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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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Netflix Inc

NETFLIX ORD

The long-awaited boxing match between Mike Tyson and Jake Paul is nearly here, set for Friday Nov. 15 on Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), after being rescheduled from an <a href="https://www.benzinga.com/general/entertainment/24/06/39231357/jake-paul-mike-tyson-boxing-match-set-to-stream-on-netflix-with-new-date">original date in July 2024.</a>
Here's a look at how to watch the big fight, the betting odds and several free prediction contests for sportsbook users.
How to Watch Tyson Vs. Paul: First<a href="https://www.benzinga.com/general/entertainment/24/03/37540711/jake-paul-vs-mike-tyson-coming-to-netflix-biggest-fight-in-history"> announced in March 2024,</a> a fight between Tyson and Paul will take place at AT&amp;T Stadium, home of the NFL's Dallas Cowboys
The boxing match is part of a full lineup of fights that includes three title fights on the undercard.
Netflix subscribers will be able to watch the fight for free with coverage starting live at 8 p.m. ET on Friday, Nov. 15. The start time of the Tyson and Paul fight will be dependent on how long the fights are before it.
For Netflix, the fight is part of the company's larger bets on live events and sports content to help boost subscribers of its ad-free and ad-supported plans. The company <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">ended the most recent quarter </a>with 282.7 million global paid subscribers. Netflix recently said it <a href="https://www.benzinga.com/media/24/11/41915397/netflix-reaches-70-million-users-on-ad-supported-plan-boosts-live-sports-ads">has reached </a>70 million subscribers for its ad-supported plans.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/11/41821069/netflix-stock-hits-all-time-highs-company-confirms-stranger-things-season-5-for-2025">Netflix Stock Hits All-Time Highs, Company Confirms &#8216;Stranger Things&#8217; Season 5 For 2025</a>
The Fight Stats: Friday's main event fight will feature a stark difference between the boxers with Tyson coming in at 58 years old, more than twice the age of Paul, who is 27. In fact, Tyson took part in 47 fights before Paul was even born, according to <a href="https://www.espn.com/boxing/story/_/id/39772221/what-boxing-stats-tell-us-mike-tyson-vs-jake-paul-fight-netflix-friday">ESPN</a>.
Tyson holds a 50-6 career boxing record and is one of the most well-known boxers of all time, known as "the Baddest Man on the Planet" and "Iron Mike."
Paul holds a 10-1 boxing record with his professional career beginning in 2020.
Tyson is recognized as one of the best boxers of all time and was named the No. 1 hardest hitter in heavyweight history by ESPN. Tyson became the youngest heavyweight champion ever at the age of 20, and had a run of 37 consecutive victories during his professional boxing career including 33 wins by knockout.
Tyson&#8217;s last professional boxing bout came in 2005. The boxer also took part in several exhibition matches, including a 2020 match against&nbsp;Roy Jones Jr., which was declared a draw after eight rounds.
Paul's last boxing match came in July of this year with a win to add to his impressive 10-1 record. While Paul lacks the experience of Tyson, he comes into the match as the more recent professional boxer and has a 76-inch to 71-inch reach advantage over Tyson.
Unlike most traditional heavyweight boxing matches, the fight will feature 14-ounce gloves instead of 10-ounce gloves and rounds will be two minutes instead of three minutes in length. The fight is scheduled to go eight rounds, instead of a customary 10 or 12 rounds.
Friday's fight between Tyson and Paul is officially sanctioned as a real fight and not an exhibition match.
Betting Odds, Prediction Markets: Friday's fight will likely see strong betting volume thanks to a larger number of viewers potentially from around the world with the fight on Netflix and not on the more costly pay-per-view option.
Betting odds on sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) list Paul as the favorite at odds of -200 and Tyson as the underdog at +160. This means a $100 bet on Paul would pay out a profit of $50 if he wins and a $100 bet on Tyson would pay out a profit of $160 if he wins.
DraftKings lists the fight going under 6.5 rounds at the slight favorite of -120 versus the fight going over 6.5 rounds. A prop on the fight going the distance is at +135 with the fight ending before the end of the eighth round listed at odds of -185.
Here are the betting options of winner and winning method:
<ul>
<li>Paul by KO/TKO/DQ: +150</li>
<li>Paul by Decision: +280</li>
<li>Tyson by KO/TKO/DQ: +250</li>
<li>Tyson by Decision: +950</li>
<li>Draw: +750</li>
</ul>
The betting odds imply that Paul is the favorite to win before the eight rounds are over. Tyson as the underdog is more likely to beat Paul by a knockout, TKO or disqualification than to win by a decision after eight rounds, the odds show.
On prediction market <a href="https://polymarket.com/event/jake-paul-vs-mike-tyson-who-will-win">Polymarket</a>, over $7 million has been wagered on predicting a winner of the boxing match. The odds show Paul as the favorite at 63% and Tyson the underdog at 29% with a draw listed at 11%.
The prediction market, which went viral during the 2024 election, allows users to deposit funds using USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) via the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) network or directly from a crypto account with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). Winning wagers cash out at $1 per contract.
Free Prediction Contests: While customers on various platforms can bet on the winner outcome, there are several free prediction contests at various sportsbooks.
Betr, a sports betting and sports media company<a href="https://www.benzinga.com/general/sports-betting/24/03/37515466/betr-announces-new-15m-funding-375m-valuation-how-co-founders-jake-paul-joey-levy-plan-to-"> co-founded by Paul</a>, launched a $50,000 free-to-play game for the boxing match.
The game labeled as "Fight Night Picks" is available for new and existing users of the Betr app in applicable states. The winnings will be paid out in Betr Bucks. The game has only five questions with users needing to pick more or less for each question. Contestants who get all five questions correctly will split the $50,000 jackpot.
The questions are:
<ul>
<li>More or less than 0.5 knockouts</li>
<li>More or less than 110.5 seconds for Jake Paul's walkout</li>
<li>More or less than 0.5 callouts by the winner post-fight in the ring</li>
<li>More or less than 0.5 wins for Jake Paul</li>
<li>More or less than 0.5 ears bitten off</li>
</ul>
DraftKings also has a free $25,000 prediction contest for users, which will pay out winnings in DK Dollars. The contest asks questions like who will win, what will be the winning method, how many punches landed by Paul, how many punches landed by Tyson, total rounds over or under 6.5 rounds, which round will the fight end, total knockdowns, will either boxer bleed during the match, will there be fighting after the final bell and who will Paul call out after the fight.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports-betting/23/05/32553618/exclusive-betr-is-not-just-a-sports-betting-company-how-jake-paul-leverages-audience-to-lo">EXCLUSIVE: Betr — Jake Paul&#8217;s Vision For More Than &#8216;Just A Sports Betting Company,&#8217; Leveraging Audience For Lower Acquisition Costs</a></li>
</ul>
Photo: Courtesy Netflix

