deficit 3Q
12:00 DE: Bundesbank, monthly report January
16:00 US: Leading Indicators Index December FORECAST: -0.1% yoy previous: +0.3% yoy
16:15 CH: ECB President Lagarde, participation in dialog on "Beyond Crisis: Unlocking Europe's Potential" at World Economic Forum Davos
19:30 CH: ECB Governing Council member Nagel, participation in panel at World Economic Forum Davos
19:30 DE: President of the Deutsche Bundesbank, Joachim Nagel, participates in a panel discussion at the event "Evening Reception, Frankfurt RheinMain International Marketing of the Region"
