6 Netflix Analysts Size Up Earnings, Subscribers, WWE Deal: 'WWE Raw Changes The Game'
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) reported Q4 results, beating revenue estimates but missing EPS estimates, ending the year with 260.28 million subscribers. Analysts are generally positive, with upgrades and raised price targets. The WWE deal, starting in 2025, is seen as a game-changer for audience growth and ad revenue. Analysts highlight Netflix's ad-supported plan and paid sharing as growth drivers, despite some concerns over higher content costs and free cash flow impact.
January 24, 2024 | 4:36 pm
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POSITIVE IMPACT
Analysts are optimistic about Netflix's Q4 performance and future prospects, particularly with the WWE deal. Price targets have been raised, indicating a positive outlook for the stock.
The positive analyst ratings and raised price targets suggest a bullish sentiment for Netflix's stock in the short term. The WWE deal is expected to enhance subscriber engagement and ad revenue, which are key growth drivers for the company.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
TKO Group Holding's unit WWE announced a deal with Netflix, which is expected to boost Netflix's audience and ad revenue starting in 2025.
While the deal is with Netflix, TKO Group Holding, as the parent company of WWE, may see indirect benefits from the partnership through increased visibility and potential revenue growth for WWE.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70