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Paul Vs. Tyson Boxing Match: How To Watch, Betting Odds, What The Stats Say And More

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is preparing to launch its latest technology for humanoid robots in the first half of 2025 as part of its strategy to enter the fast-evolving robotics industry. The company aims to establish a strong foothold by offering advanced computing solutions tailored for AI-driven robots, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/nvidia-readies-jetson-thor-computers-for-humanoid-robots-in-2025-76cce094?mod=tech_lead_pos3" rel="noreferrer noopener">cites</a> a senior executive.
The new Jetson Thor computers were introduced earlier this year and are designed to enhance the capabilities of human-like robots.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/24/11/41951575/taiwan-semi-boosts-advanced-chipmaking-with-record-euv-expansion-grabs-56-global-share" rel="noreferrer noopener">Taiwan Semi Boosts Advanced Chipmaking with Record EUV Expansion, Grabs 56% Global Share</a>
The technology aims to leverage advancements in artificial intelligence, boost robot autonomy, and improve their interactions with people and their environments.
Nvidia&#8217;s Jetson Thor marks the latest addition to its Jetson platform, a series of compact, high-performance computers developed for AI applications.
During Nvidia&#8217;s annual conference in March, CEO Jensen Huang highlighted the company&#8217;s commitment to the robotics sector, demonstrating several robots powered by Nvidia&#8217;s chips. Rather than building robots, Nvidia intends to provide the underlying technology, similar to how Google supplies Android for smartphones.
Nvidia aims to cater to a broad, fragmented market of numerous robot manufacturers, contrasting with the smartphone industry, which a few large players dominate.
Deepu Talla, Nvidia&#8217;s Vice President of Robotics and Edge Computing, told the WSJ that the company has formed strategic partnerships with industry leaders like Siemens and Universal Robots to integrate its platform into various robotics solutions.
Talla emphasized that Nvidia&#8217;s role is to supply the computing platform for robots, while companies like Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) lead the development of physical robotic systems.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14064156/newplot-7.png" alt="" class="wp-image-647702" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14064156/newplot-7.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14064156/newplot-7-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Tesla&#8217;s humanoid robot, Optimus, is set to begin limited production by late 2025, with plans for broader commercial availability by 2026. Nvidia is already providing key technology components to support Tesla&#8217;s robotics initiatives.
Nvidia <a target="_blank" href="https://www.benzinga.com/news/24/11/41799600/nvidia-partners-with-ai-startup-hugging-face-to-supercharge-open-source-robotics" rel="noreferrer noopener">joined forces with</a> Hugging Face to boost robotics innovation using open-source AI technology.
At the Conference for Robot Learning (CoRL) in Munich, Germany, the two companies unveiled a partnership to speed up robotics research by bringing together their open-source communities.
The alliance integrates Hugging Face&#8217;s LeRobot AI platform with Nvidia&#8217;s AI, Omniverse, and Isaac&#8217;s robotics systems, aiming to drive progress in manufacturing, healthcare, and logistics.
Nvidia stock surged 204% year-to-date.
Morgan Stanley&#8217;s Joseph Moore noted that Nvidia&#8217;s upcoming <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41883803/nvidias-blackwell-chip-revenue-could-hit-6-billion-next-quarter-analyst" rel="noreferrer noopener">Blackwell chip launch</a> is driving substantial revenue, potentially contributing $5 billion—$6 billion in the first quarter.
Moore highlights new growth catalysts for Nvidia, including AI PCs, autonomous vehicles, and per-car software licensing revenue.
Nvidia&#8217;s Data Center business is expected to lead long-term growth, powered by strong demand for AI and machine learning hardware.
Investors can gain exposure to Nvidia through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action: NVDA stock is up 0.80% at $147.45 at the last check Thursday.
Also Read:
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Photo via Shutterstock

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Netflix's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NYSE">NFLX</a>) short percent of float has risen 12.43% since its last report. The company recently reported that it has 8.05 million shares sold short, which is 1.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.71 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Netflix Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731514517_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Netflix has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Netflix's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Netflix's peer group average for short interest as a percentage of float is 8.52%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

