SUBZ - Netflix looks to extend hot run as content slate accelerates
Netflix (NFLX -0.3%) is cooling off just a bit after a run yesterday to a new high of $640.39 with a notable +5% pop. The content story is still fully in play at Netflix, with Cowen being the latest firm to run a survey showing customers still rate the streamer's content slate high. Cowen analyst John Blackledge thinks engagement is picking up for Netflix (NASDAQ:NFLX) and the churn rate could turn lower due to the rush of new content after a pandemic lull. Under the radar a bit, Netflix (NFLX) is still looking to build out a video games business. Roundhill Investments thinks NFLX may seek to make a splashy acquisition on a AAA publisher with a large, well-reviewed back catalog like Ubisoft. "2020 was Netflix’s first cash-flow positive year since 2014, when the company started to spend significantly on original programming, and it will be interesting to see how aggressively
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Netflix looks to extend hot run as content slate accelerates