Core Viewpoint - Netflix is expected to report its first-quarter 2024 results on April 17, with strong performance anticipated based on its fundamentals and market trends [1] Company Performance - Netflix shares have increased approximately 10% year-to-date, outperforming the broader industry and the S&P 500, which have declined by 6.1% and 8.4% respectively [1] - The company is projected to achieve earnings growth of 8.7% and revenue growth of 12.5% for the upcoming quarter, with expected revenues of $10.42 billion and earnings per share of $5.58 [5][9] - Netflix has surpassed 300 million global users, marking a 16% year-over-year increase [9] Analyst Sentiment - Analysts maintain a bullish outlook on Netflix, with an average brokerage recommendation of 1.66 from 43 firms, where 28 recommend Strong Buy [6] - The average price target for Netflix is $1,074.53, with a range from $800.00 to $1,494.00 [6] - JP Morgan and Morgan Stanley have highlighted Netflix's resilience in the streaming market, with JP Morgan calling it the "most resilient" company [7] Future Outlook - Netflix aims to reach a market capitalization of $1 trillion by the end of the decade, up from approximately $419.2 billion currently [10] - The company plans to double its annual revenues from $39 billion to $80 billion, focusing on subscriber expansion and international markets [10][11] - Netflix forecasts global advertising revenues to grow to $9 billion by 2030 [10] Valuation Metrics - Netflix's current P/E ratio stands at 38.00, significantly higher than the industry average of 11.41, but it has a strong Growth Score of B, indicating potential for further growth [12] ETFs in Focus - Several ETFs with significant allocations to Netflix include MicroSectors FANG+ ETN, Invesco Next Gen Media and Gaming ETF, and First Trust Dow Jones Internet Index Fund, highlighting the company's influence in the investment landscape [3][13][15][17]