La cadena de opciones muestra datos clave de las opciones de acciones de Netflix a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Netflix..

Netflix (NASDAQ:NFLX) Bolsa, Cadena de Opciones

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.

News

Short Ideas

Pre-Market Outlook

Markets

Trading Ideas

DELL

NFLX

SWKS

Descubre las recientes ventas de insiders en Skyworks, Dell, Warner Music y Netflix, y cómo podrían influir en el mercado.

Netflix, Dell y otras 2 acciones que los insiders están vendiendo

Media

Disney enfrenta las consecuencias de una filtración masiva de datos, revelando información confidencial de Disney+, ESPN+ y parques temáticos.

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

Insider Trades

CROX

SIRI

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

Netflix, Crocs y otras 2 acciones que los insiders están vendiendo

Netflix Inc

NETFLIX ORD

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) shares are trading higher by 9% to $765.66 over the past week. The stock hit a new 52-week high after last week reporting better-than-expected <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406623/netflix-should-continue-to-outperform-6-analysts-on-streaming-stocks-q3-earnings">third-quarter financial results</a> and 14.4% growth in global streaming paid memberships.
Additionally, according to an earlier WSJ report, Netflix has closed its Southern California game studio, Team Blue, just under a year after its establishment, signaling a major change in the <a href="https://www.benzinga.com/general/gaming/24/10/41462659/netflix-ends-aaa-game-development-at-california-studio">company&#8217;s gaming strategy</a> following the exit of key executives.
What Happened With Earnings: Netflix saw its stock soar to new all-time highs last week following the release of its impressive third-quarter financial results after market close on Thursday. 
The streaming giant reported revenue of $9.825 billion, reflecting a 15% year-over-year increase and surpassing analysts' expectations of $9.769 billion. Additionally, the company achieved EPS of $5.40, beating the consensus estimate of $5.12.
As of the end of September, Netflix boasted 282.72 million global paid subscribers, up 14.4% from the previous year. The addition of 5.07 million new subscribers during the quarter, while lower than last year's 8.8 million, still underscores the company&#8217;s ongoing appeal in a competitive market. Subscriber engagement also remained strong, with members averaging approximately two hours of viewing per day.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41461948/boeing-stock-braces-for-bumpy-q3-landing">Boeing Stock Braces For Bumpy Q3 Landing</a>
Notably, Netflix&#8217;s ad-supported subscription model showed promise, with membership increasing by 35% quarter-over-quarter and accounting for over 50% of new sign-ups. The company plans to enhance its ad-tech offerings, aiming for a broader rollout in 2025.
What Else: Looking ahead, Netflix projected fourth-quarter revenue of $10.128 billion, a 14.7% increase year-over-year, and an EPS of $4.23, compared to $2.11 in the same period last year. 
With a slate of exciting content lined up—including the boxing match between Jake Paul and Mike Tyson and a new season of &#8220;Squid Game&#8221;—the company anticipates a boost in subscriber growth and engagement during the critical holiday season.
The company also provided a bullish long-term outlook, forecasting revenue between $43 billion and $44 billion by 2025.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41462140/stocks-fall-gm-eyes-best-day-in-a-year-gold-breaks-records-silver-hits-12-year-highs-whats-driving-">Stocks Fall, GM Eyes Best Day In A Year, Gold Breaks Records, Silver Hits 12-Year Highs: What&#8217;s Driving Markets Tuesday?</a>
<h2 class="wp-block-heading">Is NFLX A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/NFLX">Netflix</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Netflix does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 11.25%, you'll need to buy a share of First Trust Senior by the Nov. 1, 2024. Once done, you can expect to receive a nominal payout of $0.1 on Nov. 15, 2024.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/NFLX">Netflix</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NFLX has a 52-week high of $773.00 and a 52-week low of $395.62.

What's Going On With Netflix Stock?

Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) has shut down its Southern California AAA game studio, Team Blue, marking a significant shift in its <a href="https://www.benzinga.com/general/gaming">gaming ambitions. </a>
The closure comes less than a year after the studio's formation and amid the departure of several high-profile executives brought in to spearhead a big-budget project.
See Also: <a href="https://www.benzinga.com/general/gaming/24/09/40802898/netflix-games-hit-210m-downloads-which-game-took-the-no-1-spot">Netflix Games Hit 210M Downloads: Which Game Took The No. 1 Spot?</a>
As first <a href="https://www.gamefile.news/p/netflix-team-blue-socal-studio">reported</a> by Game File, Netflix confirmed the closure of its fifth internal studio. Three key figures — studio lead Chacko Sonny, creative director Joseph Staten, and art director Rafael Grassetti — have left the company. 
Sonny, a veteran in the gaming industry and former executive producer on Overwatch, was hired in October 2022 to lead Team Blue. Staten, known for his work on Halo, joined in April 2023 to develop a new AAA intellectual property (IP), while Grassetti, who was art director on God of War, came on board in May 2023 to collaborate on the same project.
The studio was reportedly pursuing a &#8220;big-budget multi-device strategy,&#8221; according to Game File. The project never reached a stage where details about the game were publicly released.
The closure also coincides with broader changes within Netflix's gaming division. Just last week, Netflix Games President Alain Tascan announced the hiring of Jeet Shroff, a former vice president of games development at Epic Games.
Shroff has taken on the role of vice president of games tech and portfolio development at Netflix. His hiring was part of a restructuring effort that reportedly included a round of layoffs impacting 35 employees across the company's gaming division, as <a href="https://www.businessinsider.com/netflix-shakes-up-gaming-division-new-epic-hire-layoffs-2024-10">noted </a>by Business Insider.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/09/40954271/netflix-boosts-its-burgeoning-game-library-with-civilization-vi-and-street-fighter-iv-and-y">Netflix Boosts Its Burgeoning Game Library With Civilization VI And Street Fighter IV, And You Can Play Them At No Extra Cost</a></li>
</ul>
Photo: Shutterstock.

