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Netflix

Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 280 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

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Fuga de datos de Disney expone información delicada, ingresos de transmisión y parques

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Insiders venden acciones en Crocs, Netflix, Brown &amp; Brown, y Sirius XM tras la subida del Nasdaq 100. ¿Señal de alerta?

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Netflix Inc

On Tuesday, Marvel Rivals posted on X (formerly Twitter) that it has hit 20 million players in less than 2 weeks after launch.
Marvel Rivals&nbsp;is a superhero team-based player versus player (PVP) shooter developed by Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Marvel Games and NetEase Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) NetEase Games in the Marvel Universe.
On December 9, the video game company said it reached <a href="https://www.benzinga.com/general/gaming/24/12/42397858/marvel-rivals-stuns-with-10-million-players-in-first-weekend" target="_blank" rel="noreferrer noopener">10 million players</a> globally following its launch on PC, PlayStation 5, and Xbox Series X/S.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f496; We are thrilled to announce that 20 million players have joined Marvel Rivals! Our gratitude for each of you is immense! &#x1f970;The spray is ready now, and we also included this number in the spray! Thank you for helping us achieve this milestone. &#x23f2;&#xFE0F;Log in from December 20th,… <a href="https://t.co/tr0k6NYZ95">pic.twitter.com/tr0k6NYZ95</a>
&mdash; Marvel Rivals (@MarvelRivals) <a href="https://twitter.com/MarvelRivals/status/1869080172814848471?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41841647/sonys-q2-profit-surges-on-gaming-and-sensor-gains-but-ps5-sales-decline-raises-full-year-outlook" rel="noreferrer noopener">Sony's Q2 Profit Surges on Gaming And Sensor Gains, But PS5 Sales Decline, Raises Full-Year Outlook</a>
The game features Marvel Cinematic Universe (MCU) heroes like Iron Man, Hulk, and Scarlet Witch, alongside comic book favorites like Cloak and Dagger, Iron Fist, and Squirrel Girl.
On December 6, Marvel Rivals <a target="_blank" href="https://www.benzinga.com/24/12/42366954/neteases-marvel-rivals-launches-with-444000-players-on-steam" rel="noreferrer noopener">debuted on Steam</a> with 444K players featuring heroes like Iron Man and Wolverine.
The success of the games bears testimony to the popularity of the Marvel superheroes. Disney acquired Marvel in 2009 <a target="_blank" href="https://www.benzinga.com/news/24/08/40157189/deadpool-wolverine-grosses-824m-globally-disney-hits-3b-milestone-report" rel="noreferrer noopener">for $4 billion</a>.
Marvel Studios emerged as the highest-grossing film franchise of all time, crossing the $30 billion mark at the <a target="_blank" href="https://thewaltdisneycompany.com/marvel-studios-30-billion-box-office/" rel="noreferrer noopener">global box office</a> as of July 2024, backed by the massive successes of Avengers: Endgame,&nbsp;Black Panther, Iron Man, and Deadpool &amp; Wolverine.
<a target="_blank" href="https://www.boxofficemojo.com/year/world/?ref_=bo_nb_in_tab" rel="noreferrer noopener">According to</a> Box Office Mojo, Marvel Studios' Deadpool &amp; Wolverine became the second-highest-grossing movie of 2024 ($1.34 billion), trailing only "Inside Out 2" ($1.7 billion).
The popularity of video games prompted Walt Disney and&nbsp;Netflix Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) to tap&nbsp;the sector's<a target="_blank" href="https://www.benzinga.com/general/gaming/24/09/40802898/netflix-games-hit-210m-downloads-which-game-took-the-no-1-spot" rel="noreferrer noopener"> frenzy</a>.
Walt Disney reported <a target="_blank" href="https://www.benzinga.com/24/11/41971559/disneys-q4-boosted-by-streaming-gains-strong-box-office-and-solid-parks-performance" rel="noreferrer noopener">fiscal fourth-quarter&nbsp;2024</a> revenue growth of 6% to $22.57 billion, beating the&nbsp;consensus estimate of $22.35 billion. Adjusted EPS of $1.14 beat the&nbsp;analyst consensus of $1.10. The stock surged 25% year-to-date.
NetEase reported a <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41966622/netease-q3-earnings-top-forecasts-as-cloud-music-grows-gaming-weakens" rel="noreferrer noopener">fiscal third-quarter</a> revenue decline of 3.9% to $3.73 billion, topping the&nbsp;consensus estimate of $3.65 billion. The adjusted EPADS of $1.67 beat the&nbsp;analyst consensus estimate of $1.61. The stock is up over 1% year-to-date.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41052867/disneys-streaming-surge-epic-games-deal-among-key-growth-drivers-says-analyst" target="_blank" rel="noreferrer noopener">Disney's Streaming Surge, Epic Games Deal Among Key Growth Drivers, Says Analyst</a></li>
</ul>
Photo via Company

NTES

Disney's Marvel Rivals Game Hits 20 Million Players, Proves Superhero Power Still Reigns

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) CEO Alex Karp welcomed praise from billionaire investor Stanley Druckenmiller during JPMorgan&#8217;s Asset Managers CEO Forum which took place from Friday to Sunday, as the data analytics company&#8217;s stock continues its remarkable ascent.
What Happened: Druckenmiller, chairman and CEO of Duquesne Family Office, endorsed Karp&#8217;s new book &#8220;The Technological Republic,&#8221; <a href="https://www.youtube.com/watch?v=08wadxp9FnQ">calling</a> it &#8220;one of the most important books I&#8217;ve ever read.&#8221; The endorsement comes as Palantir&#8217;s stock has surged nearly 350% year-to-date, significantly outperforming broader market indices.
The interaction followed recent characterizations of Palantir as a &#8220;cult stock&#8221; by CNBC&#8217;s Jim Cramer, who grouped it with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) as companies whose loyal investor bases help them <a href="https://www.benzinga.com/news/24/12/42524611/jim-cramer-highlights-cult-stocks-like-tesla-palantir-netflix-as-2025-investment-strategy">outperform traditional valuation metrics</a>.
"A cult where I get no sexual benefits by the way. Just to be clear. It's a rare cult with no sex and very little drugs and we're not poisoning anyone,&#8221; Karp said. 
Druckenmiller&#8217;s family office has recently increased its stake in Palantir, purchasing 769,965 shares in the first quarter of 2024 after <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41388306/stanley-druckenmiller-crypto-is-pricing-in-trump-as-election-favorite-but-does-bitcoins-su">previously exiting its position in 2023</a>. The investment comes as Palantir&#8217;s artificial intelligence platform, AIP, gains traction among customers.
See Also: <a href="https://www.benzinga.com/24/12/42545204/marjorie-taylor-greene-pushes-to-sell-off-usps-amid-doge-momentum-we-need-to-privatize-ive-been-saying-it-for-years">Marjorie Taylor Greene Pushes To Sell Off USPS Amid DOGE Momentum: &#8216;We Need To Privatize&#8230;I&#8217;ve Been Saying It For Years&#8217;</a>
Why It Matters: Karp also said that Peter Thiel, Palantir&#8217;s co-founder, chose him as CEO because of his talent for recognizing and nurturing exceptional people. Thiel &#8220;is an artist in picking talent,&#8221; Karp said
The company&#8217;s market capitalization has now surpassed $169 billion, exceeding traditional defense contractor Lockheed Martin Corp. Wedbush Securities analyst Dan Ives remains bullish on Palantir, dubbing it the &#8220;Messi of AI&#8221; and predicting 2025 will be a <a href="https://www.benzinga.com/markets/equities/24/12/42522531/tesla-will-be-the-biggest-winner-in-the-trump-era-says-dan-ives-predicts-nasdaq-at-25000-in-18-months-get-the-popcorn-out">breakout year for the company&#8217;s AI platform</a>.
The stock&#8217;s surge comes despite recent insider sales, with CFO David Glazer and CTO Shyam Sankar selling $23 million and $367.9 million worth of shares respectively in December. Karp himself sold $132.8 million in shares last month, though these transactions represent <a href="https://www.benzinga.com/24/12/42538479/palantir-stock-rockets-350-ytd-but-insiders-cash-out-should-you-follow-suit">small portions of their overall holdings</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/12/42545757/ross-gerber-sees-earnings-to-beat-expectations-but-warns-investors-on-slower-pace-of-federal-reserve-rate-cuts-in-2025">Ross Gerber Asks Investors To Moderate Expectations On Fed Front In 2025: &#8216;Don&#8217;t Expect Much Lower Rates&#8217;</a></li>
</ul>
Palantir CEO Alex Karp. Photo by WEF on Flickr
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

