Joining us live now from the Future of Global Markets conference in downtown Manhattan Avenue Capital, co-founder and CEO Marc Lasry, alongside Bloomberg Open Interest co-host Danny Berger. Danny, take it away. Katie, thank you so much.That's right. I am here with Avenue Capital's Mark Lasry. Mark, thank you so much for joining.My pleasure. First of all, congratulations. You've made the announcement.You closed your $1 billion sports investing fund. I think there's a lot of excitement around it. So now with ...

The intersection of live sports + prediction markets is fascinating.In a close game, you can essentially scalp trade the live scores over and over and over.Dallas got up to 40c and Phi to 60c once Dallas scored their 2nd touchdown to take a 7pt lead in the 1st quarter.After PHI scored again, their prices shot back up toward 75c.I know 10c may not seem like a lot, but this was an opportunity to watch the game and make a trade just off the live scores alone.This market has 3 MILLION dollars of volume on it, a ...

Growth & Strategy - Netflix exceeded forecasts by leveraging live sports, events, and AI [1]

Group 1 - Netflix is expected to announce Q2 2025 earnings on July 17, 2025, with revenues projected at approximately $11 billion, a 15% increase year-over-year, and earnings projected at $7.06 per share, up from $4.88 last year [2] - The revenue growth is attributed to recent price hikes and increasing advertising revenue, with the standard HD plan price raised by $2.50 to $18 per month and the Premium plan increased to $25 per month [2] - Netflix's advertising technology enhancements, including the launch of an in-house ad tech platform in the U.S. in April, are expected to improve ad capabilities and pricing realizations [2] Group 2 - Content costs for Netflix are anticipated to rise this year, as the company expands into live sports, which may lead to higher production and licensing expenses [3] - Netflix's current market capitalization stands at $551 billion, with total revenue over the last twelve months at $40 billion, operating profits at $11 billion, and net income at $9.3 billion [4] Group 3 - Historical data shows that Netflix has had 19 earnings data points in the past five years, with 42% resulting in positive one-day returns, which increases to 64% over the past three years [5] - The median of the positive one-day returns is 11%, while the median of the negative returns is -6.9% [5] Group 4 - A strategy to examine the correlation between short-term and medium-term returns after earnings can be beneficial, particularly if the 1D and 5D returns exhibit high correlation [6]