Gaming

Management

General

Netflix Ends AAA Game Development At California Studio

<a href="https://www.wsj.com/business/media/netflix-backs-out-of-plan-to-develop-blockbuster-videogame-9e9b75ce?mod=latest_headlines">https://www.wsj.com/business/media/netflix-backs-out-of-plan-to-develop-blockbuster-videogame-9e9b75ce?mod=latest_headlines</a>
&nbsp;
<a href="https://www.wsj.com/market-data/quotes/NFLX">Netflix</a> is giving up on making the videogame equivalent of a Hollywood blockbuster and will instead focus on producing casual games going forward.
The streaming giant earlier this month pulled the plug on developing its own high-end game—what the industry calls a Triple-A title—less than a year into development, a spokeswoman confirmed. The company laid off a team of about 30 people in Southern California, including high-profile veterans who worked on franchises such as <a href="https://www.wsj.com/market-data/quotes/MSFT">Microsoft</a>'s Halo and <a href="https://www.wsj.com/market-data/quotes/JP/XTKS/6758">Sony</a>'s God of War. The project was a multiplayer shooter game, according to a person familiar with the matter.&nbsp;

'Netflix Backs Out Of Plan To Develop Blockbuster Videogame; Company Laid Off A Team Of About 30 People In Southern California Who Worked On Franchises Such As Microsoft's Halo And Sony's God Of War' - WSJ

Investors with a lot of money to spend have taken a bearish stance on Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NFLX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 24 uncommon options trades for Netflix.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 37%, bearish.
Out of all of the special options we uncovered, 11 are puts, for a total amount of $959,772, and 13 are calls, for a total amount of $1,098,879.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $280.0 to $920.0 for Netflix during the past quarter. 
<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 $280.0 to $920.0 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/2024/1729604792_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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$4.6</td>
<td>$4.5</td>
<td>$4.57</td>
<td>$755.00</td>
<td>$303.6K</td>
<td>1.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$35.1</td>
<td>$30.0</td>
<td>$32.7</td>
<td>$770.00</td>
<td>$246.5K</td>
<td>1.1K</td>
<td>85</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$12.0</td>
<td>$10.05</td>
<td>$10.1</td>
<td>$710.00</td>
<td>$185.1K</td>
<td>219</td>
<td>60</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$26.75</td>
<td>$20.8</td>
<td>$23.2</td>
<td>$790.00</td>
<td>$136.8K</td>
<td>536</td>
<td>59</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$32.25</td>
<td>$30.8</td>
<td>$32.25</td>
<td>$770.00</td>
<td>$126.2K</td>
<td>1.1K</td>
<td>120</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.
<h3>Current Position of Netflix</h3>
<ul>
<li>With a volume of 154,334, the price of NFLX is down -0.99% at $764.42. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 91 days.</li>
</ul>
<h3>Expert Opinions on Netflix</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $819.0.
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 Guggenheim persists with their Buy rating on Netflix, maintaining a target price of $810. 
&#x2A; Maintaining their stance, an analyst from Pivotal Research continues to hold a Buy rating for Netflix, targeting a price of $925. 
&#x2A; Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Netflix with a target price of $800. 
&#x2A; Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Hold rating for Netflix, targeting a price of $760. 
&#x2A; Showing optimism, an analyst from Piper Sandler upgrades its rating to Overweight with a revised price target of $800. 
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.

Options

Netflix's Options Frenzy: What You Need to Know

Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) stock traded lower on Tuesday after it reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41447766/verizon-delivers-strong-third-quarter-results-with-customer-growth-in-mobility-extending-industry-" rel="noreferrer noopener">fiscal&nbsp;third-quarter results</a>.&nbsp;
Its sales growth was flat year over year, reaching $33.33 billion, marginally missing the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $33.43 billion</a>. Service and other revenue growth was offset by declines in wireless equipment revenue.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41377782/nokia-q3-earnings-miss-ceo-cites-telecom-weakness-and-anticipates-india-demand-rebound" rel="noreferrer noopener">Nokia Q3: Earnings Miss, CEO Cites Telecom Weakness And Anticipates India Demand Rebound</a>
Adjusted EPS of $1.19 beat the&nbsp;analyst&nbsp;consensus estimate of $1.18.
Total wireless service revenue was $19.8 billion, up 2.7% year over year, driven by pricing actions and growth from fixed wireless connections.
Postpaid phone net additions were 239,000. Verizon's retail postpaid net additions were 349,000.
The quarter saw 389,000 total broadband net additions.&nbsp;The company ended the quarter with 11.9 million broadband subscribers, up 16.0% year over year.
Verizon's total fixed wireless net additions stood at 363,000 in the quarter, beating Fact Set estimates of 218,100 aided by promotional offers and bundling 5G with streaming services like Netflix&nbsp;Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), CNBC <a target="_blank" href="https://www.cnbc.com/2024/10/22/verizon-vz-q3-earnings.html" rel="noreferrer noopener">reports</a>.
At the end of the third quarter of 2024, the company had a nearly 4.2 million fixed wireless subscribers base. The company reached its fixed wireless subscriber target 15 months ahead of schedule.
Total Verizon Business revenues were $7.4 billion, down 2.3% Y/Y. Total Verizon Consumer revenue rose by 0.4% Y/Y to $25.4 billion.&nbsp;Consumer wireless retail postpaid churn was 1.07%, and wireless retail postpaid phone churn was 0.84%.&nbsp;
Verizon Consumer clocked wireless retail postpaid phone net additions of 81,000, up from 51,000 net losses Y/Y. Verizon Consumer had fixed wireless net additions of 209,000.
Verizon's net income declined to $3.4 billion from $4.9 billion a year ago due to $1.7 billion in severance charges resulting from a voluntary separation program and other headcount reduction initiatives.
The consumer segment EBITDA margin improved by 60 bps 43.4%, attributed to service revenue growth and lower upgrade volumes, while the business segment EBITDA margin declined 30 bps to 21.8%, driven by wireline revenue declines.&nbsp;
Company-level adjusted EBITDA of $12.5 billion, up from $12.2 billion Y/Y.
Verizon&#8217;s year-to-date free cash flow was $14.5 billion, down from $14.6 billion Y/Y.
FY24 Outlook: Verizon&nbsp;reiterated a 2.0%–3.5%&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39883078/verizon-q2-earnings-wireless-revenue-and-broadband-subs-gain-traction-sales-fall-short-of-expectati" rel="noreferrer noopener">wireless service revenue</a> growth. It maintained an adjusted EPS of $4.50 – $4.70 versus&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $4.57</a>.
Price action:&nbsp;VZ stock is down 3.07% at $42.36 premarket at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41000661/t-mobile-to-raise-2-5b-via-debt-for-buybacks-and-growth" target="_blank" rel="noreferrer noopener">T-Mobile To Raise $2.5B Via Debt For Buybacks and Growth</a></li>
</ul>
Photo by JHVEPhoto via Shutterstock