PLTR

TSLA

Palantir's Alex Karp Embraces 'Cult' Status, Complains About The Missing Perks As Stock Soars 350%

When it comes to documentary series, true crime and murder suspects have become a staple for content creators, which could explain why several movies and series could be in the works detailing Luigi Mangione's life, as he awaits trial<a href="https://www.benzinga.com/general/health-care/24/12/42316904/unitedhealthcare-ceo-brian-thompson-fatally-shot-outside-nyc-hotel"> for allegedly killing</a> UnitedHealthcare CEO Brian Thompson.
What Happened: On Tuesday, Manhattan District Attorney Alvin Bragg <a href="https://www.benzinga.com/24/12/42541669/luigi-mangione-faces-murder-first-degree-life-in-prison-in-ceo-death-a-senseless-act-of-violence">announced upgraded charges</a> for Mangione in the death of Thompson. The 26-year-old now faces 11 charges, which include murder in the first degree that could see Mangione spend life behind bars if convicted.
Prior to the new charges, several entertainment companies announced plans for documentaries exploring the life of Mangione and the case that has captured worldwide attention.
Anonymous Content and Alex Gibney's Jigsaw Productions are working on a documentary on the shooting and story, according to a report from <a href="https://variety.com/2024/film/news/luigi-mangione-documentary-unitedhealthcare-1236250260/">Variety</a>. Gibney won the Academy Award for Best Documentary for "Taxi to the Dark Side" in 2008 and is well-known for several projects including "Enron: The Smartest Guys in the Room."
The project, which is the third collaboration from Anonymous and Jigsaw, will explore what the killing means for America and the value placed on people who live and die, according to the report. The documentary will also look into the current frustrations Americans have with the health insurance sector amid rising costs and higher claim denial rates.
Gibney is also <a href="https://www.benzinga.com/general/entertainment/23/03/31245565/unvarnished-examination-of-elon-musk-new-documentary-from-oscar-winner-coming-heres-what-te">working on a film</a> about Tesla CEO Elon Musk that he said would be the "definitive and unvarnished examination of" the billionaire. Musk called the movie a potential "hit piece."
Another documentary on Mangione from Emmy nominee Stephen Robert Morse has also been announced. The documentary from Morse follows his recent "Amanda Knox" and "How to Rob a Bank" directed documentaries that streamed on Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), as reported by <a href="https://variety.com/2024/tv/global/luigi-mangione-documentary-stephen-robert-morse-amanda-knox-1236250741/">Variety</a>.
The documentary will look at the life of Mangione and the families of those involved in the case and also look at the health insurance sector.
"My goal is to present a balanced exploration of United Healthcare CEO Brian Thompson's assassination, showing all sides of the story while respecting the profound loss of life and its impact on everyone involved," Morse said.
While Netflix is not attached to the project, the past history between Morse and the streamer could give the company the inside track if it wants the documentary.
Investigation Discovery, which is a unit of Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), is working on a one-hour special produced by Dan Abrams. The special has a working title of "Who Is Luigi Mangione?" and could premiere on the network and other Warner-owned assets in February, according to a <a href="https://variety.com/2024/tv/news/investigation-discovery-luigi-mangione-special-dan-abrams-1236251150/">Variety </a>report.
The special will look at "the lingering questions surrounding Mangione's arrest" and how a person born into wealth went on to commit a murder. Abrams, who is an ABC News correspondent and SiriusXM show host, will be featured on the special along with other experts and people close to Mangione.
Read Also: <a href="https://www.benzinga.com/news/legal/24/12/42418763/unitedhealthcare-ceo-murder-suspect-chronic-pain-unabomber-fascination-isolation-details-emerge">UnitedHealthcare CEO Murder Suspect: Chronic Pain, Unabomber Fascination, Isolation Details Emerge</a>
50 Cent Praises Mangione: Rapper and actor 50 Cent expressed a desire to make a documentary of Mangione, which comes after he recently <a href="https://www.benzinga.com/general/entertainment/24/05/38968131/diddy-do-it-documentary-on-embattled-rapper-snapped-up-by-worlds-biggest-streaming-platform">sold a documentary</a> about rapper Diddy on the allegations of sexual assault to Netflix.
50 Cent expressed praise for Mangione in a since-deleted social media post, as <a href="https://www.vibe.com/news/movies-tv/50-cent-documentary-alleged-unitedhealthcare-shooter-1234959771/">reported </a>by Vibe.
"I don't know, I kinda like this killer," the rapper said. "I'm sorry this is going this way it is but I'm doing a documentary on him, he is special! I apologize in advance for anyone who doesn't understand."
The rapper said learning of Mangione's alleged manifesto which detailed some potential motives for the alleged murder of Thompson is worth making a documentary about and bringing the story to the public.
Why It's Important: The public has been drawn to the murder story as Mangione was a promising business grad born into wealth. His back injury may have led to a fight against the health care industry.
People on social media<a href="https://www.benzinga.com/general/restaurants/24/12/42427146/pennsylvania-mcdonalds-where-unitedhealthcare-ceo-murder-suspect-arrested-gets-review-bombed-more-like-narc-donalds"> have praised Mangione</a> and feel sympathetic for the alleged killer, which may make these documentaries highly anticipated and widely watched.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/media/24/12/42473433/joe-rogan-on-public-sympathy-for-unitedhealthcare-ceo-murder-suspect-health-insurance-a-dirty-dirty-business">Joe Rogan On Public Sympathy For UnitedHealthcare CEO Murder Suspect: Health Insurance A &#8216;Dirty, Dirty Business&#8217;</a></li>
</ul>
Photo: Via the Pennsylvania State Police

Entertainment

Legal

Luigi Mangione Documentaries In The Works From Award-Winning Creators — And Possibly Rapper 50 Cent

High-rolling investors have positioned themselves bearish on Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NFLX often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for Netflix. This is not a typical pattern.
The sentiment among these major traders is split, with 15% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $55,610, and 12 calls, totaling $548,540.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $605.0 to $930.0 for Netflix over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Netflix's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Netflix's whale activity within a strike price range from $605.0 to $930.0 in the last 30 days. 
<h3>Netflix Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734446737_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$27.1</td>
<td>$24.9</td>
<td>$24.9</td>
<td>$900.00</td>
<td>$128.0K</td>
<td>1.6K</td>
<td align="right">52</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$76.45</td>
<td>$75.05</td>
<td>$75.26</td>
<td>$900.00</td>
<td>$75.2K</td>
<td>1.2K</td>
<td align="right">11</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$125.2</td>
<td>$109.2</td>
<td>$116.0</td>
<td>$900.00</td>
<td>$69.6K</td>
<td>627</td>
<td align="right">6</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$8.3</td>
<td>$7.95</td>
<td>$8.3</td>
<td>$922.50</td>
<td>$55.6K</td>
<td>171</td>
<td align="right">118</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$8.95</td>
<td>$8.5</td>
<td>$8.5</td>
<td>$930.00</td>
<td>$38.3K</td>
<td>2.3K</td>
<td align="right">238</td>
</tr>
</tbody>
</table>

<h3>About Netflix</h3>
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 280 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
In light of the recent options history for Netflix, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Netflix</h3>
<ul>
<li>Trading volume stands at 188,711, with NFLX's price up by 0.25%, positioned at $923.36.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 35 days.</li>
</ul>
<h3>What Analysts Are Saying About Netflix</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $1000.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Pivotal Research keeps a Buy rating on Netflix with a target price of $1100. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Netflix, targeting a price of $1010. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on Netflix, maintaining a target price of $1000. 
&#x2A; Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Hold rating on Netflix with a target price of $940. 
&#x2A; An analyst from Evercore ISI Group persists with their Outperform rating on Netflix, maintaining a target price of $950. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Netflix options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Check Out What Whales Are Doing With NFLX

