Netflix Inc CFO Says 'we're In Games For The Long Term,' With 70 Titles Released; It's Hard To See Return On Billions Of Dollars Of Investment In Live Sports
Portfolio Pulse from Benzinga Newsdesk
Netflix Inc's CFO has stated that the company is committed to the gaming industry for the long term, having already released 70 titles. However, he expressed concerns about the return on investment in live sports, which requires billions of dollars.
September 13, 2023 | 3:59 pm
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Netflix's long-term commitment to gaming could diversify its revenue streams and increase user engagement. However, concerns about the ROI in live sports could indicate hesitation in expanding into this area.
Netflix's commitment to gaming indicates a strategic move to diversify its offerings and potentially increase user engagement, which could positively impact its stock. However, the CFO's concerns about the ROI in live sports suggest that the company may be cautious about investing in this area, which could limit potential growth opportunities.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100