(NFLX) - Analyzing Netflix's Short Interest

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) shares are trading higher by roughly 9% to $832 in November, marking a new all-time high. The stock has gained amid overall market strength after Donald Trump's re-election, with investors anticipating that his pro-business, tax-cutting agenda could drive <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41772701/trumps-historic-return-7-ways-his-second-term-could-impact-the-us-economy">increased consumer spending</a>—especially in discretionary sectors like streaming.
The company also achieved a major milestone, announcing that its ad-supported streaming tier now reaches <a href="https://about.netflix.com/en/news/netflix-celebrates-two-years-of-advertising">70 million monthly active users</a>—just two years after its launch.
What To Know: Trump&#8217;s proposed extension of the 2017 Tax Cuts and Jobs Act, coupled with further reductions in individual and corporate taxes, could leave more disposable income in consumers&#8217; pockets, potentially boosting demand for subscription services like Netflix.
Read Also: <a href="https://www.benzinga.com/media/24/11/41915397/netflix-reaches-70-million-users-on-ad-supported-plan-boosts-live-sports-ads">Netflix Reaches 70 Million Users On Ad-Supported Plan, Boosts Live Sports Ads</a> 
As the leading global streaming platform, Netflix relies heavily on subscription revenue from both U.S. and international audiences. With the expectation that tax cuts may stimulate consumer confidence and spending in the U.S., Netflix could see more robust growth in its domestic market, where competition is fierce but streaming remains a staple in entertainment budgets.
Additionally, Trump&#8217;s plans for economic deregulation could help lower content acquisition and production costs domestically, enabling Netflix to invest more strategically in its original content portfolio.
There are also potential benefits to Netflix's international growth, as a stronger U.S. dollar, likely under Trump's anticipated economic policies, could lower costs when producing content abroad, a critical factor given Netflix&#8217;s heavy spending on foreign-language programming to expand its global market share. 
Overall, it appears Netflix investors are betting that a Trump administration's focus on economic growth and consumer spending could create favorable conditions for the company's continued growth and profitability.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41938762/october-inflation-rate-rises-to-2-6-as-expected-december-interest-rate-cut-remains-uncertain">October Inflation Rate Rises To 2.6% As Expected: December Interest Rate Cut Remains Uncertain</a>
<h2 class="wp-block-heading">Is NFLX A Good Stock To Buy?</h2>
Wall Street analysts view Netflix on the whole as an Outperform, given the history of coverage over the past three months. Laurent Yoon from Bernstein in Netflix is the most optimistic, expecting a 24.8% rise in the stock in the coming year.
But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Netflix rose 23.29%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 15.02% over the past year.
A complete overview of how Wall Street views individual stocks is available <a href="https://www.benzinga.com/analyst-stock-ratings">here</a>, while real time updates on the latest analyst actions will be delivered via <a href="https://pro.benzinga.com">Benzinga PRO</a>. Try it for free.
NFLX has a 52-week high of $832.85 and a 52-week low of $445.64.

Netflix Stock Hit A New All-Time High: What's Going On?

The Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) will be reporting its fourth-quarter earnings on Thursday. Wall Street expects $1.10 in EPS and $22.35 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=DIS" target="_blank" rel="noreferrer noopener"> before market hours</a>.
The stock is up 12.91% over the past year, 11.33% YTD. Despite outperforming rivals Warner Bros Discovery Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) and Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), Disney still trails behind Netflix Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) impressive 65% year-to-date gain. 
This earnings report is critical as analysts closely watch Disney&#8217;s progress in streaming—a division that turned profitable last quarter. Key areas of focus include Disney+ growth, updates on its legacy TV and theme park segments, and potential news on the search for CEO Bob Iger's successor.
Investors are particularly keen to see if Disney+ can maintain its newfound profitability.
Let&#8217;s examine the charts for Disney stock and how it currently compares to Wall Street estimates.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41938838/rivians-deal-with-volkswagen-will-help-ev-giant-navigate-the-ship-in-stormy-waters-says-top-analyst-maintains-outperform-rating-with-20-target">Rivian&#8217;s Deal With Volkswagen Will Help EV Giant &#8216;Navigate The Ship In Stormy Waters&#8217;: Analyst</a>
<h2 class="wp-block-heading">Disney Stock In Upward Trend Ahead Of Q4 Earnings</h2>
Disney stock is riding a strong upward trend, with its share price of $100.99 above the five, 20 and 50-day exponential moving averages, signaling solid buying interest. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13075821/Screenshot-2024-11-13-at-4.42.27-PM.png" alt="" class="wp-image-645191" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13075821/Screenshot-2024-11-13-at-4.42.27-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13075821/Screenshot-2024-11-13-at-4.42.27-PM-300x218.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
The stock's recent climb has put it well above its eight-day simple moving average (SMA) of $98.37 and 20-day SMA of $97.06, indicating positive momentum in the short term, while the 50-day SMA at $94.34 points to sustained bullish sentiment. 
However, the stock sits just under its 200-day SMA of $101.31, suggesting a potential resistance level on the horizon. 
Disney's moving average convergence/divergence (MACD) of 1.52 supports this upward bias, yet with an RSI of 72.07, the stock has entered the overbought territory.
This positioning may draw profit-takers, though the prevailing trend remains bullish.
<h2 class="wp-block-heading">Disney Analysts See 10% Upside</h2>
Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/DIS/analyst-ratings" target="_blank" rel="noreferrer noopener"> The consensus analyst rating</a> on Disney stock stands at a Buy, with a price target of $117.44. The latest ratings from Evercore ISI Group, Needham and Piper Sandler set an average price target of $111 for Disney stock, suggesting a 9.96% upside.
DIS Price Action: Disney stock closed at $100.99, up 0.13% on Tuesday.
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Photo: Shutterstock