Earnings

Guidance

Movers

Tech

Verizon Q3 Earnings: Wireless Subs Boost with 5G Offers, $1.7B Severance Charge Hit To Profit, Reiterates Annual Outlook

Analyst Ratings

CSCO

CWST

IONQ

CNBC Halftime Report Final Trades: Cisco Systems, Casella Waste Systems, IonQ, Netflix

Whales with a lot of money to spend have taken a noticeably bullish stance on Netflix.
Looking at options history for Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) we detected 33 trades.
If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $1,062,449 and 19, calls, for a total amount of $1,184,151.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $1110.0 for Netflix during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</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 $5.0 to $1110.0 in the last 30 days. 
<h3>Netflix 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729521931_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$73.45</td>
<td>$72.65</td>
<td>$72.65</td>
<td>$770.00</td>
<td>$225.5K</td>
<td>5</td>
<td style="text-align: right;">32</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$11.7</td>
<td>$11.1</td>
<td>$11.7</td>
<td>$760.00</td>
<td>$222.3K</td>
<td>1.4K</td>
<td style="text-align: right;">731</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$90.7</td>
<td>$89.35</td>
<td>$90.0</td>
<td>$850.00</td>
<td>$99.0K</td>
<td>116</td>
<td style="text-align: right;">72</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$89.0</td>
<td>$87.9</td>
<td>$88.45</td>
<td>$850.00</td>
<td>$97.2K</td>
<td>116</td>
<td style="text-align: right;">57</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$88.4</td>
<td>$87.05</td>
<td>$87.83</td>
<td>$850.00</td>
<td>$96.6K</td>
<td>116</td>
<td style="text-align: right;">46</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.
Following our analysis of the options activities associated with Netflix, we pivot to a closer look at the company's own performance.
<h3>Netflix's Current Market Status</h3>
<ul>
<li>With a volume of 1,678,582, the price of NFLX is down -0.14% at $762.8. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 92 days.</li>
</ul>
<h3>What The Experts Say On Netflix</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $701.0.
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 Oppenheimer keeps a Outperform rating on Netflix with a target price of $825. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Underweight rating on Netflix with a target price of $550. 
&#x2A; Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Hold rating on Netflix with a target price of $760. 
&#x2A; An analyst from Benchmark has revised its rating downward to Sell, adjusting the price target to $545. 
&#x2A; An analyst from UBS persists with their Buy rating on Netflix, maintaining a target price of $825. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Netflix with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Check Out What Whales Are Doing With NFLX

U.S. stocks settled higher on Friday, with the Dow Jones index and S&amp;P 500 jumping to fresh record highs during the session. All three major indices recorded gains for the sixth straight week, with the Dow and S&amp;P 500 gaining 0.96% and 0.85%, respectively. The Nasdaq, meanwhile, added 0.80% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Leo Mariani
<ul>
<li>Analyst Firm: Roth MKM</li>
<li>Ratings Accuracy: 88%</li>
<li>Latest Rating: Maintained a Buy rating on Viper Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) and raised the price target from $46 to $53 on Oct. 16. This analyst sees around 4% upside in the stock.</li>
<li>Recent News: On Sept. 12, Viper Energy priced an upsized public offering of 10 million Class A common shares at $42.50 per share.</li>
</ul>
Analyst: Philip Gibbs
<ul>
<li>Analyst Firm: Keybanc</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Downgraded rating on Universal Stainless &amp; Alloy Products, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAP#NASDAQ">USAP</a>) from Overweight to Sector Weight with a price target of $46 on Oct. 18. This analyst sees around 6% upside in the stock.</li>
<li>Recent News: On Oct. 17, Universal Stainless &amp; Alloy Products disclosed that it has entered into a definitive agreement for an all-cash acquisition by Luxembourg-based Aperam.</li>
</ul>
Analyst: Lloyd Walmsley
<ul>
<li>Analyst Firm: UBS</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Buy rating on Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and raised the price target from $102 to $114 on Oct. 18. This analyst sees around 44% upside in the stock.</li>
<li>Recent News: Uber Technologies is working towards its goal of transforming into a zero-emission platform with measures including the introduction of an AI assistant on the driver app to help with EV-related queries, company CEO Dara Khosrowshahi recently said.</li>
</ul>
Analyst: Chris Kotowski
<ul>
<li>Analyst Firm: Oppenheimer</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Outperform rating on Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and cut the price target from $92 to $91 on Oct. 16. This analyst sees around 45% surge in the stock.</li>
<li>Recent News: On Oct. 15, Citigroup reported better-than-expected third-quarter EPS and sales results.</li>
</ul>
Analyst: Doug Anmuth
<ul>
<li>Analyst Firm: JP Morgan</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and boosted the price target from $750 to $850 on Oct. 18. This analyst sees around 11% upside in the stock.</li>
<li>Recent News: On Oct. 17, Netflix reported better-than-expected third-quarter financial results and 14.4% growth in global streaming paid memberships.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41402086/wall-streets-most-accurate-analysts-give-their-take-on-3-financials-stocks-delivering-hi">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Financials Stocks Delivering High-Dividend Yields</a></li>
</ul>

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UBER

USAP

VNOM

This Analyst With 85% Accuracy Rate Sees Around 11% Upside In Netflix - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index moved to the &#8220;Extreme Greed&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index and S&amp;P 500 jumping to fresh record highs during the session.
All three major indices recorded gains for the sixth straight week, with the Dow and S&amp;P 500 gaining 0.96% and 0.85%, respectively. The Nasdaq, meanwhile, added 0.80% last week.
On the economic data front, U.S. housing starts fell by 0.5% from the previous month to an annualized rate of 1.354 million units in September. Building permits declined by 2.9% to an annual rate of 1.428 million in September.
Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) shares jumped around 11% on Friday after the company reported better-than-expected third-quarter earnings. The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) posted upbeat quarterly earnings, while revenue missed estimates.
As far as the earnings season is concerned, over 70 S&amp;P 500 companies have released quarterly results so far, with around 75% of those exceeding market estimates.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, communication services, and real estate stocks recording the biggest gains on Friday. However, energy stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 37 points to 43,275.91 on Friday. The S&amp;P 500 gained 0.40% to rise to 5,864.67, while the Nasdaq Composite rose 0.63% to close at 18,489.55 during Friday's session.
Investors are awaiting earnings results from SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>), Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), and Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 75, the index moved to the &#8220;Extreme Greed&#8221; zone on Friday, versus a prior reading of 70.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41402086/wall-streets-most-accurate-analysts-give-their-take-on-3-financials-stocks-delivering-hi">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Financials Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