U.S. President-elect Donald Trump is set to meet Netflix&nbsp;Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) co-CEO Ted Sarandos on Tuesday at Trump&#8217;s Mar-a-Lago resort, Reuters cites familiar sources.
Reuters, citing researcher OpenSecrets said Sarandos has traditionally backed Democratic Party candidates by donating to support them.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42514598/hubspots-ai-powered-tools-set-to-drive-smb-growth-and-crm-innovation-analyst-says" rel="noreferrer noopener">HubSpot To Dominate SMB CRM Space With AI-Driven Platform, Says BofA Analyst</a>
Let us examine the dynamics between the streaming giant and the U.S. government. Netflix co-founder Reed Hastings had <a target="_blank" href="https://www.benzinga.com/news/24/07/39932764/kamala-harris-presidential-campaign-secures-7m-from-netflix-co-founder-reed-hastings" rel="noreferrer noopener">committed a record $7 million</a> to a super PAC backing Vice President Kamala Harris&#8217; presidential campaign.
Hastings&#8217; contribution marks his largest single donation to a candidate. Although initially hesitant to endorse Harris following President Joe Biden&#8217;s withdrawal. This pledge followed Harris&#8217; impressive fundraising momentum.
In July, Netflix reportedly experienced a sharp rise in subscription cancellations after Hastings <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/41084606/elon-musk-targets-lopsided-anti-trump-donations-by-netflix-employees-as-cancellations-soare" rel="noreferrer noopener">declared his support for Harris</a>.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO Elon Musk drew attention to the news, pointing to claims of political donation bias among Netflix employees. Bloomberg columnist Lucas Shaw, citing research firm Antenna, reported that Netflix&#8217;s U.S. cancellation rate nearly tripled after Hastings publicly endorsed Harris.
In 2022, three Democratic senators urged Netflix to reduce smoking and vaping depictions <a target="_blank" href="https://www.benzinga.com/general/entertainment/22/04/26429457/senators-demand-netflix-reduce-scenes-with-smoking-vaping" rel="noreferrer noopener">in its streaming content</a>.&nbsp;&nbsp;
Sens. Ed Markey (D-MA), Chris Van Hollen (D-MD), and Richard Blumenthal (D-CT) wrote to Netflix co-CEOs Reed Hastings and Ted Sarandos, requesting fewer scenes featuring smoking and vaping in shows and films.
The senators referenced a Truth Initiative report, which found that Netflix&#8217;s content—popular among young audiences—has shown more smoking or vaping scenes than any other channel over the past four years.
Shows like The Queen&#8217;s Gambit and The Umbrella Academy were cited for having over 200 instances of smoking or vaping in their respective 2020 seasons.
Last week, Trump shared plans to meet with Amazon.com Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos.
Netflix stock surged 96% year-to-date, backed by its diverse content and live events, including the highly expected&nbsp;NFL Christmas Day games. Oppenheimer&#8217;s Jason Helfstein hailed Netflix as the sole investable <a target="_blank" href="https://www.benzinga.com/general/sports/24/12/42512587/netflix-analyst-say-its-only-investable-media-stock-projects-150-million-nfl-christmas-day-boost" rel="noreferrer noopener">mainstream media stock</a>. The analyst flagged a $2.2 billion advertising opportunity annually for live events.
Price Action: NFLX stock traded lower by 0.11% to $920.04 premarket at the last check on Tuesday.
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Image via Shutterstock

Government

Tech

AMZN

Trump and Netflix Boss Sarandos Set for High-Stakes Mar-a-Lago Meeting

CNBC&#8217;S &#8220;Mad Money&#8221; host Jim Cramer has spotlighted &#8220;cult stocks&#8221; as a key focus for investors in 2025, emphasizing their potential to outperform traditional valuation metrics due to strong investor loyalty.
What Happened: Cramer pointed to Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as a standout example, noting its impressive 86% increase this year. He attributed this growth to Elon Musk&#8216;s leadership in the electric vehicle sector and strategic political alliances,  CNBC <a href="https://www.cnbc.com/2024/12/16/jim-cramer-explains-cult-stocks-in-2025.html">reported</a> on Monday.
Cramer also highlighted Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) as cult stocks. Netflix saw an 89% rise, driven by popular programming and a new ad-supported tier. Meanwhile, Palantir&#8217;s stock soared 341%, propelled by CEO Alex Karp&#8216;s distinctive strategy, despite initial investor skepticism.
See Also: <a href="https://www.benzinga.com/24/12/42495782/crypto-market-predicted-to-surge-to-all-time-highs-by-late-2025-but-a-30-drop-in-bitcoin-prices-could-come-first?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Market Predicted To Surge To All-Time Highs By Late 2025, But A 30% Drop In Bitcoin Prices Could Come First</a>
He emphasized the importance of recognizing when traditional valuation methods might not apply, urging investors to identify similar opportunities in 2025 to maximize their potential returns.
Why It Matters: The focus on cult stocks comes amid broader market trends. <a href="https://www.benzinga.com/markets/equities/24/12/42522531/tesla-will-be-the-biggest-winner-in-the-trump-era-says-dan-ives-predicts-nasdaq-at-25000-in-18-months-get-the-popcorn-out">Dan Ives of Wedbush Securities</a> recently predicted a significant expansion in the tech sector, driven by artificial intelligence and deregulation under the incoming Trump administration. Ives forecasts the Nasdaq could hit 25,000 within 18 months, describing the scenario as ideal for tech companies.
In addition, <a href="https://www.benzinga.com/general/sports/24/12/42512587/netflix-analyst-say-its-only-investable-media-stock-projects-150-million-nfl-christmas-day-boost">Netflix&#8217;s strategic moves</a> have been noted by analysts, with Oppenheimer&#8217;s Jason Helfstein calling it the &#8220;only investable&#8221; media stock. He projects a significant boost from live events, including NFL games, further supporting Cramer&#8217;s view on the potential of cult stocks.
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</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

Jim Cramer Highlights 'Cult Stocks' Like Tesla, Palantir, Netflix As 2025 Investment Strategy

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) stock has more upside thanks to live events, an analyst says ahead of the company's highly anticipated <a href="https://www.benzinga.com/general/sports/24/12/42354185/nfl-games-set-thanksgiving-day-records-why-this-is-good-and-bad-news-for-streaming-giant-netflix">NFL Christmas Day games.</a>
The Netflix Analyst: Oppenheimer analyst Jason Helfstein reiterated an Outperform rating on Netflix and raised the price target from $825 to $1,065.
Read Also: <a href="https://www.benzinga.com/general/sports/24/12/42492251/netflix-ceo-says-paul-tyson-fight-really-phenomenal-strong-demand-for-nfl-game-advertising">Netflix CEO Says Paul-Tyson Fight &#8216;Really Phenomenal,&#8217; Strong Demand For NFL Game Advertising</a>
The Analyst Takeaways: With a dominant position in the streaming market and monetization upside coming from live events, Helfstein sees more upside for Netflix ahead.
"NFLX remains the only investable mainstream media stock," Helfstein said in a new investor note.
Helfstein said Netflix's competition is "continuing to weaken," which could help Netflix with churn and driving down content costs.
"Near term, we expect positive commentary from NFL Christmas Day games similar to Paul/Tyson, driving sentiment into 4Q earnings."
With a bigger and better library, Netflix has been able to have lower churn than media peers, the analyst said. Netflix's churn of around 2% is much lower than the 6% across the industry, which has elevated from 4% in 2021 with more companies entering the streaming space.
An example of the churn the analyst illustrates is with NFL and Olympics content for Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) and Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) led to growth in streaming subscribers, but also saw 2-month cancellation rates of 30% and 35% respectively.
"We think NFLX original content/library should drive stronger retention."
The Mike Tyson vs. Jake Paul boxing event was watched by 108 million households, which is the largest live event excluding Super Bowls since President Richard Nixon's resignation, according to the report.
While Netflix's Christmas Day NFL games won't break the boxing viewership, they could bring in $75 million in advertising revenue each for a total of $150 million, Helfstein estimates. The analyst calls the games a "free acquisition tool," based on the media reports Netflix paid $150 million to have the rights to the Christmas Day games.
"We now expect live events will drive stronger ad-tier growth, but expect significant advertiser demand once capabilities are built-out."
The analyst estimates Netflix has a $2.2 billion advertising opportunity annually for live events based on $223 million per live event and 10 events per year in the future.
"Therefore, on top of a strong subscriber acquisition tool, live event advertising could also become meaningfully incremental to NFLX."
Consolidation in the media space under a new White House administration could also be an item for Netflix investors to watch, Helfstein said. The impact would mean less competition for content and better margins for the company.
"We believe NFLX's dominance will continue, given its clear advantage in producing high-engagement content and monetizing that content more effectively than peers."
NFLX Price Action: Netflix stock is up 0.2% to $921.28 on Monday, versus a 52-week trading range of $461.86 to $941.75. Netflix stock is up 97% year-to-date in 2024.
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</ul>
Photo: Shutterstock