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Disney Bulls Await Earnings For Streaming Growth, Bob Iger Successor Clues

Leading cryptocurrency <a href="https://www.benzinga.com/money/bitcoin-price-prediction">Bitcoin </a>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is smashing through new all-time highs following the 2024 presidential election and is now valued significantly higher than <a href="https://www.benzinga.com/topic/market-cap">many publicly traded companies</a>.
What Happened: Bitcoin's market capitalization is currently $1.765 trillion. That&#8217;s larger than the combined market capitalization of the following five companies:
<ul>
<li>Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>): $686.9 billion</li>
<li>Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>): $349.7 billion</li>
<li>Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>): $273.4 billion</li>
<li>PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>): $225.5 billion</li>
<li>McDonald's Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>): $214.5 billion</li>
<li>Total: $1.75 trillion</li>
</ul>
That's right. Bitcoin is worth more than the combined valuations of one of the world's largest retailers, a global streaming leader, two global beverage leaders, and a global fast-food chain.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41896277/bitcoin-nears-90000-how-high-can-the-apex-crypto-go">Bitcoin Nears $90,000—How High Can The Apex Crypto Go?</a>
Why It Matters: It&#8217;s worth noting that there are currently just nine global companies that have a market capitalization of $1 trillion or more. Bitcoin would take seventh place if it was considered a publicly traded company.
Based on Tuesday's market capitalization level, Bitcoin would currently rank between Saudi Aramco, which has a $1.807 trillion valuation, and Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which has a $1.476 trillion valuation. 
Bitcoin has traded between $34,948.50 and $89,956.88 over the past year with the one-year high also setting a new all-time high on Nov. 12.
What&#8217;s Next: Bitcoin has blasted higher through <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41887610/bitcoin-shatters-87000-all-time-high-ethereum-up-5-dogecoin-blasts-through-0-30-for-20-gain-in-memorable-monday-trading-session">multiple all-time highs</a>. Traders and experts are now questioning if $100,000 is within reach by the end of the year.
If Bitcoin continues to trade higher, the leading cryptocurrency will likely continue to be more valuable than many of the most well-known global brands.
President-elect Donald Trump took<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41775353/bitcoin-hits-new-all-time-high-as-donald-trump-wins-second-term-what-now"> a pro-crypto stance </a>throughout the 2024 election campaign. Now, many industry experts expect the U.S. government to loosen sector regulations.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41890024/much-wow-dogecoin-is-now-larger-than-ford-adidas-lululemon-roblox-15-companies-worth-less-than-meme-crypto">Much Wow! Dogecoin Is Now Larger Than Ford, Adidas, Lululemon, Roblox: 15 Companies Worth Less Than Meme Crypto</a></li>
</ul>
Image: Unsplash

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Education

$BTC

Bitcoin Is Now Larger Than Walmart, Netflix, Coca-Cola, Pepsi And McDonald's Combined

On Tuesday, Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reached a significant milestone, announcing that its ad-supported streaming tier now serves 70 million <a target="_blank" href="https://about.netflix.com/en/news/netflix-celebrates-two-years-of-advertising" rel="noreferrer noopener">monthly active users</a> two years after its introduction.
The company unveiled the update during its latest report, showcasing strong momentum for this lower-priced plan, which has quickly become a popular option in markets where it is available.
More than 50% of Netflix&#8217;s new sign-ups opt for the ad-supported tier, reflecting a growing trend among customers seeking affordable access to streaming content.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/11/41739915/amazon-takes-on-netflix-with-new-ai-recaps" rel="noreferrer noopener">Amazon Takes on Netflix With New AI Recaps</a>
The service, launched in November 2022, was initially rolled out to combat slower subscriber growth but has since shown steady performance across all key regions, CNBC <a target="_blank" href="https://www.cnbc.com/2024/11/12/netflix-ad-supported-tier-70-million-monthly-users.html" rel="noreferrer noopener">reports</a>.
Despite early challenges, Netflix has overcome subscriber stagnation. In the third quarter, the company added 5.1 million new users, surpassing Wall Street&#8217;s expectations and bringing its membership count to 282.7 million across various pricing plans.
Next year, Netflix will stop sharing subscriber figures and focus on revenue growth and other financial metrics as key performance indicators.
Netflix confirmed it has sold out its ad inventory for two live National Football League (NFL) games set to air on Christmas Day as part of a three-year deal announced earlier this year.
The streaming giant has secured significant advertisers, including FanDuel and Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), with FanDuel set to become the exclusive pregame sportsbook partner. The move signals Netflix&#8217;s strategic push into live sports broadcasting and ad-supported content.
Since May, Netflix has made significant progress with its ad-supported tier, nearly doubling its user count from 40 million reported during Upfronts earlier this year.
The platform, which initially relied on Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) for ad tech, has launched its advertising infrastructure in Canada, with plans for a U.S. rollout by mid-2025.
Analysts are <a target="_blank" href="https://www.benzinga.com/news/24/10/41631621/netflix-restructures-leadership-bids-farewell-to-two-key-executives" rel="noreferrer noopener">upbeat about Netflix&#8217;s</a> outlook for 2025, citing strong quarterly results and multiple growth opportunities.
Bank of America praised Netflix&#8217;s focus on expanding ads, gaming, and live events, highlighting its scale as a key strength.
Macquarie sees popular releases like Squid Game 2 and NFL Christmas broadcasts boosting engagement but flagged concerns over ad-tier monetization, particularly in international markets.
KeyBanc projects strong revenue growth from ad-supported options and potential price increases, while JPMorgan sees Netflix as well-positioned to dominate TV and movie streaming.
Netflix&nbsp;stock surged over 73% year-to-date. Investors can gain exposure to the streaming giant through Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), and SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
Price Action: NFLX stock is up 1.35% at $816.32 at the last check on Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/24/11/41907519/sea-ltd-q3-earnings-e-commerce-leads-growth-shopee-on-track-to-hit-gmv-guidance" target="_blank" rel="noreferrer noopener">Sea Q3 Earnings: E-Commerce Leads Growth, Shopee On Track To Hit GMV Guidance, Stock Soars</a></li>
</ul>
Image via Shutterstock

