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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 ...
Netflix's Path To $1,100 Gets A Boost With Rising Paid Members
Seeking Alpha· 2024-12-18 16:52
I recently joined The REIT Forum and if you are looking for more investment ideas like this one, get them exclusively at The REIT Forum with access to our subscriber only portfolios.Amrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund's objective is to invest capital in sustainable, growth-driven companies that maximize shareholder equity by meeting their growth-oriented goals. In addition, she also started her own award-winn ...
Dutch authorities fine Netflix 4.75 mn euros over personal data use
TechXplore· 2024-12-18 15:20
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Netflix said it was appealing against the decision. Dutch authorities fined video streaming giant Netflix 4.75 million euros ($4.98 million) Wednesday over its handling of subscribers' personal data, which it said was unclear or incomplete in several respects. Netflix said it had appealed against the fine, noting it had cooper ...
Netflix Stock: What's In Store For 2025?
Forbes· 2024-12-18 10:00
Netflix logo displayed on a phone screen is seen in this illustration photo taken in Poland on ... [+] December 15, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty Images Netflix stock has had a solid year, rising by almost 90% year-to-date, trading at about $920 per share currently. This compares to rival Disney, which has gained about 26% over the same period. Growth has been driven by Netflix’s crackdown on password sharing and the expansion of its advertising-supported stream ...
Netflix (NFLX) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2024-12-16 23:51
Group 1: Company Performance - Netflix's stock closed at $921.08, with a daily increase of +0.24%, underperforming the S&P 500's gain of 0.38% [1] - Over the past month, Netflix's stock has risen by 11.52%, outperforming the Consumer Discretionary sector's gain of 4.56% and the S&P 500's gain of 1.17% [1] - Analysts expect Netflix to report earnings of $4.20 per share on January 21, 2025, reflecting a year-over-year growth of 99.05% [2] - The projected quarterly revenue for Netflix is $10.15 billion, which represents a 14.9% increase from the previous year [2] - For the full year, earnings are projected at $19.78 per share and revenue at $38.9 billion, indicating growth of +64.42% and +15.36% respectively [3] Group 2: Analyst Estimates and Valuation - Recent adjustments to analyst estimates for Netflix indicate evolving short-term business trends, with positive revisions suggesting confidence in the company's performance [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Netflix at 3 (Hold), with a recent downward shift of 0.01% in the EPS estimate [5][6] - Netflix has a Forward P/E ratio of 46.46, significantly higher than the industry average of 9.5, indicating it is trading at a premium [7] - The company has a PEG ratio of 1.77, compared to the Broadcast Radio and Television industry's average PEG ratio of 0.79 [8] Group 3: Industry Context - The Broadcast Radio and Television industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 130, placing it in the bottom 49% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]
Netflix price target raised by analysts on live events growth potential
Proactiveinvestors NA· 2024-12-16 17:30
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The company delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
Netflix Stock Receives Big Price Target Raise on Live Events
Investopedia· 2024-12-16 17:05
Group 1 - Oppenheimer raised Netflix's price target to $1,065 from $825, the highest among analysts tracked by Visible Alpha, citing the benefits of live events [1][2] - The analysts maintained an "outperform" rating on Netflix, expecting positive commentary from upcoming NFL Christmas Day games to drive sentiment into Q4 earnings [1] - JPMorgan also increased its price target for Netflix to $1,010 from $850, highlighting the impact of programming such as the Jake Paul/Mike Tyson boxing match [2] Group 2 - Oppenheimer noted that Netflix is "the only investable mainstream media stock" due to weakening competition and low churn rates, which enhance content cost leverage [2] - Analysts pointed out potential for subscriber expansion beyond 500 million households globally, driven by Netflix's live event offerings [2] - Netflix shares reached an all-time high last week and have increased nearly 90% this year [2]
Netflix's Unyielding Dominance: How This Streaming Giant Continues to Outpace Competitors
The Motley Fool· 2024-12-14 00:00
Core Insights - The Motley Fool aims to make the world smarter, happier, and richer through its financial services [1] Company Overview - Founded in 1993, The Motley Fool is a financial services company [1] - The company reaches millions of people monthly through various channels including premium investing solutions, free guidance, market analysis, personal finance education, podcasts, and its non-profit foundation [1]
Netflix CEO Says Paul-Tyson Fight 'Really Phenomenal,' Strong Demand For NFL Game Advertising
Benzinga· 2024-12-13 21:16
Core Insights - Netflix experienced unprecedented demand for the live boxing match between Jake Paul and Mike Tyson, with 109 million viewers globally, indicating a significant interest in live sports events [1][3]. Group 1: Live Event Performance - The boxing match drew a Super Bowl-like audience, showcasing Netflix's potential in live sports [3]. - The company faced challenges with internet capacity, pushing ISPs to their limits, which led to buffering issues during the event [2]. - Netflix's control room in Silicon Valley was actively engaged in addressing these internet issues due to the high demand [2]. Group 2: Future Live Events - Netflix is preparing for two NFL games on Christmas Day, which may attract a larger audience due to the participation of the Kansas City Chiefs and a halftime performance by Beyoncé [4][5]. - The company aims to host more large-scale live events frequently, learning from the previous boxing match to minimize technical issues [6]. Group 3: Advertising and Subscriber Growth - Live sports events are seen as a strategy for Netflix to gain subscribers and diversify content, with a focus on increasing advertising revenue through ad-supported plans [7]. - The company acknowledged that it may have missed advertising revenue opportunities during the Paul-Tyson match due to underestimating the audience size [7][8]. - Netflix plans to start broadcasting WWE events in January, targeting a younger audience and aligning with its storytelling capabilities [8]. Group 4: Stock Performance - Netflix's stock is currently down 1% to $918.07, with a year-to-date increase of 96% in 2024, reflecting strong market performance despite recent challenges [9].
Netflix to Announce Fourth Quarter 2024 Financial Results
Prnewswire· 2024-12-13 17:00
Financial Results Announcement - Netflix, Inc. will release its fourth quarter 2024 financial results and business outlook on January 21, 2025, at approximately 1:00 p.m. Pacific Time [1] - A live video interview with co-CEOs and CFO will take place at 1:45 p.m. Pacific Time, where management will address questions from sell-side analysts [2] - The live earnings video interview will be available on the Netflix Investor Relations YouTube channel, with a recording accessible shortly after the session [3] Company Overview - Netflix is a leading entertainment service with 283 million paid memberships across over 190 countries, offering a wide variety of TV series, films, and games [4]