Can Netflix ace live sports coverage? Here's what you need to know about the lessons learned in last Friday's flawed attempt.Media-streaming pioneer Netflix (NFLX -1.59%) tried its hand at live sports coverage last Friday. The company learned some hard lessons from an event pitting boxing legend Mike Tyson against YouTuber and rising ring warrior Jake Paul. After a night plagued by video buffering and the occasional outage, this event raised questions about Netflix's upcoming live sports coverage. When Netf ...

IRVING, TEXAS - NOVEMBER 14: Jake Paul gets on scale during Weigh-In at the Toyota Music Factory in ... [+] Irving, Texas on November 14, 2024 ahead of his match with Mike Tyson for heavyweight world titles of the Premiere Boxing Championship which will be on November 15 Friday night at AT&T Stadium in Arlington, Texas, United States. (Photo by Tayfun Coskun/Anadolu via Getty Images)Anadolu via Getty ImagesNetflix stock has had a solid year, rising by almost 72% in year-to-date trading. The company successf ...

Investment Rating - Target price of $823.00, with a Hold rating [8][10] Core Viewpoints - Netflix's business model benefits from a two-sided network effect, creating a virtuous cycle between high-quality content and a large user base [1] - Despite competition from tech giants like Apple, Amazon, and Disney, Netflix maintains a leading position in terms of return on investment and profitability [1] - User engagement metrics remain strong, with an average daily usage time of 2 hours per paying user [1] - The ad-supported subscription plan is highly attractive, with ad revenue expected to become a more significant income source by 2026 [1] - Revenue CAGR is projected at 15% from 2023 to 2026, with EPS CAGR at 32% [1] Financial Performance Summary 2024Q3 Performance - Revenue increased by 15% YoY to $9.825 billion, exceeding the company's guidance of 14% [1] - Net subscriber additions reached 5.07 million, bringing the total global user base to 283 million, a 14% YoY increase [1] - Operating margin rose by 7.2 percentage points to 29.6%, surpassing the guidance of 28.1% [1] - Diluted EPS was $5.40, higher than the guidance of $5.10 [1] - The company repurchased 2.6 million shares for $1.7 billion, with $3.1 billion remaining in the current buyback program [1] - Ad-supported user base grew by 35% QoQ, with over 50% of new users in ad-supported regions [1] 2024Q4 Guidance - Revenue is expected to grow by 15% YoY to $10.128 billion, with user growth exceeding 5.07 million [1] - Operating margin is projected at 21.6%, with diluted EPS of $4.23 [1] 2024 and 2025 Guidance - 2024 revenue is expected to grow by 14-15%, with an operating margin of 27% [1] - Free cash flow is projected to be between $6.0-6.5 billion [1] - 2025 revenue is expected to grow by 11-13%, with an operating margin of 28% [1] Valuation and Financial Metrics - DCF valuation assumes a WACC of 9.0% and a long-term growth rate of 3.0%, resulting in a target price of $823.00 [8][10] - Current price implies P/E multiples of 41x, 34x, and 29x for 2024, 2025, and 2026, respectively [8] Regional Performance - North America: Revenue grew by 16% YoY, driven by a 10% increase in members and a 5% rise in ARPU [4] - EMEA: Revenue grew by 16% YoY, primarily driven by new user additions [4] - APAC: Revenue grew by 19% YoY [4] - LATAM: Revenue grew by 9% YoY, with negative net user additions in Q3 but recovery expected in Q4 [4] Ad-Supported Business - Ad-supported monthly active users reached 70 million globally [1] - Ad sales contracts grew by over 150% YoY [4] - Netflix's proprietary ad tech platform is set to launch in Canada in Q4 2024 [4]

Netflix is hitting new highs this week. The good times don't have to end.Netflix (NFLX 0.82%) hit another all-time high on Tuesday. Shares of the world's leading premium streaming service have soared 68% in 2024. The stock has nearly tripled since the start of last year.Investors aren't complaining, obviously. However, it's not as if Netflix's subscriber base or revenue has soared 178% since the start of 2023. The shares may seem to be outrunning the fundamentals, but let's reset the starting line. The stoc ...

For Immediate ReleasesChicago, IL – November 13, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including Netflix, Inc. (NFLX) , Salesforce, Inc. (CRM) and Cisco Systems, Inc. (CSCO) and BK Technologies Corp. (BKTI) . Here are highlights from Wednesday’s Analyst Blog:Top Stock Reports for Netflix, Salesforce and ...

For Immediate ReleasesChicago, IL – November 13, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including The Walt Disney Company (DIS) , Amazon (AMZN) , Netflix (NFLX) and Comcast (CMCSA) . Here are highlights from Wednesday’s Analyst Blog:To Buy Or Not To Buy: Disney Ahead of Q4 EarningsThe Walt Disney Company ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

People wait in a line to enter "The Lab," a "Stranger Things" Netflix series experience in Madrid on June 2, 2022.Netflix's cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched.The company said Tuesday more than 50% of its new sign-ups are for ad-supported plans in countries that offer the option. Netflix said it continues "to see positive momentum and growth across all areas of the business," adding it has seen "steady progress across all countries' ...

Netflix (NFLX) shares have appreciated 63.3% year to date (YTD), outperforming the broader Zacks Consumer Discretionary sector’s appreciation of 8.6%. It has also outperformed the Zacks Broadcast Radio and Television industry’s appreciation of 37.3% year to date. NFLX shares’ outperformance can be attributed to its growing subscriber base, driven by expanding local and international content offerings and increasing engagement levels. The company had 282.72 million paid subscribers across 190 countries globa ...

One of my favorite things to do is to watch great movies and outstanding shows. My all-time favorites include all seasons of The Wire, as well as the first seasons of True Detective and Fargo. In theMy primary area of concentration will be on identifying companies of exceptional caliber, with a proven ability to reinvest capital for impressive returns. Targeting those with a market capitalization of less than $10 billion, affords ample opportunities for growth. The ideal scenario is for these companies to d ...