MSFT

Netflix Reaches 70 Million Users On Ad-Supported Plan, Boosts Live Sports Ads

Investors with a lot of money to spend have taken a bullish 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 34 uncommon options trades for Netflix.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 35%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $862,546, and 27 are calls, for a total amount of $3,012,220.
<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 $230.0 to $870.0 for Netflix over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</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 $230.0 to $870.0 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/2024/1731426353_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>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$41.3</td>
<td>$38.4</td>
<td>$39.87</td>
<td>$805.00</td>
<td>$649.9K</td>
<td align="right">317</td>
<td align="right">386</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$31.6</td>
<td>$28.7</td>
<td>$30.12</td>
<td>$825.00</td>
<td>$490.7K</td>
<td align="right">700</td>
<td align="right">342</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$17.45</td>
<td>$17.0</td>
<td>$17.0</td>
<td>$800.00</td>
<td>$425.0K</td>
<td align="right">331</td>
<td align="right">504</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$17.5</td>
<td>$17.1</td>
<td>$17.1</td>
<td>$800.00</td>
<td>$229.1K</td>
<td align="right">331</td>
<td align="right">721</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$42.7</td>
<td>$40.0</td>
<td>$41.35</td>
<td>$805.00</td>
<td>$208.6K</td>
<td align="right">317</td>
<td align="right">222</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>Present Market Standing of Netflix</h3>
<ul>
<li>With a trading volume of 766,089, the price of NFLX is up by 1.08%, reaching $814.11.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 70 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Netflix</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $737.0.
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; Maintaining their stance, an analyst from Rosenblatt continues to hold a Neutral rating for Netflix, targeting a price of $680. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Netflix, which currently sits at a price target of $825. 
&#x2A; Consistent in their evaluation, an analyst from Loop Capital keeps a Buy rating on Netflix with a target price of $800. 
&#x2A; Maintaining their stance, an analyst from Benchmark continues to hold a Sell rating for Netflix, targeting a price of $555. 
&#x2A; Maintaining their stance, an analyst from Guggenheim continues to hold a Buy rating for Netflix, targeting a 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.

Options

Netflix's Options Frenzy: What You Need to Know

Netflix said its ad-supported subscription tier is seeing momentum, announcing that it has now reached 70 million monthly active users globally. That is up from 40 million monthly active users in May. More than 50% of new Netflix sign-ups are now also for the ad tier in the countries that plan ..
&nbsp;
<a href="https://www.theinformation.com/briefings/netflixs-ads-tier-now-at-70-million-monthly-users" title="https://www.theinformation.com/briefings/netflixs-ads-tier-now-at-70-million-monthly-users">https://www.theinformation.com/briefings/netflixs-ads-tier-now-at-70-million-monthly-users</a>