LOGI

Dow, S&P 500 Settle At Record High Levels, Record 6th Consecutive Week Of Gains: Fear Index Moves To 'Extreme Greed' Zone

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The three major stock indices extended their winning streak to six consecutive weeks, marking the longest stretch of gains for both the Dow Jones and S&amp;P 500 this year. The Dow rose 0.96%, the S&amp;P 500 increased by 0.85%, and the Nasdaq advanced 0.80%.
Retail sales in September exceeded expectations, and a significant drop in jobless claims added to the view that the U.S. economy is still robust. This strong economic momentum has led some analysts to reassess the Federal Reserve&#8217;s future course of action, with many now questioning the likelihood of additional interest rate cuts.
However, rising Treasury yields have impacted the housing market, causing a sharp increase in mortgage rates and a corresponding drop in mortgage applications. Homebuyer demand experienced its steepest decline since April 2020, as potential buyers pulled back due <a href="https://www.benzinga.com/markets/asia/24/10/41411026/bank-earnings-propel-wall-street-to-record-peaks-oil-plunges-below-70-gold-shines-at-all-time-highs">to the higher borrowing costs.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/markets/equities/24/10/41328252/apples-iphone-16-powers-record-sales-in-q3-just-behind-samsung-in-global-market-share-battle">Apple&#8217;s iPhone 16 Powers Record Sales In Q3, Just Behind Samsung In Global Market Share Battle</a>,&#8221; by <a href="https://www.benzinga.com/author/rounak-jain">Rounak Jain</a>, reports that Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) achieved record iPhone sales in Q3 2024, securing 18% global market share, just behind Samsung Electronics Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>), as the global smartphone market grows by 5% year-over-year.
&#8220;<a href="https://www.benzinga.com/news/24/10/41321236/sam-altmans-oklo-jumps-on-google-nuclear-deal-whats-going-on">Sam Altman&#8217;s Oklo Jumps On Google Nuclear Deal: What&#8217;s Going On?</a>,&#8221; by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, reports on Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) shares rising after Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) announced plans to use nuclear energy, with speculation that Sam Altman&#8216;s connections may position Oklo for future deals with tech giants.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41374086/dogecoin-shiba-inu-pepe-may-have-overtaken-these-nasdaq-listed-companies-toward-billion-do">Dogecoin, Shiba Inu, Pepe May Have Overtaken These Nasdaq-Listed Companies Toward Billion-Dollar Valuations, But There&#8217;s A Catch</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, reports on how meme coins like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), and Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) reached billion-dollar valuations faster than traditional companies like Nutanix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) and Nice Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>).
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406623/netflix-should-continue-to-outperform-6-analysts-on-streaming-stocks-q3-earnings">Netflix &#8216;Should Continue To Outperform&#8217;: 6 Analysts On Streaming Stock&#8217;s Q3 Earnings</a>
<a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41342499/unlikely-s-p-500-stock-leaves-nvidia-behind-with-241-gain-in-2024">Unlikely S&amp;P 500 Stock Leaves Nvidia Behind With 241% Gain In 2024</a>
<a href="https://www.benzinga.com/markets/equities/24/10/41364980/russell-2000-poised-for-major-technical-breakout-analyst-eyes-a-trend-reversal-in-favor-of-small">Russell 2000 Poised For Major Technical Breakout: Analyst Eyes &#8216;A Trend Reversal In Favor Of Small Caps Outperforming&#8217; S&amp;P 500</a>
The Bears
&#8220;<a href="https://www.benzinga.com/general/biotech/24/10/41381861/moderna-hit-with-another-lawsuit-related-to-key-covid-19-vaccine-technology">Moderna Hit With Another Lawsuit Related To Key COVID-19 Vaccine Technology</a>,&#8221; by <a href="https://www.benzinga.com/author/vandana-singh">Vandana Singh</a>, reports that Northwestern University has sued Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) for allegedly using its lipid nanoparticle technology in COVID-19 vaccines like Spikevax without permission, seeking damages for patent infringement.
&#8220;<a href="https://www.benzinga.com/news/24/10/41385546/ftc-click-to-cancel-rule-makes-it-easy-to-end-subscriptions-what-it-means-for-netflix-planet-fitness">FTC &#8216;Click-To-Cancel&#8217; Rule Makes It Easy To End Subscriptions: What It Means For Netflix, Planet Fitness And More</a>,&#8221; by <a href="https://www.benzinga.com/author/erica-kollmann">Erica Kollmann</a>, reports that the Federal Trade Commission&#8217;s new rule aims to simplify canceling subscriptions, impacting companies like Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Planet Fitness Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>) by requiring them to make a cancellation as easy as signing up.
&#8220;<a href="https://www.benzinga.com/news/24/10/41393244/tesla-has-a-new-chinese-electric-vehicle-competitor-how-a-company-that-used-to-sell-cheap-tvs-is-ent">Tesla Has A New Chinese Electric Vehicle Competitor: How A Company That Used To Sell Cheap TVs Is Entering EV Race</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, reports that Chinese company Skywell, known for selling affordable Skyworth TVs, unveiled the Q hatchback EV at the Paris Auto Show, marking its entry into the EV space and potentially challenging Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with competitively priced models.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/news/24/10/41354045/as-boeing-workers-enter-second-month-of-strike-rival-airbus-reportedly-plans-to-cut-2-500-jobs">As Boeing Workers Enter Second Month Of Strike, Rival Airbus Reportedly Plans To Cut 2,500 Jobs</a>
<a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle">Meta Confirms Layoffs Across Instagram, WhatsApp And Reality Labs Amid Strategic Reshuffle</a>
<a href="https://www.benzinga.com/news/24/10/41375886/warren-buffetts-stock-sales-point-to-overvalued-market-says-hedge-fund-manager-david-einhorn-not-a-g">Warren Buffett&#8217;s Stock Sales Point To Overvalued Market, Says Hedge Fund Manager David Einhorn: &#8216;Not A Great Time To Have A Lot Of Equity Exposure&#8217;</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
Image created using artificial intelligence via Midjourney.

