Netflix CFO Says Advertising, A Future Growth Of Average Revenue Per Member, Is 'Not That Material Yet'
Portfolio Pulse from Benzinga Newsdesk
Netflix's CFO has stated that advertising, a potential future growth area for average revenue per member, is not yet a significant factor. This suggests that the company is not heavily relying on advertising revenue at this stage.
September 13, 2023 | 3:41 pm
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Netflix's CFO's statement suggests that the company is not heavily relying on advertising revenue at this stage, which could impact investor expectations about the company's revenue diversification and growth strategies.
The statement from Netflix's CFO indicates that advertising is not yet a significant revenue stream for the company. This could impact investor expectations about the company's revenue diversification and growth strategies. However, it's unclear how this will affect the company's stock price in the short term, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100