Netflix's NFL Games Through 2026 Set To Drive Explosive Subscriber, Ad Revenue Growth, Says Analyst
Portfolio Pulse from Surbhi Jain
Netflix has acquired rights to stream NFL games on Christmas Day from 2024 to 2026, which is expected to boost its subscriber base and ad revenue. JPMorgan analyst Doug Anmuth reiterates an Overweight rating on Netflix with a price target of $650, citing the company's strategic moves in ad tech and content diversification.
May 16, 2024 | 1:05 pm
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Netflix's acquisition of NFL Christmas Day game rights from 2024 to 2026 is expected to significantly boost its subscriber base and ad revenue. JPMorgan analyst Doug Anmuth reiterates an Overweight rating with a price target of $650, highlighting the company's strategic moves in ad tech and content diversification.
The acquisition of NFL game rights is a significant content addition that is likely to attract a large audience, driving both subscriber growth and ad revenue. The positive analyst rating and price target further support a bullish outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100