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Benzinga Bulls And Bears: Apple, Tesla, Netflix, Oklo — And Dogecoin, Meme Coins Outpace Corporate Giants

Wall Street powered ahead this week as stronger-than-expected bank earnings and upbeat guidance pushed the S&amp;P 500 and Dow Jones <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41331839/financial-sector-hits-record-highs-as-goldman-sachs-bank-of-america-citi-beat-q3-ea">Industrial Average to record highs.</a>
The September retail sales report positively surprised expectations, while a notable drop in weekly jobless claims reinforced the perception that the <a href="https://www.benzinga.com/news/retail-sales/24/10/41379775/september-retail-sales-exceed-estimates-jobless-claims-fall-more-than-expected">U.S. economy remains strong.</a>
This momentum has led some economists to reconsider their expectations for the <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41386234/strong-september-retail-sales-put-feds-next-move-in-doubt-interest-rate-cuts-are-">Federal Reserve's next move</a>, with growing doubts about the likelihood of further interest rate cuts as the economy races at full throttle.
The recent upswing in Treasury yields brought a twist to the housing market, sending mortgage rates soaring <a href="https://www.benzinga.com/markets/24/10/41376716/mortgage-demand-sees-sharpest-weekly-drop-since-april-2020-as-rates-climb-above-6-5">and hammering mortgage demand.</a> Homebuyers pulled back sharply, with mortgage applications recording the sharpest weekly plunge since the depths of the pandemic in April 2020.
In the commodities market, oil prices tumbled below the $70-per-barrel mark, marking their worst weekly performance since December 2022. The selloff was triggered by a slight easing of tensions in the Middle East, though the geopolitical landscape remains fraught with risk.
<h3 class="wp-block-heading">Gold's Bullish Trend</h3>
Gold, as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), shined bright this week, surging to an all-time high above $2,700 per ounce. The precious metal logged four consecutive days of gains, cementing its status as a safe-haven asset ahead of the highly awaited U.S. presidential elections. Bank of America sees further upside <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41390144/gold-could-reach-3-000-by-2025-bank-of-america-analyst-says-ultimate-perceived-safe">to $3,000 per ounce</a>. 
<h3 class="wp-block-heading">Netflix Beats Expectations</h3>
Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reported strong third-quarter earnings, exceeding both revenue and EPS forecasts, and provided bullish guidance for the fourth quarter. The streaming giant anticipates a significant subscriber boost, largely driven by the popularity of &#8220;Squid Game&#8221; and its <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">upcoming global content expansions.</a>
<h3 class="wp-block-heading">Bitcoin ETF Inflows</h3>
BlackRock&#8217;s iShares Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NYSE">IBIT</a>) saw strong inflows, surpassing $1 billion in a week, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41403554/blackrocks-bitcoin-etf-gobbles-up-1b-this-week-fidelity-leads-among-ethereum-etfs-with-31m">indicating strong institutional interest.</a> Fidelity leads Ethereum ETFs with $31 million in assets, reflecting growing demand for cryptocurrency exposure in traditional investment vehicles.
<h3 class="wp-block-heading">iPhone 16 Sales</h3>
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)'s iPhone 16 experienced a 20% sales increase in China, fueled by strong demand. The absence of AI capabilities led to early price cuts, highlighting competitive market pressures and evolving consumer expectations <a href="https://www.benzinga.com/government/24/10/41399541/apple-iphone-16-sees-20-sales-surge-in-china-but-ai-absence-prompts-early-price-cuts">for advanced smartphone features.</a>
Read Now:
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IBIT

Bank Earnings Propel Wall Street To Record Peaks, Oil Plunges Below $70, Gold Shines At All-Time Highs: This Week In The Market

Netflix Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) surpassed estimates with its third quarter financials as it continued to pivot towards an ad-supported membership model to keep its rivals at bay, including Disney+ from Walt Disney Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>) and Amazon Prime from Amazon.com Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>).
Considered as one of its main threats even before it officially entered the streaming scene, Disney has finally reached the profitability shore with its streaming business during the third quarter. Moreover, Disney achieved profitability across its combined streaming business a quarter ahead of its previous guidnace But even the world&rsquo;s biggest entertainment company needed a page from Netflix&rsquo;s book when it comes to streaming, as Disney followed Netflix&#39;s footsteps in deciding&nbsp;to crack down on password sharing and pursue new opportunities with ad-supporting plans.&nbsp;A year after its prior hikes, Disney is again raising prices for Disney Plus, Hulu and ESPN.
<h3>Netflix&rsquo;s Third Quarter Highlights</h3>
For the quarter ended on September 30th, the streaming giant reported revenue grew&nbsp;15%&nbsp;to&nbsp;$9.83 billion.
The ad-supported membership tier reported 35% growth on a quarter-over-quarter basis. While&nbsp;ads are not expected to become a primary growth fuel until 2026, Netflix executives did reveal that the ad-tier accounted for over 50% of sign-ups during the quarter in the countries where it&rsquo;s available.
Netflix reported earnings per share of $5.40, suprassing LSEG&rsquo;s consensus estimate of&nbsp;$5.12 per share, surging 45% YoY.
An upbeat December quarter outlook.
Netflix expects fourth-quarter revenue to rise 14.7%. As for 2025, Netflix guided for a revenue range between $43 billion and $44 billion, which implies revenue growth of 11% to 13% from its guided 2024 revenue of $38.9 billion.
<h3>Netflix Gets To Keep Its Streaming Crown</h3>
From establishing restrictions on account sharing to building an advertising business, Netflix has managed to reinvigorate its business and keep its streaming crown. With its latest quarter, it crushed earnings expectations, soaring to fresh all-time highs to end the week. Moving forward,&nbsp;user engagement, what Netflix evaluates as the best proxy for member happiness, will be the main point of the streaming king&rsquo;s narrative, along with the evolution and growth of its advertising business. Netflix is delivering on its promises and for now, the road ahead seems clear despite a crowded streaming landscape.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Entertainment

