ZACKSยท2025-06-11 16:01Group 1: Streaming Industry Overview - The streaming space has become highly competitive with major players like Netflix, Disney, and Amazon vying for viewer attention [1][2][7] - Warner Bros. Discovery (WBD) announced plans to separate its streaming services from its TV networks, aiming for sharper focus and strategic flexibility [2][18] - WBD shares have underperformed compared to Netflix but have outperformed the S&P 500 [2] Group 2: Netflix Performance - Netflix has seen a significant stock surge of 85% over the past year, supported by strong financial results and reaffirmation of FY25 guidance [4][5] - The company is projected to achieve 28% EPS growth and 14% higher sales in the current fiscal year [5] - Netflix has maintained subscriber growth, reporting only one quarter of negative growth in the last 12 quarters, and successfully implemented ad-supported tiers [9][10] Group 3: Warner Bros. Discovery (WBD) Performance - WBD's streaming segment reported strong subscriber growth, reaching 122.3 million subscribers, up from 99.7 million the previous year [14] - The majority of subscriber growth came from international markets, with a goal of reaching 150 million global subscribers by the end of 2026 [15]