2024-04-19 01:37:41 ET
Summary
- Netflix had a solid first quarter with revenue of $9.37 billion and an increase in paid members.
- The company's focus on generating advertising revenue has been successful, with ad membership growing by 65% in Q1.
- Despite positive performance, NFLX stock has become pricey and a movement toward opacity, leading to a downgrade to a 'hold' rating.
When it comes to streaming, probably no company is as well-known as pure play streaming giant Netflix ( NFLX ). The company offers the largest single streaming service on the planet and, despite fears to the contrary, it has, over the years, defied expectations and achieved rather remarkable growth. Some of this has even come at a time when the market was fearful that the streaming markets were saturated. And it's all a testament to good management, good branding, and high-quality content....
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Netflix's Season Finale As A Buy Prospect Was Impressive (Rating Downgrade)