Netflix

By Philip van Doorn Warner Bros. Discovery is very cheaply priced to expected sales over the next year Netflix Inc. has been firing on all cylinders, but analysts see little upside for the stock from here. That sets the stage for a screen of media companies, to see which ones are favored by analysts and which are expected to increase sales and profits most rapidly over the next two years. Shares of Netflix Inc. (NFLX) rose 11% on Wednesday, following the video-streaming pioneer’s report late Tuesday of a spike in quarterly profits from a year earlier, as revenue rose 12.5%. That last figure showed the effect of newer advertising-supported subscriptions, as well as what the company calls “monetizing sharing.” Netflix took a flexible approach to curb password sharing, including giving users the ability to add family members to their accounts for less than it would cost to add another subscription. […]

By Therese Poletti Netflix Inc.’s growing advertising business is proving that the streaming company’s bet that its customers would tolerate commercials in exchange for a cheaper price is paying off, and Wall Street should win as well. In November 2022, Netflix launched ad-supported subscription tiers, a complete about-face on its longstanding policy to never have commercials on its service. Some were skeptical that this move, which harkens back to broadcast TV, would work. But Netflix is proving those naysayers, including this columnist, wrong. In a livestreamed call after reporting fourth-quarter earnings Tuesday, Netflix (NFLX) executives said that they saw 70% growth in advertising in the quarter, with 23 million average users (MAUs), a gain of about 8 million from the previous quarter. Executives told Wall Street analysts that the ad-supported tier now accounts for 40% of all Netflix sign-ups. “And we see that continuing to grow in the quarters ahead,”

Netflix — NFLX-Nasdaq Outperform — Price $490.20 on Jan. 23 by Evercore We reiterate our Outperform on Netflix and raise our price target to $600 from $500 in the wake of fourth-quarter earnings-per-share results that were materially better than high expectations. There were several key positives — much stronger than expected fourth-quarter subscription additions (13 million, the second highest ever for Netflix, after the March 2020 Covid quarter); a record-high fourth-quarter 17% operating margin; and free cash flow that came in materially higher than expected. The first-quarter subscription outlook commentary was very vague, but the outlook for accelerating revenue growth wasn’t — 13% in the fourth quarter to 16% in the first quarter to “healthy double-digit revenue growth” for the full year. We attribute the very strong top-line performance to several factors: 1) a reasonably strong content slate across film and TV, 2) increased contribution from SAVOD [subscription and ad-supported

Netflix, Inc. (NASDAQ: NFLX) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/26/2024 -0.83% Citigroup $500 → $555 Maintains Neutral 01/25/2024 0.96% Goldman Sachs $500 → $565 Maintains Neutral 01/25/2024 7.22% DZ Bank → $600 Upgrades Hold → Buy 01/24/2024 -15.12% Barclays $375 → $475 Maintains Equal-Weight 01/24/2024 7.22% Morgan Stanley $550 → $600 Maintains Overweight 01/24/2024 0.96% Goldman Sachs $500 → $565 Maintains Neutral 01/24/2024 14.01% BMO Capital $566 → $638 Maintains Outperform 01/24/2024 16.15% Wells Fargo $460 → $650 Maintains Overweight 01/24/2024 1.85% UBS $560 → $570 Maintains Buy 01/24/2024 -1.72% Piper Sandler $475 → $550 Maintains Neutral 01/24/2024 6.32% Macquarie $410 → $595 Upgrades Neutral → Outperform 01/24/2024 9.9% Wedbush $525 → $615 Maintains Outperform 01/24/2024 -6.19% Deutsche Bank $460 → $525 Downgrades Buy → Hold 01/24/2024 3.64% Keybanc $545 → $580 Maintains Overweight 01/19/2024 -24.06% Benchmark $350 →

Citigroup analyst Jason Bazinet maintains Netflix (NASDAQ:NFLX) with a Neutral and raises the price target from $500 to $555.

