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Netflix Set For $150 Million NFL Christmas Test As Stock Heads To Best Year Since 2015
Forbes· 2024-12-25 16:48
Core Insights - Netflix's NFL games represent a significant live advertising opportunity, potentially enhancing monetization for its ad-supported subscription tier through 2025 [2] - The company's stock has surged 91% year-to-date, positioning it for its best performance since 2015 [3][11] - Netflix is projected to achieve $39 billion in revenue and $8.7 billion in net profit for 2024, marking increases of 15% and 60% from 2023, respectively [4] Financial Performance - Netflix's $150 million investment for NFL game rights follows successful ratings from previous Christmas games, which ranked among the top 20 broadcasts in the U.S. [5] - The company has outperformed traditional media and streaming services, achieving an annualized return of 36% over the past five years [7] - The stock's performance places Netflix as the 13th-best performing stock on the S&P 500, significantly outperforming competitors like Disney and Comcast [11] Market Positioning - Only 7% of NFL games this season are available exclusively via streaming, indicating a growing market for streaming services in live sports [6] - Netflix's entry into live sports broadcasting, including rights to the FIFA Women's World Cup and WWE's "Raw," highlights its strategic expansion into this sector [5][8]
Netflix won the streaming battle in 2024: Here's how it grew into a Hollywood disruptor with 280 million subscribers.
Business Insider· 2024-12-24 19:11
Core Insights - In 1998, Netflix launched a DVD-by-mail rental service, marking a significant milestone in its business model [1] - Jeff Bezos, the founder and former CEO of Amazon, expressed interest in acquiring Netflix in the same year, offering between $14 million and $16 million [2] Company History - Netflix's inception as a DVD rental service laid the groundwork for its future growth and transformation into a streaming giant [1] - The decision to decline Bezos's acquisition offer is a pivotal moment in Netflix's history, showcasing the company's early vision and ambition [2]
Analyst: Outperforming Netflix Stock Has More in the Tank
Schaeffers Investment Research· 2024-12-24 15:24
Shares of Netflix Inc (NASDAQ:NFLX) are unchanged after KeyBanc Capital upped its price target to $1,000 from $785 and reiterated its "overweight" rating. The analyst in question is confident in the streaming giant's growth potential and ability to outperform on the S&P 500 (SPX) in 2025.The new price target represents a nearly 10% premium to Netflix stock's current perch of $915.31 and is just above its Dec. 11 all-time high of $941.75. The equity is up 87.7% since the start of 2024, and well on its way to ...
Here's Why Netflix (NFLX) Gained But Lagged the Market Today
ZACKS· 2024-12-23 23:51
In the latest market close, Netflix (NFLX) reached $911.45, with a +0.26% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq added 0.98%.The the stock of internet video service has risen by 1.25% in the past month, leading the Consumer Discretionary sector's gain of 0.86% and the S&P 500's gain of 0.34%.The investment community will be closely monitoring the performance of Netf ...
Netflix Adds Women's World Cup Media Rights: From Football To Futbol, Streamer All-In On Live Sports
Benzinga· 2024-12-20 20:26
Streaming giant Netflix Inc NFLX landed the U.S. media rights to the 2027 and 2031 Women's World Cup adding to its recent push into live sports, set to be front and center with two NFL games on Christmas Day.What Happened: For years, Netflix has been a streaming platform for sports documentaries that avoided live sporting content.In recent years, the company dipped its toes in live content with comedy specials, a roast of Tom Brady and some one-off sporting events. Things escalated in 2024 with the live box ...
Netflix Gets U.S. Broadcast Rights to Next Two FIFA Women's World Cups
Investopedia· 2024-12-20 18:05
Key TakeawaysFIFA has granted Netflix the exclusive U.S. broadcasting rights for the 2027 and 2031 Women's World Cups, the first competition to be acquired in full by the streaming giant.FIFA unbundled the Women's World Cup media rights from the men's tournament for the first time. FOX has the rights to the 2026 World Cup, which will be co-hosted by the U.S., Canada, and Mexico.Netflix increasingly is broadcasting live events, including a recent Jake Paul-Mike Tyson boxing match. Netflix's (NFLX) push into ...
Here's Why Netflix (NFLX) is a Strong Momentum Stock
ZACKS· 2024-12-20 15:50
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zack ...
Netflix secures U.S. rights to the FIFA Women's World Cup in 2027, 2031
CNBC· 2024-12-20 15:43
Esther Gonzalez of Spain kisses the FIFA Women's World Cup Trophy after the team's victory in the FIFA Women's World Cup Australia & New Zealand 2023 Final match between Spain and England at Stadium Australia on August 20, 2023 in Sydney / Gadigal, Australia.Netflix on Friday announced it has secured exclusive rights in the U.S. to the FIFA Women's World Cup in 2027 and 2031.The announcement comes just days before Netflix will stream its first ever National League Football Christmas Day games. Adding the Wo ...
荷兰对美国奈飞公司处以475万欧元罚款
Zhong Guo Jing Ji Wang· 2024-12-19 02:51
Core Points - The Dutch Data Protection Authority has fined Netflix €4.75 million for failing to adequately inform customers about the handling of their personal data from 2018 to 2020 [1] - The investigation revealed that Netflix collected various personal data, including email addresses, phone numbers, payment information, and viewing habits, but did not clearly explain the specific uses of this data in its privacy statements [1] - When customers requested information about the personal data collected, Netflix provided insufficient details, violating the EU General Data Protection Regulation [1] - The chairman of the Dutch Data Protection Authority emphasized the need for companies like Netflix, which have millions of global customers, to clearly explain how they handle personal data, especially when customers inquire [1]
Dutch Authority Fines Netflix $4.95 Million for Alleged GDPR Violations
PYMNTS.com· 2024-12-18 20:16
The Dutch Data Protection Authority (Dutch DPA) fined Netflix 4.75 million euros (about $4.95 million), saying that between 2018 and 2020, the company did not give its customers enough information about what it does with their personal data.The regulator said Netflix violated the General Data Protection Regulation (GDPR) by not making the information in its privacy statement clear enough and by providing insufficient information to consumers who asked the company about the data it collects about them, accor ...