Analyst Color

Price Target

Reiteration

Sports

Analyst Ratings

CMCSA

PARA

PARAA

Netflix Analyst Say It's 'Only Investable' Media Stock, Projects $150 Million NFL Christmas Day Boost

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Stifel raised the price target for Vertex Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) from $490 to $494. Stifel analyst Paul Matteis maintained a Hold rating. Vertex Pharmaceuticals shares closed at $463.73 on Friday. See how other analysts view this stock.</li>
<li>Jefferies raised the price target for Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) from $63 to $70. Jefferies analyst Akash Tewari upgraded the stock from Hold to Buy. Bristol-Myers Squibb shares closed at $55.78 on Friday. <a href="https://www.benzinga.com/quote/BMY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted the price target for Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from $825 to $1,065. Oppenheimer analyst Jason Helfstein maintained an Outperform rating. Netflix shares closed at $918.87 on Friday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut MKS Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKSI#NASDAQ">MKSI</a>) price target from $155 to $150. Morgan Stanley analyst Joseph Moore maintained an Overweight rating. MKS Instruments shares settled at $112.55 on Friday. <a href="https://www.benzinga.com/quote/MKSI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital raised RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) price target from $320 to $450. Loop Capital analyst Anthony Chukumba maintained a Hold rating. Walmart shares closed at $446.04 on Friday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank cut NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) price target from $92 to $82. Deutsche Bank analyst Krisztina Katai maintained a Buy rating. NIKE shares closed at $77.25 on Friday.  <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt raised The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) price target from $122 to $135. Rosenblatt analyst Barton Crockett maintained a Buy rating. Disney shares closed at $113.34 on Friday. See how other analysts view this stock.</li>
<li>Mizuho cut the price target for Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) from $137 to $134. Mizuho analyst Nitin Kumar maintained a Neutral rating. Exxon Mobil shares settled at $110.84 on Friday. <a href="https://www.benzinga.com/quote/XOM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho raised CNX Resources Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>) price target from $33 to $38. Mizuho analyst Nitin Kumar downgraded the stock from Neutral to Underperform. CNX Resources shares closed at $37.79 on Friday. <a href="https://www.benzinga.com/quote/CNX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush raised Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target from $400 to $515. Wedbush analyst Daniel Ives maintained an Outperform rating. Tesla shares closed at $436.23 on Friday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying TSLA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="483" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16083522/image-126-1024x483.png" alt="" class="wp-image-693891" style="width:557px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16083522/image-126-1024x483.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16083522/image-126-300x142.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16083522/image-126-768x362.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16083522/image-126.png 1176w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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MKSI

VRTX

Tesla To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Monday

Oppenheimer analyst Jason Helfstein maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Outperform and raises the price target from $825 to $1065.

Oppenheimer Maintains Outperform on Netflix, Raises Price Target to $1065

Loop Capital analyst Alan Gould downgrades Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from Buy to Hold and raises the price target from $800 to $950.

Downgrades

Loop Capital Downgrades Netflix to Hold, Raises Price Target to $950

Streaming giant Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) recently streamed a live boxing event featuring a match between Jake Paul and Mike Tyson which led to difficulties for consumers trying to <a href="https://www.benzinga.com/general/sports/24/11/42042640/netflix-crash-hits-jake-paul-mike-tyson-fight-can-streaming-platform-handle-christmas-day-nfl-action">watch the fight.</a>
The company's co-CEO Ted Sarandos highlighted the success of the fight and what's ahead for live sports events in a recent interview.
What Happened: Netflix <a href="https://www.benzinga.com/general/sports/24/11/41985523/paul-vs-tyson-boxing-match-how-to-watch-betting-odds-what-the-stats-say-and-more">saw unprecedented demand </a>for the Nov. 15 boxing match between Paul and Tyson with 109 million people watching the fight globally, according to Sarandos.
"We were pushing the (internet service provider), every ISP in the world, right to the limits of their own capacity. We were stressing the limits of the internet itself that night," Sarandos said at a UBS conference earlier this week, as <a href="https://www.hollywoodreporter.com/business/business-news/ted-sarandos-jake-paul-mike-tyson-glitches-1236083094/">reported </a>by The Hollywood Reporter.
Sarandos said the company had a control room in Silicon Valley that worked on fixing internet issues due to the "unprecedented demand that was happening."
The Netflix co-CEO highlighted the combined efforts of the content team, marketing, publicity and social media teams to help make the fight as big as it was.
"It's really phenomenal. It's a Super Bowl-like audience that we were able to draw for this fight."
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41391637/netflix-q3-earnings-revenue-beats-eps-tops-q4-guidance-projects-subscriber-boost-from-squid-game-nf">Netflix Q3 Earnings: Revenue Beats, EPS Tops, Q4 Guidance Projects Subscriber Boost From &#8216;Squid Game,&#8217; NFL, And Boxing</a>
What's Next: Netflix has a quick turnaround to prepare for huge demand for its next live sporting event.
The company hosts two National Football League games on Christmas Day. While the NFL games might not have as big of an audience as the boxing match, the fact the Kansas City Chiefs play in one game and Beyoncé is performing at halftime in the other <a href="https://www.benzinga.com/general/sports/24/12/42354185/nfl-games-set-thanksgiving-day-records-why-this-is-good-and-bad-news-for-streaming-giant-netflix">could increase the audience</a> compared to normal NFL games.
"It is Christmas Day. So you will be aware that it is Christmas Day, the show and the broadcast itself, and all the entertainment that's wrapped around it will all be very special and very unique, and I think, bigger than the game itself," Sarandos said.
The Netflix executive said the company is preparing to offer more "big-scale live events" and do them more frequently. This means the company will likely need to make sure the NFL games see fewer issues than the boxing event to keep customers happy as at least <a href="https://www.benzinga.com/general/sports/24/11/42094958/netflix-faces-class-action-lawsuit-over-streaming-crashes-during-jake-paul-mike-tyson-fight">one class-action lawsuit</a> hit the company over the buffering issues during the boxing match.
For Netflix, live sports events offer a way to gain subscribers and diversify its content. The events also allow the company to grow its advertising revenue with the ad-supported plans a growing focus.
Sarandos said the NFL games and upcoming WWE events have brought "a lot of demand" from advertisers. The Netflix executive said the company may have left money on the table with advertising revenue for the Paul-Tyson match.
"If we knew the audience would be that big, we probably would have done a lot more selling on that fight."
Netflix begins broadcasting WWE events in January as part of an agreement with the company's owner TKO Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>). Sarandos said WWE fits into the mold of a younger audience and treats sporting contests like big events.
"We also liked it because for a sport, it also has a 40-person writer room, so it's much closer to our current wheelhouse of creating and storytelling."
While Netflix has bid on media rights for sports leagues in the past, comments from Sarandos suggest the company would prefer to push for unique events instead of a full season.
NFLX Price Action: Netflix stock is down 1% to $918.07 on Friday versus a 52-week trading range of $461.86 to $941.75. Netflix stock is up 96% year-to-date in 2024.
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Courtesy: Netflix