AMZN

Netflix's Smashing Quarter Reflects A Shift In Priorities

This week, the Vanguard S&amp;P 500 ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NASDAQ">VOO</a>) saw a roughly 0.7% gain, reflecting a broadly positive sentiment on Wall Street driven by a combination of upbeat earnings and <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41386234/strong-september-retail-sales-put-feds-next-move-in-doubt-interest-rate-cuts-are-">macroeconomic factors</a>. 
VOO, which is designed to track the performance of the S&amp;P 500, benefits from movements in its underlying components, making it a key barometer for the overall U.S. stock market.
What&#8217;s Happening: One of the major drivers for VOO's upward movement was a strong start to earnings season that boosted investor confidence. Notably, Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) surged 10% <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406623/netflix-should-continue-to-outperform-6-analysts-on-streaming-stocks-q3-earnings">after reporting an earnings beat</a>.
As Netflix is a significant part of the S&amp;P 500, its performance positively influenced VOO's price. Other companies, such as Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>), which jumped over 9% on earnings, further contributed to the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406234/intuitive-surgical-posts-q3-earnings-beat-these-analysts-raise-forecasts-on-dv5-upt">bullish market sentiment</a>.
On Thursday, semiconductor stocks fueled a major push for the S&amp;P 500, as <a href="https://www.benzinga.com/news/earnings/24/10/41373163/nvidia-supplier-tsmc-reports-q3-revenue-earnings-beat-amid-rising-demand-for-ai-chips">strong earnings</a> from Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSMC#NYSE">TSMC</a>) invigorated investor confidence in the tech sector.
Read Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41407647/spy-reaches-600-billion-in-assets-oldest-us-etf-hits-milestone-as-all-time-highs-conti">SPY Reaches $600 Billion In Assets: Oldest US ETF Hits Milestone As All-Time Highs Continue</a>
This semiconductor rally played a pivotal role in driving the S&amp;P 500 higher, and by extension, VOO, as technology remains one of the largest sectors in the index.
What Else: Gold miners saw strong momentum as gold prices reached new record highs, with the VanEck Gold Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NASDAQ">GDX</a>) climbing nearly 4% Friday.
While VOO's exposure to gold miners is limited, the broader gains in commodity-related sectors helped balance weaker performances in sectors like energy.
Macroeconomic data released on Thursday also played a role in sustaining the market's positive momentum. September retail sales exceeded expectations, signaling robust consumer spending, while jobless claims fell, underscoring labor market strength. 
Although the positive data slightly diminished hopes for Federal Reserve rate cuts in November, it reinforced the view of economic resilience, which supported investor sentiment across equity markets. VOO, as a broad-market ETF, was a key beneficiary of this optimism.
Read Also: <a href="https://www.benzinga.com/exclusives/24/10/41405659/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a>

Market Vectors ETF Trust Market Vectors Gold Miners

ISRG

TSMC

What's Going On With Vanguard S&P 500 ETF (VOO) This Week?

Wall Street was in positive territory in Friday midday trading, buoyed by upbeat quarterly earnings reports that kept <a href="https://www.benzinga.com/markets">investor sentiment bullish.</a>
Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) surged 10% to fresh record highs after delivering a strong earnings beat. The tech-heavy Nasdaq 100 rose 0.8%, pushing its weekly performance into positive territory for the sixth consecutive week.
The S&amp;P 500 and Dow also edged higher, both on track for the sixth straight week of gains, with the Dow flirting with all-time highs.
Gold miners led industry performance as gold prices hit new record levels above $2,700 per ounce. The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) soared over 4%, hitting the highest level in over four years. Friday is poised to mark the fourth straight session of gains for both gold and silver, with silver jumping over 3%, heading for its best day since late September.
West Texas Intermediate (WTI) crude prices tumbled more than 2%, slipping below the $70-per-barrel mark. WTI is down over 8% for the week, on pace for its worst weekly decline since January.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbed 2.8% to above $68,800.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,352.25</td>
<td>0.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,870.75</td>
<td>0.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,300.82</td>
<td>0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,279.45</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:55 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent101824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.5% to $585.12.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.1% higher to $433.01.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.8% to $495.21.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) stalled at $226.03.</li>
<li>The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 0.9%. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 0.6%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Stocks moving in reaction to earnings reports were Intuitive Surgical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>), up over 9%, Crown Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>), up over 4%, Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>), down 6%, American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), down 2.4%, Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) down 0.4%, Schlumberger N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) down 3.3%, Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>), down 1.7%, Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>), down 1% and Comerica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>), up 4%. </li>
<li>Lamb Weston Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) soared 10% following a report indicating that activist investor&nbsp;Jana Partners&nbsp;has built a 5% stake in the company.</li>
<li>CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) fell over 6% after the company replaced its CEO and cut its third-quarter outlook.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406623/netflix-should-continue-to-outperform-6-analysts-on-streaming-stocks-q3-earnings">Netflix &#8216;Should Continue To Outperform&#8217;: 6 Analysts On Streaming Stock&#8217;s Q3 Earnings</a></li>
</ul>
Photo via Shutterstock.

Analyst Color

Sector ETFs

Broad U.S. Equity ETFs

Treasuries

$BTC

ALLY

SPDR Dow Jones Industrial Average ETF Trust

FITB

Stocks Rise, Netflix Soars To Record Highs, Oil Falls Below $70, Gold Miners Rally: What's Driving Markets Friday?

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 $775 to $825.

