Netflix CFO Says Ads Will Become A "Meaningful Contributor" To Revenue By 2026
Portfolio Pulse from Benzinga Newsdesk
Netflix CFO stated that advertisements will become a significant revenue contributor by 2026 during an investor call.
July 18, 2024 | 9:02 pm
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Netflix CFO announced that advertisements are expected to become a meaningful contributor to the company's revenue by 2026. This indicates a strategic shift towards ad-supported content, which could attract new subscribers and increase revenue streams.
The announcement suggests a strategic move towards ad-supported content, which could attract a broader audience and diversify revenue streams. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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