NFLX - Netflix Embraces Outlier Approach As It Looks To Build Off Strong Earnings
2024-01-26 07:30:00 ET
Summary
- It’s been a busy week for Netflix, with the exit of a top executive and the addition of the WWE brand - on top of its latest earnings report.
- While Netflix’s earnings came in stronger than expected, the departure of film head Scott Stuber and its WWE deal has been an equally big topic of interest.
- Stuber leaving is rumored to be partially tied to Netflix’s continued reliance on the day/date approach vs. windowing, the latter of which has worked well for its rivals.
- With WWE the deal moves Netflix further into the sports realm it had resisted for years, but instead of going full-tilt into mainstream, they're specializing in niche content.
- Netflix has always thrived as a disruptor and they continue to embrace outlier content/approaches. But they also have to pay attention to the marketplace to ensure negative history doesn’t repeat.
The more things change the more they stay the same.
It's not the first time I've used that to open a piece about Netflix (NFLX) and it looks like it won't be the last either. The streaming leader continues to take giant steps forward yet remain tethered to one of their original core ideas.
They are consistent, I'll give them that.
So how is it possible to keep making major advances while still being stuck in the same place? And will this charmed run continue into the future?...
Netflix Embraces Outlier Approach As It Looks To Build Off Strong Earnings