Oppenheimer Maintains Outperform on Netflix, Raises Price Target to $825

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Communication Services sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BILI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$29.00</td>
<td>$46.9K</td>
<td>10.8K</td>
<td>9.8K</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$165.00</td>
<td>$33.5K</td>
<td>2.8K</td>
<td>1.5K</td>
</tr>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$28.00</td>
<td>$29.2K</td>
<td>741</td>
<td>903</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$117.00</td>
<td>$174.5K</td>
<td>32</td>
<td>320</td>
</tr>
<tr>
<td>LUMN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.50</td>
<td>$83.2K</td>
<td>26.4K</td>
<td>261</td>
</tr>
<tr>
<td>DJT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$35.00</td>
<td>$43.2K</td>
<td>1.8K</td>
<td>148</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$820.00</td>
<td>$37.8K</td>
<td>24</td>
<td>145</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$100.00</td>
<td>$53.5K</td>
<td>1.0K</td>
<td>118</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$510.00</td>
<td>$101.5K</td>
<td>341</td>
<td>10</td>
</tr>
<tr>
<td>RDDT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$25.00</td>
<td>$28.6K</td>
<td>42</td>
<td>10</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For BILI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on November 15, 2024. This event was a transfer of 1200 contract(s) at a $29.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $46.9K, with a price of $39.0 per contract. There were 10897 open contracts at this strike prior to today, and today 9806 contract(s) were bought and sold. 
• Regarding GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on October 25, 2024. Parties traded 129 contract(s) at a $165.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $33.5K, with a price of $260.0 per contract. There were 2831 open contracts at this strike prior to today, and today 1533 contract(s) were bought and sold. 
• Regarding ASTS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on October 25, 2024. Parties traded 150 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $29.2K, with a price of $195.0 per contract. There were 741 open contracts at this strike prior to today, and today 903 contract(s) were bought and sold. 
• For TTD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on November 8, 2024. This event was a transfer of 221 contract(s) at a $117.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $174.5K, with a price of $790.0 per contract. There were 32 open contracts at this strike prior to today, and today 320 contract(s) were bought and sold. 
• For LUMN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>), we notice a call option trade that happens to be bullish, expiring in 91 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $83.2K, with a price of $416.0 per contract. There were 26484 open contracts at this strike prior to today, and today 261 contract(s) were bought and sold. 
• For DJT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), we notice a call option trade that happens to be bullish, expiring in 21 day(s) on November 8, 2024. This event was a transfer of 60 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $43.2K, with a price of $720.0 per contract. There were 1845 open contracts at this strike prior to today, and today 148 contract(s) were bought and sold. 
• For NFLX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), we notice a put option trade that happens to be bullish, expiring in 91 day(s) on January 17, 2025. This event was a transfer of 5 contract(s) at a $820.00 strike. The total cost received by the writing party (or parties) was $37.8K, with a price of $7565.0 per contract. There were 24 open contracts at this strike prior to today, and today 145 contract(s) were bought and sold. 
• Regarding BIDU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), we observe a call option sweep with bullish sentiment. It expires in 154 day(s) on March 21, 2025. Parties traded 60 contract(s) at a $100.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $53.5K, with a price of $893.0 per contract. There were 1051 open contracts at this strike prior to today, and today 118 contract(s) were bought and sold. 
• For META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we notice a call option trade that happens to be neutral, expiring in 154 day(s) on March 21, 2025. This event was a transfer of 10 contract(s) at a $510.00 strike. The total cost received by the writing party (or parties) was $101.5K, with a price of $10156.0 per contract. There were 341 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
• For RDDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), we notice a call option trade that happens to be bearish, expiring in 455 day(s) on January 16, 2026. This event was a transfer of 5 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $28.6K, with a price of $5730.0 per contract. There were 42 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASTS

BIDU

BILI

LUMN

RDDT

10 Communication Services Stocks With Whale Alerts In Today's Session

Evercore ISI Group analyst Mark Mahaney 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 $750 to $775.

Evercore ISI Group Maintains Outperform on Netflix, Raises Price Target to $775

B of A Securities analyst Jessica Reif Ehrlich maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Buy and raises the price target from $740 to $800.

B of A Securities Maintains Buy on Netflix, Raises Price Target to $800

Benchmark analyst Matthew Harrigan maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Sell and raises the price target from $545 to $555.

Benchmark Maintains Sell on Netflix, Raises Price Target to $555

Barclays analyst Kannan Venkateshwar maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Underweight and maintains $550 price target.

Barclays Maintains Underweight on Netflix, Maintains $550 Price Target

Nasdaq, S&P, Dow are mixed as investors gear up for big earnings reports

DBS analyst Sachin Mittal maintained a Buy rating on Netflix (NFLX – Research Report) today and set a price target of $820.00. Sachin Mittal has gi...

Netflix's Strong Growth Potential and Strategic Initiatives Justify Buy Rating and Target Price Upgrade

Two long-serving members of Netflix ($NFLX) board of directors have filed to sell about $9 million of company stock each as the share price trades ...

Netflix (NASDAQ:NFLX) Board Members File to Sell $18 Million of Company Stock

Shares of Verizon Communications ($VZ) fell&nbsp;in pre-market trading after the company reported mixed third-quarter results. The telecommunicatio...

VZ Earnings: Verizon Beats Earnings Estimates but Falls Short on Revenue

Netflix (NFLX) has shut down its internal video game studio known as Team Blue, Gamefile's Stephen Totilo reports. The game development studio, who...

Netflix shuts down internal video game studio Team Blue, Gamefile says

"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This week's biggest release is Acti...

Game On: Judge grants Google temporary stay on Android store changes

Netflix (NFLX) has abandoned plans to make a AAA, big budget video game and intends to instead focus on making casual games, the Wall Street Journa...

Netflix drops plans to make AAA video game, WSJ reports

Long-term holders should lock in profits. But newcomers should capitalize on the next market correction for these stocks.

NVDA, META And NLFX Are Trading Near All Time Highs: Where Do They Go From Here

If you didn't know any better, you'd think the market has been trying to lull traders to sleep over the past week. Nevertheless, stocks have continued to press up against their highs.

