Streetbeat News

NFLX

Netflix, Inc.

https://www.netflix.com

Industry

Entertainment

Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.

Open

832.04

Mkt cap

352B

Volume

3.6M

High

832.04

P/E Ratio

46.63

52-wk high

841.00

Low

816.49

Div yield

N/A

52-wk low

445.73

Piper Sandler's biannual survey shows that American teens spend 57.8% of their daily video viewing time on YouTube and Netflix, with YouTube leading at 29.1% and Netflix at 28.7%. YouTube's market share increased by 1% since spring, while Netflix's share dropped by 2.2%. Both platforms have raised subscription prices, which may have influenced these changes. The survey also noted a decline in time spent on cable TV, HBO Max, and Hulu, but an increase for Amazon Prime Video and Disney+.

Portfolio Pulse from Rounak Jain

November 15, 2023 | 12:42 pm

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of November 14, 2023, which includes TSLA, NVDA, QQQ, AAPL, DIS, PLTR, NFLX, WEN, MSFT, and PYPL.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:17 pm

Nvidia Corp. (NVDA) has seen a significant increase in its stock value, climbing over 200% in the past year and 240%+ in 2023, now holding a market cap of $1.194T. Despite its growth, Nvidia has not been included in Jim Cramer's tech stock tags FAANG or MAMAA. Charlie Bilello introduced 'The Enormous Eight', adding Microsoft, Nvidia, and Tesla to the FAANG group. There is speculation whether Cramer will update his acronym to include Nvidia due to its market performance.

Portfolio Pulse from Surbhi Jain

November 13, 2023 | 3:31 pm

Netflix Inc's stock (NFLX) has seen a significant rise following its Q3 earnings report, with a 16% increase post-announcement and a 28% rise since then. The stock faces resistance at the $500 mark and last year's high of $609. Despite a previous drop below the 200 daily simple moving average, the stock found support around the weekly 50 simple moving average. The positive earnings, driven by subscriber growth, have contributed to the stock's upward trend, with an 8% increase in November alone.

Portfolio Pulse from Zaheer Anwari

November 13, 2023 | 2:52 pm

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of November 13, 2023, which includes NVDA, TSLA, QQQ, JETS, AMD, TSN, NFLX, SF, AAPL, and AI.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 2:24 pm

Netflix Inc. (NASDAQ:NFLX) is expanding its mobile gaming catalog by adding the award-winning game 'Hades' in 2024. The game, developed by Supergiant Games, will debut exclusively on Netflix's mobile platform, initially only on iOS. Netflix's mobile game library has grown to over 63 titles since its launch in November 2021, indicating the company's ambition to capture a larger share of the gaming market.

Portfolio Pulse from Ananya Gairola

November 13, 2023 | 2:48 am

Verizon Communications Inc plans to offer ad-supported versions of Netflix Inc and Warner Bros Discovery Inc's Max streaming services for about $10 a month combined, down from $17. The move is timed with the holiday season. Netflix and Warner Bros will share revenue with Verizon, though financial terms are undisclosed. Verizon's Q3 sales declined 2.6% YoY to $33.34 billion, slightly beating consensus. Netflix shares are trading higher by 0.46% at $437.13.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 12:47 pm

In 2017, Google offered Netflix a discounted rate of 10% for in-app payments on Android, a deal that would have made Netflix a 'platform development partner'. However, Netflix declined the proposal, estimating a loss of nearly $250 million annually through Google Play Billing signups. This is not the first instance of tech giants offering significant discounts to major companies. In 2016, Apple offered Amazon a 50% discount on subscription revenues from its streaming video-on-demand app.

Portfolio Pulse from Ananya Gairola

November 10, 2023 | 10:13 am

Verizon Communications Inc. is reportedly partnering with Netflix Inc. and Warner Bros Discovery to launch a competitively priced streaming bundle. The bundle, which includes ad-supported versions of Netflix and Warner Bros Discovery’s Max streaming services, will be offered to Verizon customers for about $10 a month. The launch is expected in the coming weeks and involves a revenue-sharing agreement between the three companies.

Portfolio Pulse from Benzinga Neuro

November 10, 2023 | 7:48 am

The Walt Disney Company reported its fiscal Q4 results, topping profit estimates and revealing its commitment to purchase a 33% stake in Hulu from Comcast Corporation. The company also announced the appointment of a new CFO, PepsiCo veteran Hugh Johnston. Disney's results were boosted by the end of the SAG-AFTRA strike, a 5% rise in revenue to $21.24 billion, and a net income of $264 million. The company's streaming figures were stronger than expected, with Disney+ net additions rising by nearly 7 million from the previous quarter. Disney also raised its cost-cutting target to $7.5 billion and provided an outlook for its content spend for 2024 of $25 billion.

Portfolio Pulse from Upwallstreet

November 09, 2023 | 9:45 pm

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