'Netflix's Ads Tier Now at 70 Million Monthly Users' - The Information

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) remains a significant holding for The Future Fund despite position reductions, according to Managing Partner Gary Black, who cited concerns over the impact of price cuts of its electric vehicles on earnings.
What Happened: Black revealed that while Tesla has been among the fund&#8217;s top positions for The Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>) since its August 2021 launch, the fund trimmed its Tesla holdings from 12.2% in October 2022 to 4.6% as of Nov 8. 
The decision came as Tesla&#8217;s fiscal year 2025 earnings estimates declined by 59%, leading to underperformance against the Nasdaq 100 index.
&#8220;We don&#8217;t sugarcoat the negatives, and remain highly disciplined about valuation,&#8221; Black wrote on X, explaining his measured approach to Tesla investment. He noted a cautious stance until Tesla&#8217;s robotaxi technology proves viable.
Despite the reduced position, Tesla joins other tech giants in The Future Fund&#8217;s top-performing holdings for 2024. NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) leads with a 198% gain, followed by Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) at 28%, Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) at 43%, Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) at 22%, Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) at 63%, and Tesla at 29%.
The fund maintains a strategic approach to position sizing based on a target 2:1 upside/downside ratio. Black emphasized the importance of balanced analysis, stating that the fund aims to present both bullish and bearish arguments to inform investor decisions.
Black&#8217;s communication style has occasionally put him at odds with some Tesla bulls, though he maintains that constructive criticism within the investment community should be welcomed rather than attacked.
<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">2/ We call things how we see them — both good and bad — and that's why some bulls in the <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> community don't like us. We don't sugarcoat the negatives, and remain highly disciplined about valuation. We try to summarize both the bullish and bearish arguments to help you with…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1855736948893053096?ref_src=twsrc%5Etfw">November 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/social-media/24/11/41869407/trump-says-he-wont-sell-truth-social-stock-calls-for-probe-on-rumors">Trump Says He Won&#8217;t Sell Truth Social Stock, Calls For Probe On Rumors</a>
Why It Matters: Despite the recent challenges, Tesla has continued to be a significant player in the electric vehicle market. The company&#8217;s stock has seen a <a href="https://www.benzinga.com/markets/equities/24/11/41834789/rivian-vs-tesla-how-the-ev-rivals-stack-up-in-gary-blacks-investment-portfolio">49.65% increase</a> over the past year, maintaining its position as the EV market leader.
However, Tesla&#8217;s EV technology has recently come under scrutiny. The National Highway Traffic Safety Administration has raised concerns about Tesla&#8217;s <a href="https://www.benzinga.com/government/regulations/24/11/41867551/tesla-faces-nhtsa-scrutiny-over-social-media-promotion-of-fsd-technology-that-shows-disengaged-driver-behavior">social media promotion</a> of its Full Self Driving technology, which depicts disengaged driver behavior.
Meanwhile, Tesla&#8217;s future plans, such as the construction of a <a href="https://www.benzinga.com/trading-ideas/24/11/41858978/elon-musk-to-ditch-tesla-gigafactory-in-mexico-after-trumps-win-economy-minister-wants-a-meeting">Gigafactory in Mexico</a>, could be affected by the recent U.S. presidential election results. Despite these challenges, Tesla&#8217;s market cap has soared above $1 trillion, propelling Elon Musk&#8216;s wealth <a href="https://www.benzinga.com/news/management/24/11/41856784/elon-musks-wealth-tops-300-billion-as-teslas-market-cap-soars-above-1-trillion">to over $300 billion</a>.
Price Action: Price Action: Tesla's stock closed at $321.22 on Friday, up 8.19% for the day. In after-hours trading, it rose an additional 0.49%. Year-to-date, Tesla's stock has climbed by 29.31%, according to&nbsp;<a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41809435/how-to-earn-500-a-month-from-nvidia-stock-after-trump-win?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock After Trump Win</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Analyst Color

Equities

Analyst Ratings

FFND

GOOG

GOOGL

Tesla Remains Core For Gary Black Despite Price Cuts, Earnings Drop — Nvidia, Google, Eli Lilly Among Top Performers In Tech Bull's Portfolio

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 93 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $516,789, and 83 were calls, valued at $6,209,128.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $1110.0 for Netflix over the recent three months. 
<h3>Insights into 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 $10.0 to $1110.0 over the preceding 30 days.
<h3>Netflix Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731098699_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$786.8</td>
<td>$779.0</td>
<td>$782.88</td>
<td>$10.00</td>
<td>$234.8K</td>
<td>46</td>
<td align="right">44</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$786.6</td>
<td>$779.0</td>
<td>$782.68</td>
<td>$10.00</td>
<td>$234.8K</td>
<td>46</td>
<td align="right">38</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$786.7</td>
<td>$779.0</td>
<td>$782.83</td>
<td>$10.00</td>
<td>$156.5K</td>
<td>46</td>
<td align="right">46</td>
</tr>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$170.25</td>
<td>$169.35</td>
<td>$170.25</td>
<td>$945.00</td>
<td>$153.1K</td>
<td>18</td>
<td align="right">14</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$4.1</td>
<td>$3.15</td>
<td>$3.86</td>
<td>$790.00</td>
<td>$138.6K</td>
<td>1.0K</td>
<td align="right">820</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>Present Market Standing of Netflix</h3>
<ul>
<li>With a trading volume of 1,222,818, the price of NFLX is down by -0.41%, reaching $793.29.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 74 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Netflix</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $764.0.
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 Keybanc has decided to maintain their Overweight rating on Netflix, which currently sits at a price target of $785. 
&#x2A; Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Hold rating for Netflix, targeting a price of $760. 
&#x2A; Consistent in their evaluation, an analyst from Rosenblatt keeps a Neutral rating on Netflix with a target price of $680. 
&#x2A; Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Netflix, targeting a price of $800. 
&#x2A; An analyst from Macquarie persists with their Outperform rating on Netflix, maintaining a target price of $795. 
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>.