The Trinity Trade Is Looking To Push Stocks To All-Time Highs

Subscription-based entertainment sources are gaining prominence with time as they offer ease, convenience, and diversity in content to consumers. Against this backdrop, quality subscription-based stocks Netflix (NFLX), Adobe (ADBE), and Spotify Technology (SPOT) could be ideal buys for now for recurring revenue growth. Continue reading... Consumer preferences have swiftly evolved in the recent past, shifting to online streaming services and subscription-based entertainment sources. Easier access to the internet has further encouraged the developments in the video and music streaming market.
Given this backdrop, it could be wise to invest in fundamentally strong subscription-based stocks Netflix, Inc. (<a href="https://stocknews.com/stock/NFLX/">NFLX</a>), Adobe Inc. (<a href="https://stocknews.com/stock/ADBE/">ADBE</a>), and Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>) for recurring revenue growth in the long run.
The Internet has become an integral part of the modern information society and is reaching every nook of the globe. As per Statista, there were over <a href="https://www.statista.com/statistics/617136/digital-population-worldwide/">5.45 billion internet users worldwide</a>, amounting to 67.1% of the global population as of July 2024. Statistics for social media users also came at a similar level, with 5.17 billion, or 63.7% percent of the world's population contributing.
The increasing internet penetration has also resulted in a transformation in the entertainment industry. Consumers are <a href="https://store.mintel.com/us/report/future-of-entertainment-us-2024/">increasingly leaning towards streaming videos</a>, music, and social media. Also, notably, COVID-19 has significantly contributed to this shift towards subscription-based entertainment sources. The entertainment market is expected to value over $1.23 trillion by 2028.
The video streaming industry is flourishing due to the surging digital media consumption, on-demand streaming options, and the convenience and diversity offered by streaming services. The global video streaming market is expected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/video-streaming-market">CAGR of 21.5%</a> from 2024 to 2030, reaching $416.84 billion by 2030, driven by blockchain technology and Artificial Intelligence (AI).
Further, a study by Forbes revealed that Americans dedicate a substantial three hours and nine minutes each day to <a href="https://www.forbes.com/home-improvement/internet/streaming-stats/#:~:text=Video%20streaming%20revenue%20is%20expected,reach%20a%20staggering%20%2443.97%20billion.">streaming digital media</a>, and 99% of all U.S. households subscribe and pay for a minimum of one of the streaming services. It was mentioned that households pay an average of $46 monthly for streaming services, reflecting the growing demand.
Given these factors, let's delve deeper into the fundamentals of top subscription-based stocks: NFLX, SPOT, and ADBE.
Netflix, Inc. (<a href="https://stocknews.com/stock/NFLX/">NFLX</a>)
NFLX provides entertainment services. The company offers TV series, documentaries, feature films, and games across various genres and languages. It also allows members to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.
NFLX's trailing-12-month EBIT margin and net income margin of 23.82% and 19.54% are 160 % and 570.9% higher than the respective industry averages of 9.16% and 2.91%. Similarly, the stock's trailing-12-month <a href="https://www.investopedia.com/terms/r/roce.asp">ROCE</a> of 31.57% is significantly higher than the industry average of 3.04%.
For the second quarter ended June 30, 2024, NFLX's revenues increased 16.7% year-over-year to $9.56 billion. Its operating income rose 42.5% from the previous year's period to $2.60 billion. Also, the company's net income and EPS stood at $2.15 billion and $4.88, up 44.3% and 48.3% from the prior year's quarter, respectively.
In addition, the company's total assets came in at $49.10 billion as of June 30, 2024, compared to $48.73 billion as of December 31, 2023.
Street expects NFLX's revenue and EPS for the third quarter (ended September 2024) to increase 14.3% and 37.5% year-over-year to $9.76 billion and $5.13, respectively. Furthermore, the company surpassed the consensus revenue estimates in the trailing four quarters.
Shares of NFLX have surged 16.3% over the past six months and 95.7% over the past year to close the last trading session at $705.98.
NFLX's robust growth prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has an A grade for Quality and a B for Sentiment. NFLX is ranked #17 out of 53 stocks within the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry.
<a href="https://stocknews.com/stock/NFLX/">Click here</a> to access additional ratings of NFLX for Growth, Stability, Value, and Momentum.
Adobe Inc. (<a href="https://stocknews.com/stock/ADBE/">ADBE</a>)
ADBE operates as a diversified software company internationally. It operates in three segments: Digital Media; Digital Experience; and Publishing and Advertising. The company offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content, and Document Cloud.
On October 14, ADBE expanded its Firefly family of creative, generative AI models to video, with new breakthroughs in its Image, Vector, and Design models and significant momentum in Firefly's adoption by leading brands and enterprises. Enhancements include 4x faster image generation and new capabilities integrated into Photoshop, Illustrator, Adobe Express, and now Premiere Pro.
The Adobe Firefly Video Model expanded ADBE's family of creative, generative AI models and is the first publicly available video model designed to be safe for commercial use.
On the same day, ADBE announced the general availability of the next generation of Frame.io, extending its industry-leading video post-production capabilities to deliver powerful metadata and asset workflows and expanding support to include photos, design, and more.
For the third quarter that ended August 30, 2024, ADBE's total revenue increased 10.6% year-over-year to $5.41 billion. Its non-GAAP operating income grew 11.1% from the year-ago value to $2.51 billion. In addition, the company's non-GAAP net income came in at $2.08 billion and $4.65 per share, reflecting growth of 10.8% and 13.7% from the prior year's quarter, respectively.
For the fourth quarter of fiscal year 2024, ADBE's total revenue target is between $5.50 billion and $5.55 billion, and its Digital Media segment revenue target is $4.09 billion to $4.12 billion. The company's non-GAAP EPS is targeted at $4.63 - $4.68.
Analysts expect ADBE's revenue and EPS for the fourth quarter (ending November 2024) to increase 9.8% and 9.4% year-over-year to $5.54 billion and $4.67, respectively. Further, the company has topped the consensus EPS and revenue estimates in all four trailing quarters, which is impressive.
ADBE's stock has soared 8.1% over the past six months to close the last trading session at $508.03.
ADBE's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has an A grade for Quality and a B for Sentiment and Stability. Within the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, ADBE is ranked #23 among 131 stocks.
In addition to the POWR Ratings we've stated above, we also have ADBE ratings for Momentum, Growth, and Value. Get all ADBE ratings <a href="https://stocknews.com/stock/ADBE/">here</a>.
Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>)
Headquartered in Luxembourg, SPOT provides audio streaming subscription services worldwide. The company operates in Premium and Ad-Supported segments. Its Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.
The trailing-12-month net income margin of SPOT is 3.22%, 10.6% higher than the industry average of 2.91%. Further, the stock's trailing-12-month ROCE and ROTC of 14.76% and 8.93% are favorable, compared to the industry averages of 3.04% and 3.68%, respectively.
For the second quarter that ended June 30, 2024, SPOT's revenue increased 9.5% year-over-year to €3.81 billion ($4.15 billion). The company's gross profit grew 9.4% from the year-ago value to €1.11 billion ($1.21 billion). Its net income and EPS came in at €274 million ($298.59 million) and €1.33 for the quarter, respectively.
Analysts expect SPOT's EPS for the third quarter (ended September 2024) to increase 385.3% year-over-year to $1.70, and its revenue is estimated to increase 11.5% year-over-year to $3.96 billion for the same quarter. Moreover, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
SPOT's shares have gained 28.3% over the past six months and 135.6% over the past year to close the last trading session at $372.60.
SPOT's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
SPOT has an A grade for Growth. It also has a B grade for Quality. It has topped among the 3 stocks in the B-rated <a href="https://stocknews.com/category/entertainment-radio/">Entertainment - Radio</a> industry.
<a href="https://stocknews.com/stock/SPOT/">Click here</a> to access additional SPOT ratings for Sentiment, Momentum, Value, and Stability.Top of Form
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<hr />
NFLX shares were trading at $701.70 per share on Wednesday afternoon, down $4.28 (-0.61%). Year-to-date, NFLX has gained 44.12%, versus a 23.67% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/nflx-adbe-spot-3-subscription-based-stocks-to-buy-for-recurring-revenue-growth/>3 Subscription-Based Stocks to Buy for Recurring Revenue Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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