Netflix CEO Says Paul-Tyson Fight 'Really Phenomenal,' Strong Demand For NFL Game Advertising

Netflix Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) has witnessed its stock price soar beyond $900, sparking speculation about a potential stock split. This surge aligns with a broader market rally, particularly in Big Tech, driven by advancements in AI software and chips.
What Happened: Netflix&#8217;s shares have increased more than fivefold since hitting a low in 2022. The S&amp;P 500 has risen 70% since the bear market bottomed in October 2022. Companies like&nbsp;Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and&nbsp;Deckers Outdoor Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) have already executed stock splits this year, Barron&#8217;s <a href="https://www.barrons.com/amp/articles/netflix-stock-split-nvidia-bull-market-0c81012c">reported</a> on Friday.
Ken Mahoney of Mahoney Asset&nbsp;Management commented, &#8220;Once&nbsp;stocks are worth way into&nbsp;the high hundreds of dollars&nbsp;per share range, a lot&nbsp;of people get in their&nbsp;mind that a stock split&nbsp;could be coming.&#8221;
"It wouldn't surprise us if Netflix followed suit within the next few announcing earnings."
A stock split can attract more investors by making shares more affordable, potentially boosting market value.
Netflix has yet to respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> queries.
See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42452421/cathie-woods-ark-invest-trims-tesla-exposure-amid-searing-rally-sells-21-8m-worth-of-stock-bets-on-this-ai-medical-company?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood&#8217;s Ark Invest Trims Tesla Exposure Amid Searing Rally, Sells $21.8M Worth Of Stock — Bets On This AI Medical Company</a>
Netflix&#8217;s growth, particularly outside the U.S., and increased profit margins have contributed to its rising stock price. Analysts anticipate further revenue growth through higher international subscription prices and advertising. However, Netflix&#8217;s high valuation could deter some investors if earnings expectations are not met.
Why It Matters: The recent surge in Netflix&#8217;s stock price is not an isolated event.&nbsp;Jim Cramer&nbsp;recently <a href="https://www.benzinga.com/markets/equities/24/12/42452602/jim-cramer-bullish-in-netflix-as-stock-nears-1000-amid-streaming-success">expressed strong buying conviction</a> for Netflix as its shares traded near $934. This comes amid broader tech market strength and a recommendation from JPMorgan analyst Doug Anmuth, who raised his price target on Netflix to $1,010 from $850. Anmuth cited robust subscriber growth and expanding ad revenue as key factors.
Netflix&#8217;s recent milestone, the Jake Paul vs. Mike Tyson boxing match, became the most-streamed sporting event ever, with 60 million households watching live. This achievement underscores the platform&#8217;s growing influence in the streaming industry and its ability to attract a massive audience.
Price Action: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, Netflix was trading slightly higher at $204.60 on Friday during pre-market hours after previously closing at $203.68.
Meanwhile, as per the three most-recent analyst ratings, released by JP Morgan, Citigroup, and Canaccord Genuity the average price target of Netflix is $956.67, with an implied 3.48% upside for the company.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Pixabay

Stock Split

DECK

NVDA

Netflix Surges Past $900. Is Stock Split On The Cards? Analyst Says Such Move 'Wouldn't Surprise Us'

Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is revisiting its parental leave policy, which offered unlimited time off during an employee&#8217;s first year of parenthood.
However, mounting challenges in maintaining the policy have led to internal adjustments and confusion about its application, raising employee concerns, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/business/media/netflix-unlimited-parental-leave-roll-back-culture-a962f50e" rel="noreferrer noopener">reports</a>.
According to the report, Netflix introduced the unlimited leave policy nearly a decade ago as part of its &#8220;freedom and responsibility&#8221; culture, trusting employees to determine their limits.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/24/12/42436800/stmicroelectronics-and-qualcomm-launch-new-iot-module-to-simplify-wireless-connectivity" rel="noreferrer noopener">STMicroelectronics and Qualcomm Launch New IoT Module to Simplify Wireless Connectivity</a>
However, as more employees took extended leave, the company began issuing vague guidance to scale back the benefit, creating widespread uncertainty.
Netflix has transitioned from its original emphasis on unlimited parental leave, opting for informal guidance suggesting six months as a standard timeframe.
WSJ report said that internal communications reveal that managers and human resources staff often encourage employees to discuss leave durations based on what works for the individual and the business.
Recent updates to the company&#8217;s culture memo removed explicit references to unlimited leave, reflecting Netflix&#8217;s broader cultural adjustments as it prioritizes profitability over subscriber growth.
This shift includes cost-cutting measures, such as limiting discretionary spending and realigning salary structures to industry standards, the report added.
Netflix spokespersons told WSJ that the company&#8217;s talent retention metrics remain strong, with a 93% acceptance rate for job offers and just 3% voluntary attrition.
<a target="_blank" href="https://www.benzinga.com/personal-finance/24/11/41980010/the-20000-penalty-why-working-moms-are-losing-wages-due-to-child-care-responsibilities" rel="noreferrer noopener">Reportedly, working mothers</a> in the U.S. forgo ~$20,000 annually in potential earnings due to childcare responsibilities.
While women have achieved higher education levels and greater workforce participation, they are still more likely than men to reduce work hours or temporarily exit their jobs to manage child care.
Data from the Federal Reserve reveals this trend is especially pronounced among women in their 30s and 40s. Although this age group represents about 46% of the U.S. workforce, their employment rate falls slightly below men&#8217;s, primarily due to caregiving obligations.
Companies such as Amazon.Com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) have urged employees to return to the office five days a week, marking a shift from the pandemic, which prompted companies to allow their employees to work from home. However, Amazon and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) chief Elon Musk voiced their preference for the return-to-office mandate, which has <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41157629/google-assures-employees-its-not-about-to-pull-off-an-amazon-on-them-when-it-comes-to-work-from-" rel="noreferrer noopener">sparked employee concerns</a>.
Price Action: NFLX stock is down 0.98% at $927.36 at the last check on Thursday.
Also Read:
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Image via Shutterstock

Netflix Adjusts Parental Leave Policy, But There Is A Catch

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer recommended buying Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
On Wednesday, JPMorgan analyst Doug Anmuth maintained Netflix with an Overweight and raised the <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">price target from $850 to $1,010.</a>
 &#8220;It is absolutely true that they're not doing as well as Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>),&#8221; Cramer said when asked about Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). &#8220;But can we just remember Lisa Su has built an amazing company?&#8221; He recommended buying the stock, saying that the stock is &#8220;actually cheap.&#8221;
On Monday, AMD named Tim Keating as senior vice president, Government Relations and Regulatory Affairs.
Cramer said he prefers Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) over Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>). He added, &#8220;I don't want you to sell Constellation Energy, it has a habit of bouncing back because it's really involved in the data center, but it has got way too much volatility for me.&#8221;
On Nov. 22, Morgan Stanley analyst David Arcaro maintained Constellation Energy with an Overweight and lowered the price target from $323 to $322.
&#8220;Even with the talc litigation, I do want to buy it down here,&#8221; Cramer said when asked about Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>).
On Wednesday, Citigroup analyst Joanne Wuensch maintained Johnson &amp; Johnson with a Buy and lowered the price target from $185 to $175.
Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) is a &#8220;very good&#8221; company, Cramer said. &#8220;The stock has been straight up. And, I've got to tell you, after that last quarter, I understand why it's straight up. It was probably mispriced when it came public.&#8221;
On Dec. 5, Rubrik posted better-than-expected quarterly results.
When asked about JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), he said, &#8220;It's too much of a stretch for me.&#8221;
On Monday, Bernstein analyst Robin Zhu upgraded JD.com from Market Perform to Outperform and raised the price target from $43 to $46.
Price Action:
<ul>
<li>AMD shares gained 1.9% to settle at $130.15 on Wednesday.</li>
<li>Constellation Energy shares gained 1.8% to close at $236.60.</li>
<li>Rubrik shares gained 1.7% to settle at $70.42 on Wednesday.</li>
<li>JD.Com shares fell 3.4% to $38.21 on Wednesday.</li>
<li>Johnson &amp; Johnson shares fell 1.7% to close at $146.64 on Wednesday.</li>
<li>Netflix shares gained 2.5% to settle at $936.56 on Wednesday.</li>
</ul>
Read Next:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42437595/jim-cramer-says-keep-owning-this-energy-stock-abbott-laboratories-legal-stuff-is-behind-them"> </a>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42437595/jim-cramer-says-keep-owning-this-energy-stock-abbott-laboratories-legal-stuff-is-behind-them">Jim Cramer Says &#8216;Keep Owning&#8217; This Energy Stock, Abbott Laboratories &#8216;Legal Stuff&#8217; Is Behind Them</a></li>
</ul>
Image: Shutterstock

