PARA - Netflix Demonstrates Why It Is The King Of Streaming In FQ4'23

2024-01-30 09:00:00 ET

Summary

• NFLX's streaming prospects remain robust as the macroeconomic outlook improves, supported by a strong labor market and increasing discretionary spending.
• It continues to dominate the streaming market, with a consistently growing loyal membership base and stable average revenue per member, contributing to its stellar operating income margins.
• The shift in ad spending from linear TV to online streaming is expected to continue, with NFLX benefiting from the trend as the clear leader in the industry.
• However, with the stock already trading way above its fair value, readers may want to wait for a moderate retracement before adding this long-term winner in their growth portfolios.

We previously covered Netflix, Inc. (NFLX) in October 2023, discussing how the management had steadily delivered profitable growth while offering optimistic forward guidance through FY2024....

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