Core Insights - The NFL doubleheader on Christmas Day streamed by Netflix achieved record viewership, with the halftime show featuring Beyoncé peaking at over 27 million viewers, contributing to a total unduplicated audience of 65 million for the two games [1][2][6] - This event marked a significant milestone for Netflix, as it became the most streamed NFL games to date, surpassing previous records [6][12] - The NFL's Christmas Day games have consistently attracted large audiences, with the 2023 games averaging 28.7 million viewers across three broadcast networks last year, indicating a strong competitive landscape for viewership [3][10] Netflix's Performance - The first game, Kansas City Chiefs vs. Pittsburgh Steelers, averaged 24.1 million viewers, while the second game, Baltimore Ravens vs. Houston Texans, averaged 24.3 million viewers, both setting new streaming records [6][15] - Netflix's Christmas Day games dominated social media, with BeyonceBowl trending globally and Netflix occupying 10 of the top 12 trending topics on X in the U.S. [7] - The successful streaming of the NFL doubleheader contrasts with previous live events on Netflix, such as the boxing match between Mike Tyson and Jake Paul, which faced technical issues [8] NFL's Broader Context - NFL executive Hans Schroeder expressed excitement over the global reach of the games, with fans from all 50 states and over 200 countries tuning in [2] - The NFL has scheduled games on Christmas Day for five consecutive years, indicating a strategic move to capitalize on holiday viewership [14] - Prime Video's Thursday Night Football coverage is also performing well, averaging 13.3 million viewers, reflecting a growing trend in streaming sports content [9]

Core Insights - Netflix achieved record-breaking streaming viewership during its NFL Christmas Gameday, with an unduplicated audience of nearly 65 million U.S. viewers according to Nielsen [2][4] - The games featured significant matchups, including the Kansas City Chiefs vs. Pittsburgh Steelers and the Houston Texans vs. Baltimore Ravens, with the Chiefs winning 29-10 and the Ravens winning 31-2 [2] - The average viewership for each game exceeded 24 million, with the Chiefs-Steelers game averaging 24.1 million and the Ravens-Texans game averaging 24.3 million [3] - The NFL games streamed on Netflix were noted as the "most-streamed NFL games in U.S. history" [4] - Beyoncé's halftime performance peaked viewership at 27 million during the Ravens-Texans game, contributing significantly to the overall success of the event [5] - Netflix has a three-year deal with the NFL to stream two games annually on Christmas Gameday for $150 million per year [4] - The event also featured Mariah Carey during the pre-game show, enhancing the entertainment value [6] - Social media engagement was notable, with the hashtag BeyonceBowl trending at the No. 1 worldwide spot during her performance [9] - Global ratings and additional insights will be released on December 31, providing further details on the performance of the NFL Christmas Gameday [8]

Financial Performance - The company's third-quarter revenues grew 15% year over year, with operating margin expanding to 30% from 22% in the previous year, indicating successful monetization strategies [2] - Free cash flow for Q3 2024 reached $2.2 billion, up from $1.9 billion the previous year, with full-year guidance of $6.0-6.5 billion, showcasing strong cash generation capabilities [6] - The company has a total debt of $16 billion but a reduced net debt of $6.8 billion, reflecting prudent financial management [6] 2025 Outlook - For 2025, the company projects revenues of $43-44 billion, representing 11-13% growth from 2024's guidance of $38.9 billion, with a target operating margin of 28% [3] - The company plans to discontinue regular subscriber reporting from Q1 2025, focusing on engagement and profitability metrics instead of pure subscriber numbers [15] Strategic Initiatives - The company is expanding into sports entertainment with a 10-year, $5 billion deal with WWE, set to begin in January 2025, which includes exclusive streaming rights [14] - The content slate for 2025 includes anticipated returns of flagship series and notable films, indicating a robust content strategy [5] Competitive Landscape - The streaming landscape is evolving, with increasing competition in sports content, particularly from established players like Disney+ Hotstar and JioCinema in India [7] - The company's ability to maintain its leadership position will depend on the success of its sports entertainment strategy and execution [7] Stock Performance and Valuation - The company's stock surged 91.4% in 2024, outperforming the broader Zacks Consumer Discretionary sector and peers like Apple, Amazon, and Disney [11] - The forward 12-month sales multiple of 9.11 exceeds its five-year median of 6.62, indicating the stock may be trading at a premium to historical valuation [16]

Core Insights - Netflix's NFL games represent a significant live advertising opportunity, potentially enhancing monetization for its ad-supported subscription tier through 2025 [2] - The company's stock has surged 91% year-to-date, positioning it for its best performance since 2015 [3][11] - Netflix is projected to achieve $39 billion in revenue and $8.7 billion in net profit for 2024, marking increases of 15% and 60% from 2023, respectively [4] Financial Performance - Netflix's $150 million investment for NFL game rights follows successful ratings from previous Christmas games, which ranked among the top 20 broadcasts in the U.S. [5] - The company has outperformed traditional media and streaming services, achieving an annualized return of 36% over the past five years [7] - The stock's performance places Netflix as the 13th-best performing stock on the S&P 500, significantly outperforming competitors like Disney and Comcast [11] Market Positioning - Only 7% of NFL games this season are available exclusively via streaming, indicating a growing market for streaming services in live sports [6] - Netflix's entry into live sports broadcasting, including rights to the FIFA Women's World Cup and WWE's "Raw," highlights its strategic expansion into this sector [5][8]

Core Insights - In 1998, Netflix launched a DVD-by-mail rental service, marking a significant milestone in its business model [1] - Jeff Bezos, the founder and former CEO of Amazon, expressed interest in acquiring Netflix in the same year, offering between $14 million and $16 million [2] Company History - Netflix's inception as a DVD rental service laid the groundwork for its future growth and transformation into a streaming giant [1] - The decision to decline Bezos's acquisition offer is a pivotal moment in Netflix's history, showcasing the company's early vision and ambition [2]

Shares of Netflix Inc (NASDAQ:NFLX) are unchanged after KeyBanc Capital upped its price target to $1,000 from $785 and reiterated its "overweight" rating. The analyst in question is confident in the streaming giant's growth potential and ability to outperform on the S&P 500 (SPX) in 2025.The new price target represents a nearly 10% premium to Netflix stock's current perch of $915.31 and is just above its Dec. 11 all-time high of $941.75. The equity is up 87.7% since the start of 2024, and well on its way to ...

In the latest market close, Netflix (NFLX) reached $911.45, with a +0.26% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq added 0.98%.The the stock of internet video service has risen by 1.25% in the past month, leading the Consumer Discretionary sector's gain of 0.86% and the S&P 500's gain of 0.34%.The investment community will be closely monitoring the performance of Netf ...

Streaming giant Netflix Inc NFLX landed the U.S. media rights to the 2027 and 2031 Women's World Cup adding to its recent push into live sports, set to be front and center with two NFL games on Christmas Day.What Happened: For years, Netflix has been a streaming platform for sports documentaries that avoided live sporting content.In recent years, the company dipped its toes in live content with comedy specials, a roast of Tom Brady and some one-off sporting events. Things escalated in 2024 with the live box ...

Key TakeawaysFIFA has granted Netflix the exclusive U.S. broadcasting rights for the 2027 and 2031 Women's World Cups, the first competition to be acquired in full by the streaming giant.FIFA unbundled the Women's World Cup media rights from the men's tournament for the first time. FOX has the rights to the 2026 World Cup, which will be co-hosted by the U.S., Canada, and Mexico.Netflix increasingly is broadcasting live events, including a recent Jake Paul-Mike Tyson boxing match. Netflix's (NFLX) push into ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zack ...