Long Ideas

RBRK

Jim Cramer Says This CEO 'Built An Amazing Company,' Recommends Buying Netflix

CNBC&#8217;s Jim Cramer expressed strong buying conviction for Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) during Wednesday&#8217;s Lightning Round on &#8220;Mad Money,&#8221; as the streaming giant&#8217;s shares traded near $934 amid <a href="https://www.benzinga.com/markets/equities/24/12/42452127/nasdaq-breaks-20000-milestone-as-tech-rally-rate-cut-hopes-fuel-market-optimism">broader tech market strength</a>.
What Happened: Cramer&#8217;s <a href="https://www.cnbc.com/2024/12/11/cramers-lightning-round-netflix-is-a-buy.html">recommendation</a> comes as JPMorgan analyst Doug Anmuth raised his price target on Netflix to $1,010 from $850, citing robust subscriber growth and <a href="https://www.benzinga.com/news/24/12/42439988/why-netflix-stock-is-rising">expanding ad revenue</a>. 
The platform recently achieved a milestone with its Jake Paul vs. Mike Tyson boxing match, which became the most-streamed sporting event ever with 60 million households watching live.
Netflix&#8217;s ad-supported tier has reached 70 million monthly active users and is projected to hit 120 million by late 2025. The company is expected to add 10 million subscribers in the fourth quarter, according to JPMorgan&#8217;s estimates.
During the same Lightning Round, Cramer also endorsed Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), calling it &#8220;cheap&#8221; despite lagging behind NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). He expressed cautious optimism about Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) &#8220;even with the talc litigation,&#8221; while showing less enthusiasm for JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), which he described as &#8220;too much of a stretch.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42452127/nasdaq-breaks-20000-milestone-as-tech-rally-rate-cut-hopes-fuel-market-optimism">Nasdaq Surges Past 20,000 For First Time, Driven By Tech Gains And Rate Cut Hopes</a>
Why It Matters: The endorsement came during a historic day for tech stocks, as the Nasdaq Composite <a href="https://www.benzinga.com/markets/equities/24/12/42452127/nasdaq-breaks-20000-milestone-as-tech-rally-rate-cut-hopes-fuel-market-optimism">surpassed 20,000 points</a> for the first time, closing at 20,034, marking a 1.77% gain.
The stock picks came as <a href="https://www.benzinga.com/markets/equities/24/12/42452127/nasdaq-breaks-20000-milestone-as-tech-rally-rate-cut-hopes-fuel-market-optimism">the S&amp;P 500 rose 0.82% to 6,084</a>, though the Dow Jones Industrial Average declined by 99.27 points to 44,148.
Price Action: Netflix Inc&#8217;s stock price rose to $936.56, up 2.54% on Wednesday. After hours, the price remained unchanged. Year to date, the stock has surged by $468.06, marking an increase of 99.91%. 
According to <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">data from Benzinga Pro</a>, Netflix has a consensus price target of $810.45 from 29 analysts, with a high of $1100 and a low of $550. The latest ratings from JP Morgan, Citigroup, and Canaccord Genuity suggest an average target of $956.67, implying a 2.43% upside.
Netflix&#8217;s stock has increased from $450.76 to $935.27 over the 52 weeks, with a market capitalization of $399.25 billion and a P/E ratio of 51.63. Its RSI is currently at 73.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11212832/Screenshot-2024-12-12-at-7.57.40%E2%80%AFAM-1024x378.png" alt="" class="wp-image-688609" /></figure>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Jim Cramer Bullish On Netflix Nearing $1,000 And AMD's 'Cheap' Valuation Despite Nvidia Dominance

WIIM

Netflix shares are trading higher after JP Morgan maintained an Overweight rating on the stock and raised its price target from $850 to $1,010.

JP Morgan analyst Doug Anmuth maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Overweight and raises the price target from $850 to $1010.

JP Morgan Maintains Overweight on Netflix, Raises Price Target to $1010

Financial giants have made a conspicuous bullish move on Netflix. Our analysis of options history for Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) revealed 62 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $572,504, and 53 were calls, valued at $3,131,297.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $500.0 to $1300.0 for Netflix over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Netflix's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Netflix's substantial trades, within a strike price spectrum from $500.0 to $1300.0 over the preceding 30 days.
<h3>Netflix 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733932881_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$25.45</td>
<td>$24.5</td>
<td>$25.0</td>
<td>$840.00</td>
<td>$250.0K</td>
<td align="right">480</td>
<td align="right">200</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$299.75</td>
<td>$297.15</td>
<td>$297.15</td>
<td>$800.00</td>
<td>$208.0K</td>
<td align="right">69</td>
<td align="right">8</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$98.75</td>
<td>$98.1</td>
<td>$98.1</td>
<td>$850.00</td>
<td>$196.2K</td>
<td align="right">944</td>
<td align="right">25</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$197.65</td>
<td>$195.0</td>
<td>$195.0</td>
<td>$1000.00</td>
<td>$195.0K</td>
<td align="right">93</td>
<td align="right">10</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$78.85</td>
<td>$78.3</td>
<td>$78.3</td>
<td>$920.00</td>
<td>$156.6K</td>
<td align="right">252</td>
<td align="right">8</td>
</tr>
</tbody>
</table>

<h3>About Netflix</h3>
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 280 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
After a thorough review of the options trading surrounding Netflix, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Netflix Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 998,783, the NFLX's price is up by 2.81%, now at $939.05. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 41 days.</li>
</ul>
<h3>Expert Opinions on Netflix</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $984.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Evercore ISI Group persists with their Outperform rating on Netflix, maintaining a target price of $950. 
&#x2A; An analyst from Pivotal Research persists with their Buy rating on Netflix, maintaining a target price of $1100. 
&#x2A; An analyst from Citigroup has decided to maintain their Neutral rating on Netflix, which currently sits at a price target of $920. 
&#x2A; An analyst from Wedbush downgraded its action to Outperform with a price target of $950. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on Netflix, which currently sits at a price target of $1000. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Netflix, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Smart Money Is Betting Big In NFLX Options

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) shares are trading higher by 2.55% to $936.68 during Wednesday&#8217;s session. JPMorgan analyst Doug Anmuth raised his price target on the streaming giant from $850 to $1,010.
What To Know: JPMorgan is raising their subscriber growth estimates for the fourth-quarter and beyond, driven by strong content, organic growth and an expanding ad-supported tier. 
Data from Sensor Tower highlights a sharp improvement in global downloads and daily active users, fueled by popular events like the <a href="https://www.benzinga.com/general/sports/24/11/42042640/netflix-crash-hits-jake-paul-mike-tyson-fight-can-streaming-platform-handle-christmas-day-nfl-action">Jake Paul vs. Mike Tyson boxing match</a>, the most streamed sporting event ever with 60 million households tuning in live.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42436676/inflation-rises-as-expected-in-november-sustain-hopes-for-next-weeks-fed-interest-rate-cut">Inflation Rises As Expected In November, Sustains Hopes For December Interest Rate Cut</a>
For the fourth-quarter, Netflix's subscriber additions are forecasted at 10 million, surpassing its third-quarter performance and near the low end of investor expectations exceeding 10 million. The platform's ad-supported tier is also gaining traction, with 70 million monthly active users, expected to grow to 120 million by the end of 2025. 
JPMorgan additionally says live sports events, including upcoming <a href="https://www.benzinga.com/general/sports/24/12/42354185/nfl-games-set-thanksgiving-day-records-why-this-is-good-and-bad-news-for-streaming-giant-netflix">Christmas Day NFL games</a>, are enhancing ad monetization and subscriber engagement.
Per JPMorgan, revenue projections for 2025 suggest 15.3% growth on a currency-neutral basis, bolstered by pricing adjustments and ad-tier adoption. Operating income margins are anticipated to expand to 28.4%, with free cash flow reaching $9.3 billion. Content investments, including marquee titles like Squid Game and Stranger Things, are also expected to continue to drive engagement and retention.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/12/42436387/macys-lowers-annual-profit-forecast-amid-accounting-misstep-stock-tumbles">Macy&#8217;s Lowers Annual Profit Forecast Amid Accounting Misstep, Stock Tumbles</a>
<h2 class="wp-block-heading">How To Buy NFLX Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Netflix&#8217;s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NFLX has a 52-week high of $935.47 and a 52-week low of $459.20.