Netflix Inc.’s (NASDAQ:NFLX) co-CEO, Greg Peters, has downplayed the significance of Apple Inc.’s (NASDAQ:AAPL) Vision Pro market, describing it as too small to warrant an investment at this point. What Happened: In an interview with Stratechery, Peters stated that the market for the Apple Vision Pro isn’t large enough to yield a return on the resources required to develop an app. According to Peters, “We have to be careful about making sure that we’re not investing in places that are not really yielding a return, and I would say we’ll see where things go with Vision Pro.” This follows reports that Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube and Spotify Inc. (NYSE:SPOT) along with Netflix had decided not to launch apps for the device.

Netflix (NFLX) sees the Europe, Middle East, and Africa region as a lynchpin for ongoing revenue expansion, with the streaming service expressing that view as its shares soared on a robust fourth-quarter revenue performance. Efforts to boost paid-sharing accounts bolstered sign-ups, Chief Financial Officer Spencer Neumann said on the company’s conference call, according to a Capital IQ transcript. Netflix added 5.05 million paid subscribers in EMEA during the fourth quarter, higher than in other regions. Revenue in the region jumped almost 19% to $2.78 billion in the quarter and was up 13% on a currency-neutral basis, Neumann said. “It starts with great slate performance,” Neumann said. He cited shows like the UK royal family drama ‘The Crown,’ French thriller ‘Lupin’ and Polish comedy ‘1670’. “I’ll say, very importantly, it’s not just net adds,” he added. “Our primary focus is on revenue growth. We had very strong revenue growth as a

Netflix’s (NFLX) Q4 results and projections for 2024 indicate the entertainment and streaming company is “outperforming our more bullish expectations,” Morgan Stanley said Wednesday in a report. The company added 13.1 million new subscribers in Q4, showcasing a healthy growth runway Morgan Stanley said. Morgan Stanley expects Netflix to increase its free cash flow by 60% from 2024 to 2026. The company will continue to benefit from net additions from paid sharing in the next few quarters, and in the long term, paid sharing will expand Netflix’s total addressable market by 20%, the report said. Advertising and gaming revenue probably won’t contribute much to growth in 2024, Morgan Stanley said. Morgan Stanley raised Netflix’s share price target to $600 from $550 and reiterated the stock’s overweight rating. Netflix shares jumped 12% in recent Wednesday trading.

Netflix Plans to Broaden Offering, Including Through Live Events, Gaming and Sports-Adjacent Content.

Netflix: ‘ We Expect Healthy Double Digit Revenue Growth for the Full Year 2024 on a F/X Neutral Basis Driven by Continued Membership Growth as Well as Improvement in F/X Neutral ARM as We Adjust Prices’

Streaming giant Netflix Inc (NASDAQ:NFLX) reported fourt- quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Netflix reported fourth-quarter revenue of $8.83 billion, which was up 12.5% year-over-year. The total came in ahead of a Street consensus estimate of $8.72 billion, according to data from Benzinga Pro. The company reported fourth-quarter earnings per share of $2.11, which missed a Street consensus estimate of $2.21. Netflix ended the fourth quarter with 260.28 million global paid members, which was up 12.8% year-over-year. The company added 13.12 million net paid subscribers in the fourth quarter. What’s Next: The company said it will continue to invest and build out its ad-supported platform, which it said is not a “primary driver” of revenue growth as of now. “Our aim is to make ads a more substantial revenue stream that contribute to sustained, healthy revenue growth in 2025 and beyond.” The company is forecasting

+12.35% The following is a summary of the Netflix, Inc. (NFLX) Q4 2023 Earnings Call Transcript: Financial Performance: Netflix reported a 70% quarter-on-quarter growth in its ads business over the last three quarters, totaling 23 million MAUs, with plans for continued growth. Cash balance over $7 billion at the end of 2023 with a projected $6 billion build in cash flow for 2024. Plans to increase content spend to as much as $17 billion, maintaining healthy revenue growth and growing profit and profit margins. Netflix expects healthy double-digit FX-neutral revenue growth for 2024, powered by member growth and full-year impact of 2023 net adds. Achieved 13% FX-neutral revenue growth in Q4 in the EMEA region. The company plans to return excess cash to shareholders via buybacks. Business Progress: Integration of pay sharing product has been successful and is expected to drive growth going forward. It’s venturing into different segments with