Spotlight on Netflix: Analyzing the Surge in Options Activity

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>META</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$600.00</td>
<td>$52.1K</td>
<td>11.2K</td>
<td>6.9K</td>
</tr>
<tr>
<td>DJT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$30.00</td>
<td>$61.0K</td>
<td>11.6K</td>
<td>4.1K</td>
</tr>
<tr>
<td>LUMN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$10.00</td>
<td>$37.4K</td>
<td>16.2K</td>
<td>3.0K</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$185.00</td>
<td>$29.0K</td>
<td>19.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>TGNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$17.00</td>
<td>$30.4K</td>
<td>704</td>
<td>761</td>
</tr>
<tr>
<td>PARA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$10.00</td>
<td>$30.2K</td>
<td>22.7K</td>
<td>442</td>
</tr>
<tr>
<td>ZI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.50</td>
<td>$30.6K</td>
<td>6.9K</td>
<td>414</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$120.00</td>
<td>$30.6K</td>
<td>715</td>
<td>232</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$520.00</td>
<td>$30.1K</td>
<td>23</td>
<td>8</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• 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 7 day(s) on November 15, 2024. This event was a transfer of 158 contract(s) at a $600.00 strike. The total cost received by the writing party (or parties) was $52.1K, with a price of $330.0 per contract. There were 11213 open contracts at this strike prior to today, and today 6975 contract(s) were bought and sold. 
• Regarding DJT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), we observe a put option trade with bullish sentiment. It expires in 7 day(s) on November 15, 2024. Parties traded 200 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $61.0K, with a price of $305.0 per contract. There were 11672 open contracts at this strike prior to today, and today 4157 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 sweep that happens to be bullish, expiring in 434 day(s) on January 16, 2026. This event was a transfer of 119 contract(s) at a $10.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $37.4K, with a price of $314.0 per contract. There were 16288 open contracts at this strike prior to today, and today 3028 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 call option trade with bearish sentiment. It expires in 42 day(s) on December 20, 2024. Parties traded 100 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $290.0 per contract. There were 19159 open contracts at this strike prior to today, and today 1133 contract(s) were bought and sold. 
• Regarding TGNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGNA#NYSE">TGNA</a>), we observe a call option sweep with bearish sentiment. It expires in 42 day(s) on December 20, 2024. Parties traded 169 contract(s) at a $17.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $30.4K, with a price of $180.0 per contract. There were 704 open contracts at this strike prior to today, and today 761 contract(s) were bought and sold. 
• Regarding PARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), we observe a put option sweep with bearish sentiment. It expires in 434 day(s) on January 16, 2026. Parties traded 146 contract(s) at a $10.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $30.2K, with a price of $210.0 per contract. There were 22799 open contracts at this strike prior to today, and today 442 contract(s) were bought and sold. 
• For ZI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>), we notice a call option sweep that happens to be bearish, expiring in 70 day(s) on January 17, 2025. This event was a transfer of 292 contract(s) at a $12.50 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 $30.6K, with a price of $105.0 per contract. There were 6920 open contracts at this strike prior to today, and today 414 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 trade that happens to be bullish, expiring in 133 day(s) on March 21, 2025. This event was a transfer of 20 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $1530.0 per contract. There were 715 open contracts at this strike prior to today, and today 232 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 call option trade that happens to be bearish, expiring in 315 day(s) on September 19, 2025. This event was a transfer of 1 contract(s) at a $520.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $30145.0 per contract. There were 23 open contracts at this strike prior to today, and today 8 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.

LUMN

TGNA

9 Communication Services Stocks Whale Activity In Today's Session

AMC Networks Inc&nbsp;(NASDAQ: AMCX)&nbsp;reported a fiscal third-quarter 2024 revenue decline of 5.9% year over year to $599.6 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41842840/amc-networks-inc-reports-third-quarter-2024-results" rel="noreferrer noopener">analyst consensus estimate of $587.6 million</a>.
The American entertainment company's adjusted EPS of 91 cents fell 50.8% yearly, beating the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">analyst consensus estimate of 62 cents</a>. 
Domestic Operations:&nbsp;Affiliate revenue decreased 13% to $164 million due to&nbsp;basic&nbsp;subscriber declines.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/11/41780782/why-is-iron-mountain-stock-plunging-on-wednesday" target="_blank" rel="noreferrer noopener">Why Is Iron Mountain Stock Plunging On Wednesday?</a>
<ul>
<li>Advertising revenues decreased 10% Y/Y to $133 million due to anticipated linear ratings declines and a challenging ad market.&nbsp;</li>
<li>Content licensing revenues increased 31% to $81 million due to the availability of deliveries.</li>
<li>Despite these setbacks, AMC Networks reported that streaming subscribers increased by 5% to 11.8 million compared to 11.1 million subscribers as of Sept. 30, 2023.</li>
<li>Streaming revenues of $152 million increased by 7%, primarily driven by year-over-year streaming subscriber growth and price increases.</li>
<li>The consolidated adjusted operating income decreased 19% to $150 million, with free cash flow at $53.94 million.</li>
</ul>
CEO Kristin Dolan emphasized the company's focus on critical strategic pillars: programming, partnerships, and profitability. 
Dolan noted significant progress in all three areas during the quarter. 
Year-to-date, the company has generated $293 million in free cash flow, moving steadily toward its goal of around $500 million in cumulative free cash over two years. 
Dolan also highlighted new and expanded partnerships with significant players like Charter Communications, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>), Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), which are helping drive the company forward while delivering unique, high-quality programming across a growing range of platforms.
Price Action: AMC Networks stock is up 4.79% to $8.75 premarket at the last check on Friday. It plunged close to 57% year-to-date as the company&#8217;s adjusted EPS missed the consensus in the last 3 quarters.
Now Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41778593/trimble-beats-q3-expectations-boasts-record-revenue-as-ceo-outlines-focused-growth-strategy" target="_blank" rel="noreferrer noopener">Trimble Beats Q3 Expectations, Boasts Record Revenue As CEO Outlines Focused Growth Strategy</a></li>
</ul>

Earnings

AMCX

AMZN

CHTR

AMC Networks Q3 Earnings: Streaming Subscriber Growth Shines Amid Ad Revenue Dip Bolstered By Netflix, Amazon Partnerships

