Netflix continues to extend its lead as the world's largest streaming platform.The S&P 500 is up 22% this year, which is more than twice its average annual return since it was established in 1957. The index continues to set new record highs, cementing the bull market that began in October 2022.The technology sector is leading the broader market higher, and it isn't just artificial intelligence stocks. Shares of streaming giant Netflix (NFLX -1.96%) are up a whopping 54% year to date, thanks to a string of b ...

Core Viewpoint - Netflix has demonstrated a remarkable turnaround in growth and profitability, with significant increases in revenue and subscriber count, leading to all-time high stock prices [1][3][4]. Financial Performance - In Q3 2024, Netflix reported a 15% year-over-year revenue increase, nearly double the growth rate from the same quarter in 2023 [1]. - The company achieved an operating margin of 30% in Q3 2024, up from 22% in the prior-year period, indicating improved profitability [4]. - Free cash flow per share reached an all-time high, showcasing the company's financial strength [4][5]. Subscriber Growth - Since hitting a low in 2022, Netflix has gained over 60 million net subscribers, bringing the total to nearly 283 million worldwide [2]. - The company implemented measures such as restricting password sharing and introducing a lower-priced ad-supported subscription tier to stimulate subscriber growth [2]. Future Outlook - Management projects a continued revenue growth rate of 15% for Q4 2024 and between 11% and 13% for fiscal 2025 [3][4]. - Netflix's advertising platform, still in its early stages, is expected to enhance revenue growth beyond 2025 as monetization rates improve [6]. Valuation - Despite a rising price-to-sales (P/S) ratio nearing 9, the company's growth potential supports its valuation [5]. - The stock's current high price does not diminish the impressive profitability and future growth prospects driven by advertising [6].

Stranger ThingsNetflixNetflix seems to want to continue to make inroads into gaming, offering dozens of decently good mobile-focused titles on its service. But it wanted more, which is why it formed an internal studio (codename Blue) that was meant to make a AAA multiplatform game based on an original IP.Now, as reported by GameFile’s Stephen Totilo, that has been shut down despite its big plans and all-star list of recruited talent. Among those that were hired: Overwatch Executive Producer Chacko Sonny Hal ...

Netflix (NASDAQ: NFLX) is witnessing a surge in insider selling activity, with several top executives offloading significant portions of their holdings. According to an SEC filing, Co-CEO Gregory K. Peters sold 4,186 shares of Netflix common stock on October 18, 2024, as part of a pre-established Rule 10b5-1 trading plan, which he adopted on July 26, 2023. Peters executed this transaction for $750 per share, resulting in proceeds of approximately $3.14 million. Prior to the sale, Peters exercised stock opti ...

Netflix (NASDAQ: NFLX ) experienced a strong q3'24 with 15% top-line growth paired with a significant improvement to its operating margin, reaching 30% in the quarter. With q4'24 being a major, pivotal quarter for the firm, I have reason to believe thatMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, In ...

Despite continued optimism among top management about the potential of video games, Netflix is shuttering its AAA game studio in Southern California. The move, first reported by GameFile, was confirmed to Deadline by a source familiar with the closure. AAA is one of a handful of small studios put under the corporate umbrella by Netflix over the past couple of years. It had yet to produce any titles by the time it was shuttered. A Netflix rep declined to comment when contacted by Deadline. The company has m ...

Netflix today closed one of its internal game studios, one which was poised to release a triple-A title, before it was able to produce anything. The studio was called Team Blue, founded in 2022 and based on Los Angeles, and was allegedly working on a PC game. As a result of this studio closure, the company has also lost the talent it very publicly hired, and has also reportedly made other layoffs in its games division.Game File reported the closure, saying that Team Blue was working on a “big-budget multi-d ...

With Netflix (NASDAQ: NFLX) recently hitting a record high following its strong Q3 2024 earnings report, an investment firm has projected that the stock is on track to breach the $840 mark by the end of 2024.This upward momentum is largely driven by the company’s strategic focus on expanding its core movie and TV offerings, alongside efforts in gaming and improving its advertising strategy. The streaming giant’s stock surged to a record close of just over $772 on October 21, 2024, marking a 34% gain over th ...

Netflix (NASDAQ: NFLX ) just broke out to new all-time highs, and it appears that shares may continue to ascend the chart on the strength of the company's subscriber and profit growth. Further, Netflix has proven that its adZvi provides advisory services to companies, trusts, and individuals, including consulting expert services regarding retirement and estate planning. Zvi is admitted to practice law in the state of New York, where he offers cash management, Bitcoin, and Trust Protector services. Zvi is al ...

The company is abandoning one important metrics it gives to investors.Netflix (NFLX 1.07%) has done it again. The video-streaming giant just reported strong Q3 earnings that sent its stock soaring more than 10% to all-time highs. The company is gaining subscribers while adding more arrows to its quiver, including gaming, advertising, and live events.Earnings are important, and investors will keep focusing hard on revenue and profit as long as Netflix is a publicly traded company. However, Netflix will be ma ...