Why Netflix Stock Is Rising

Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) has outperformed the market over the past 20 years by 28.06% on an annualized basis producing an average annual return of 36.49%. Currently, Netflix has a market capitalization of $395.41 billion. 
Buying $1000 In NFLX: If an investor had bought $1000 of NFLX stock 20 years ago, it would be worth $492,561.56 today based on a price of $925.03 for NFLX at the time of writing.
<h3>Netflix's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733926507_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Netflix 20 Years Ago Would Be Worth Today

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Looking for another leg lower into wave {c} of 4 as we could have a top in wave {v}.

Elliott Wave Technical Analysis: Netflix Inc. - Tuesday, Dec. 17

The video streaming industry is rapidly evolving, driven by technological advancements and a surge in on-demand content. In this ever-evolving dynamic industry, fundamentally robust streaming stocks Amazon (AMZN), Netflix (NFLX), and Disney (DIS) could be solid buys. Keep reading... The video streaming industry is rapidly transforming, driven by growing global internet access, advancements in technology, and the increasing popularity of on-demand content among consumers.
As the year ends, leading streaming stocks like Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), Netflix, Inc. (<a href="https://stocknews.com/stock/NFLX/">NFLX</a>), and The Walt Disney Company (<a href="https://stocknews.com/stock/DIS/">DIS</a>), which are leveraging these trends and offering innovative solutions to cater to the evolving tastes of global viewers, could be smart investment options at this time.
The video streaming industry is thriving, driven by the convenience and variety offered by platforms. The rise of subscription-based models and interactive features has significantly boosted digital content consumption. Enhanced internet connectivity, widespread smart device usage, and the shift to on-demand viewing have further increased accessibility and fueled growth.
In 2024, the global video streaming market is valued at approximately <a href="https://www.fortunebusinessinsights.com/video-streaming-market-103057">$674.25 billion</a> and is expected to grow at a CAGR of 18.7% between 2024 and 2032, reaching an estimated value of $2.66 trillion, highlighting substantial opportunities within this dynamic industry.
Given these favorable trends, let's take a closer look at the Streaming Stocks.
Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN operates globally through its retail, advertising, and subscription services. A dominant force in the entertainment industry, AMZN leverages a diverse portfolio that includes streaming, digital media, gaming, and entertainment services. As the parent company of Amazon Prime Video, it provides an extensive selection of movies, TV shows, and original content, along with exclusive premium offerings such as live sports events through Amazon Prime Sports.
On December 9, AMZN and Intuit Inc. (<a href="https://stocknews.com/stock/INTU/">INTU</a>) announced a multi-year partnership to support Amazon sellers with Intuit's AI-driven platform, offering financial management tools, compliance support, and capital access. This collaboration aims to provide sellers with insights into profitability, cash flow, and tax liabilities to drive business growth.
On December 4, Amazon Web Services (AWS) and Grab Holdings Limited (<a href="https://stocknews.com/stock/GRAB/">GRAB</a>) announced a strategic partnership, with Grab selecting AWS as its preferred cloud provider. This collaboration will enable Grab to leverage AWS to drive growth in its mobility, delivery, and financial services.
During the fiscal third quarter that ended September 30, 2024, AMZN's total net sales increased 11% year-over-year to $158.88 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 55.6% from the year-ago value to $17.41 billion. In addition, the company's net income and EPS came in at $15.33 billion and $1.43, up 55.2% and 52.1% over the prior-year quarter, respectively.
Market expect AMZN's EPS and revenue for the fourth quarter ending December 31, 2024, to increase 47.3% and 10.2% year-over-year to $1.47 and $187.24 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters, which is impressive.
Over the past year, the stock has gained 57.8% to close the last trading session at $230.26. It soared 51.5% year-to-date.
AMZN's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
AMZN has an A grade in Sentiment and a B in Growth, Momentum, and Quality. It is ranked #15 out of 51 stocks in the A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry.
In addition, one can access AMZN's grades for Value and Stability <a href="https://stocknews.com/stock/AMZN/">here</a>.
Netflix, Inc. (<a href="https://stocknews.com/stock/NFLX/">NFLX</a>)
NFLX delivers a diverse range of entertainment products, including TV series, documentaries, feature films, and games, catering to audiences across various genres and languages.
On December 3, NFLX and Domino's Pizza (<a href="https://stocknews.com/stock/DPZ/">DPZ</a>) teamed up to promote the upcoming Squid Game season two by offering free Emergency Pizza for a year to low-scoring players at Squid Game: The Experience.
During the fiscal third quarter that ended September 30, 2024, NFLX's revenue increased 15% year-over-year to $9.83 million. Its operating income grew 51.8% from the year-ago value to $2.91 million. In addition, the company's net income and EPS came in at $2.36 million and $5.40, up 41% and 44.8% over the prior-year quarter, respectively.
Street expects NFLX's EPS and revenue for the fourth quarter ending December 31, 2024, to increase 100.1% and 14.8% year-over-year to $4.22 and $10.14 billion, respectively. It surpassed the Street revenue estimates in each of the trailing four quarters.
Over the past year, the stock has gained 103.7% to close the last trading session at $936.56. It soared 92.4% year-to-date.
NFLX's POWR Ratings reflect strong prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
NFLX has a B grade in Quality. It is ranked #20 out of 51 stocks in the Internet industry.
Beyond what we have stated above, we also have given NFLX grades for Growth, Value, Momentum, Stability, and Sentiment. Get all the NFLX's ratings <a href="https://stocknews.com/stock/NFLX/">here</a>.
The Walt Disney Company (<a href="https://stocknews.com/stock/DIS/">DIS</a>)
DIS offers a diverse range of entertainment products, including films, television content, streaming services, live events, theme parks, resorts, and merchandise. These products cater to global audiences, including families, sports enthusiasts, and entertainment consumers of all ages.
On December 4, DIS announced a 33% increase in its cash dividend, declaring $1 per share compared to $0.75 in fiscal year 2024, which is payable on January 16, 2025. It pays an annual dividend of $1, which translates to a dividend yield of 0.87% at the prevailing price levels.
On November 14, the merger of Viacom18's media and JioCinema businesses into Star India Private Limited, along with Reliance Industries' $1.36 billion investment, created a joint venture valued at $8.5 billion. This collaboration strengthened DIS's position in India by expanding its market reach and leveraging local synergies.
DIS' revenues increased 6.3% year-over-year to $22.57 billion in the fiscal 2024 fourth quarter that ended on September 28, 2024. Its income before income taxes came in at $948 million. Net income and earnings per share attributable to DIS came in at $460 million and $0.25, up 78.6% over the prior-year quarter.
Street expects DIS' revenue for the fiscal first quarter (ending December 31, 2024) to increase 4.9% year-over-year to $24.70 billion. Its EPS for the same quarter is expected to grow 17.6% from the prior year to $1.43. In addition, it surpassed the consensus revenue estimates in each of the trailing four quarters.
Shares of DIS have gained 24.3% over the past year to close the last trading session at $114.61. It soared 26.9% year-to-date.
DIS' bright prospects are apparent in its POWR Ratings.
It has an A grade in Sentiment. Within the <a href="https://stocknews.com/category/entertainment-media-producers/">Entertainment - Media Producers</a> industry, DIS is ranked #9 out of 13 stocks.
Click <a href="https://stocknews.com/stock/DIS/">here</a> to see DIS ratings for Growth, Value, Momentum, Stability, and Quality.
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Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
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<hr />
AMZN shares were unchanged in premarket trading Thursday. Year-to-date, AMZN has gained 51.55%, versus a 29.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/amzn-nflx-dis-3-streaming-giants-ending-the-year-on-a-high-note/>3 Streaming Giants Ending the Year on a High Note</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Streaming Giants Ending the Year on a High Note

The digital entertainment industry is rapidly evolving, with new innovations being introduced almost every day. In this ever-changing dynamic, fundamentally solid entertainment stocks Amazon (AMZN), Netflix (NFLX), and Roku (ROKU) could be solid buys. Keep reading... The digital entertainment industry is a rapidly evolving sector shaped by advancements in streaming technology, increasing global internet penetration, and rising consumer demand for on-demand content. So, quality streaming stocks Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>), Netflix, Inc. (<a href="https://stocknews.com/stock/NFLX/">NFLX</a>), and Roku, Inc. (<a href="https://stocknews.com/stock/ROKU/">ROKU</a>), which are capitalizing on these trends, introducing innovative solutions to meet the dynamic preferences of global audiences, might be ideal buys now.
The increasing consumption of online content and subscriptions to video streaming platforms are driven by the convenience and variety they offer. Additionally, the rise of remote work and rapid technological advancements are boosting the prospects of digital entertainment platforms.
Current trends in the U.S. suggest that consumer engagement with over-the-top (OTT) services will soar to an impressive <a href="https://smart1marketing.com/blog/the-rise-of-ott-viewing-in-the-u.s.-a-2024-outlook">254.2 million</a> people this year.
Further, the growing popularity of subscription-based models and the integration of interactive features have significantly influenced the industry, driving the expansion of streaming platforms and digital content consumption. Additionally, the rise of smart devices and enhanced connectivity has made digital entertainment more accessible than ever.
In 2024, the global online entertainment market size was estimated at approximately <a href="https://www.precedenceresearch.com/online-entertainment-market">$101.82 billion</a> and is projected to grow at a CAGR of 12.8% between 2024 and 2034, reaching $338.96 billion.
Considering these conducive trends, let's examine the Digital Entertainment stocks in detail.
Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>)
AMZN operates globally through its retail, advertising, and subscription services. It is a major player in the entertainment sector, driven by its diverse portfolio that spans streaming, digital media, gaming, and entertainment services. As the parent company of Amazon Prime Video, it offers a broad library of movies, TV shows, and original content, alongside premium offerings like sports events through Amazon Prime Sports. Amazon also invests heavily in gaming, particularly through its ownership of Twitch, a leading live-streaming platform for gamers.
AMZN's revenue has grown at a CAGR of 10.6% over the past three years and its operation income has risen at a CAGR of 28.9% over the same time frame.
On December 9, AMZN and Intuit Inc. (<a href="https://stocknews.com/stock/INTU/">INTU</a>) announced a multi-year partnership to support Amazon sellers with Intuit's AI-driven platform, offering financial management tools, compliance support, and capital access. This collaboration aims to provide sellers with insights into profitability, cash flow, and tax liabilities to drive business growth.
On December 5, AWS (Amazon Web Services) and Poolside announced a multi-year partnership to integrate Poolside's generative AI Assistant into Amazon Bedrock, enabling enterprises to customize AI tools for software development with their data while leveraging AWS's secure and scalable infrastructure.
During the fiscal third quarter that ended September 30, 2024, AMZN's total net sales increased 11% year-over-year to $158.88 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 55.6% from the year-ago value to $17.41 billion. In addition, the company's net income and EPS came in at $15.33 billion and $1.43, up 55.2% and 52.1% over the prior-year quarter, respectively.
Analysts expect AMZN's EPS and revenue for the fourth quarter ending December 31, 2024, to increase 47.3% and 10.2% year-over-year to $1.47 and $187.24 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters, which is promising.
Over the past year, the stock has gained 54.3% to close the last trading session at $225.04. It soared 48.1% year-to-date.
AMZN's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
AMZN has an A grade in Sentiment and a B in Growth, Momentum, and Quality. It is ranked #14 out of 52 stocks in the A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry.
Beyond what we have stated above, we also have given AMZN grades for Value and Stability. Get all the AMZN's ratings <a href="https://stocknews.com/stock/AMZN/">here</a>.
Netflix, Inc. (<a href="https://stocknews.com/stock/NFLX/">NFLX</a>)
NFLX delivers a diverse range of entertainment products, including TV series, documentaries, feature films, and games, catering to audiences across various genres and languages.
NFLX's revenue has grown at a CAGR of 9.5% over the past three years and its operation income has risen at a CAGR of 13.9% over the same time frame.
On December 3, NFLX and Domino's Pizza (<a href="https://stocknews.com/stock/DPZ/">DPZ</a>) teamed to promote the upcoming Squid Game season two by offering free Emergency Pizza for a year to low-scoring players at Squid Game: The Experience.
During the fiscal third quarter that ended September 30, 2024, NFLX's revenue increased 15% year-over-year to $9.83 million. Its operating income grew 51.8% from the year-ago value to $2.91 million. In addition, the company's net income and EPS came in at $2.36 million and $5.40, up 41% and 44.8% over the prior-year quarter, respectively.
Analysts expect NFLX's EPS and revenue for the fourth quarter ending December 31, 2024, to increase 100.1% and 14.8% year-over-year to $4.22 and $10.14 billion, respectively. It surpassed the Street revenue estimates in each of the trailing four quarters.
Over the past year, the stock has gained 98.6% to close the last trading session at $913.35. It soared 87.6% year-to-date.
NFLX's POWR Ratings reflect strong prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
NFLX has a B grade in Quality. It is ranked #19 out of 52 stocks in the Internet industry.
Beyond what we have stated above, we also have given NFLX grades for Growth, Value, Momentum, Stability, and Sentiment. Get all the NFLX's ratings <a href="https://stocknews.com/stock/NFLX/">here</a>.
Roku, Inc. (<a href="https://stocknews.com/stock/ROKU/">ROKU</a>)
ROKU operates a TV streaming platform, offering digital advertising and streaming services through its Platform segment and selling streaming players, Roku TVs, and smart home products through its Devices segment.
ROKU's revenue has grown at a CAGR of 15.2% over the past three years and its total assets have risen at a CAGR of 3.2% over the same time frame.
On October 9, ROKU and Instacart expanded their partnership to make TV moments shoppable, offering CPG advertisers interactive ads, better targeting, and closed-loop measurement while delivering personalized shopping experiences to consumers.
ROKU's total net revenue increased 16.5% year-over-year to $1.06 billion in the fiscal 2024 third quarter that ended on September 30, 2024. Its total gross profit came in at $480.1 million, up 30.2% year-over-year, while its free cash flow grew 56.1% from the year-ago value to $157.35 million.
Street expects ROKU's revenue for the fiscal fourth quarter (ending December 31, 2024) to increase 16.1% year-over-year to $1.14 billion. Its EPS for the same quarter is expected to grow 23.4% from the prior year. In addition, it surpassed the consensus revenue estimates in each of the trailing four quarters.
Shares of ROKU have gained 41.4% over the past six months to close the last trading session at $81.82.
ROKU's bright prospects are apparent in its POWR Ratings.
The company operates within the <a href="https://stocknews.com/category/consumer-goods/">Consumer Goods</a> industry and is ranked #44 out of 56 stocks.
Click <a href="https://stocknews.com/stock/ROKU/">here</a> to see ROKU's ratings for Growth, Value, Stability, Sentiment, Momentum, and Quality.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AMZN shares rose $0.21 (+0.09%) in premarket trading Wednesday. Year-to-date, AMZN has gained 48.11%, versus a 28.02% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/amzn-nflx-roku-3-digital-entertainment-companies-capitalizing-on-streaming-growth/>3 Digital Entertainment Companies Capitalizing on Streaming Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Digital Entertainment Companies Capitalizing on Streaming Growth

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