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) investors and fans could have plenty of reasons to smile Thursday with the stock hitting an all-time high and a company update on the beloved show "Stranger Things" and its <a href="https://www.benzinga.com/topic/stranger-things">final season in 2025.</a>
What Happened: Netflix hit "Stranger Things" first premiered on the streaming platform <a href="https://www.benzinga.com/general/entertainment/23/07/33285087/if-you-invested-1-000-in-netflix-stock-when-stranger-things-debuted-heres-how-much-youd-hav">in July 2016 </a>and is set for a fifth and final season. Netflix confirmed this week that the fifth season will be released in 2025, with no planned release date yet.
"We have an incoming transmission from Hawkins, Indiana: Stranger Things Season 5 has started filming. Miss your favorite nerds? They're back, ready (or not) for whatever Vecna has in store for them in the beloved series' final season," Netflix said.
Production began in January and now the company is sharing more details on the upcoming season and providing some behind-the-scenes videos and photos for fans.
Netflix also announced that season 5 will be eight episodes and shared the episode titles, with part of Episode 2 blurred out as a surprise.
<ul>
<li>Episode 1: The Crawl</li>
<li>Episode 2: The Vanishing of …</li>
<li>Episode 3: The Turnbow Trap</li>
<li>Episode 4: Sorcerer</li>
<li>Episode 5: Shock Jock</li>
<li>Episode 6: Escape from Camazotz</li>
<li>Episode 7: The Bridge</li>
<li>Episode 8: The Rightside Up</li>
</ul>
"Stranger Things" creators Matt and Ross Duffer wrote a 25-page mythology document for Netflix back in Season 1 about the lore of the Upside Down. While viewers learned a lot about the Upside Down in Season 4, Netflix said more will be revealed in the final season.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/08/40231770/stranger-things-comes-to-broadway-how-you-can-get-tickets-to-hit-netflix-show-on-stage">Stranger Things Comes To Broadway: How You Can Get Tickets To Hit Netflix Show On Stage</a>
Why It's Important: Stranger Things had eight episodes in its first and third seasons with seasons two and three containing nine episodes each.
Netflix has not confirmed if it will release all the season 5 episodes or split them up. For season 4, "Stranger Things" was split into seven episodes and two episodes across two parts. Each episode was over an hour in length with the season finale episode nine coming in at two hours and 30 minutes and the longest.
The series is one of the most watched in Netflix history and the long gap between season 4 released in 2022 and the fifth season in 2025 could make the final season one of the most anticipated releases in company history.
Netflix <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">ended the third quarter</a> with 282.72 million global paid subscribers and is continuing to bet on original series like "Stranger Things," "Bridgerton" and "Stranger Things to maintain and grow subscribers.
The company is also expanding into live sports and working to grow its ad-supported plans for future revenue growth.
While a second season of "Squid Game" and two NFL games on Christmas Day 2024 make the fourth quarter one of the <a href="https://www.benzinga.com/general/entertainment/24/08/40112559/squid-game-season-2-ignites-august-buzz-with-netflixs-christmas-lineup-including-nfl-games">most anticipated in company history</a>, investors and subscribers could be looking ahead to 2025, which will include a third and final season of "Squid Game," a fifth and final season of "Squid Game" and at least one NFL game.
Price Action: Netflix stock is up 2% to $794.03 on Thursday, hitting an intraday high of $794.20, which is a new all-time high for shares. Netflix stock is up 70% year-to-date in 2024.
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Image: Shutterstock

Netflix Stock Hits All-Time Highs, Company Confirms 'Stranger Things' Season 5 For 2025

Invesco has unveiled a new series of thematic exchange-traded funds (ETFs) that focus on artificial intelligence, cybersecurity, and defense sectors. These funds aim to leverage emerging trends within these industries.
What Happened: The newly introduced ETFs, named Invesco Artificial Intelligence Enablers, Cybersecurity, and Defence Innovation Ucits, are based on benchmarks crafted by Kensho, a division of S&amp;P Global Indices. Kensho utilizes natural language processing to pinpoint companies with significant involvement in each theme, categorizing them into &#8220;core&#8221; and &#8220;non-core&#8221; groups, Financial Times<a href="https://www.ft.com/content/476d3e81-cbd2-4484-8fb5-4a074dcaa97c"> reported</a> on Thursday.
As per Invesco, core companies generate a substantial portion of their revenue from products and services aligned with these themes, while non-core companies provide essential inputs without focusing on end products. The AI enablers strategy targets firms advancing AI technology and infrastructure, whereas the cybersecurity ETF invests in companies protecting enterprises from unauthorized electronic access. The defense fund provides exposure to companies developing advanced weapons and defensive systems
Here are a few ETFs and how they fared in the past year, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>:
Artificial Intelligence
<ul>
<li>iShares U.S. Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITW#NYSE">ITW</a>) increased 45.40% over the year with holdings like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).</li>
<li>Fidelity MSCI Information Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTEC#NYSE">FTEC</a>), with similar exposure, rose 43.17%.</li>
<li>First Trust Dow Jones Internet Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTX#NYSE">FTX</a>), which gives exposure to Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), increased 45.59%.</li>
</ul>
Cybersecurity
<ul>
<li>First Trust NASDAQ Cybersecurity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>) increased 38.08%. Its holdings include Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>).</li>
<li>Amplify Cybersecurity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HACK#NYSE">HACK</a>) rose 39.57%. Along with Broadcom, and Cisco, the ETF&#8217;s major holdings also include Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), and General Dynamics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>).</li>
<li>iShares Cybersecurity &amp; Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHAK#NYSE">IHAK</a>) with exposure to companies such as SentinelOne, Inc. Class A (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>), and Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), rose 33.95%.</li>
</ul>
Defense
<ul>
<li>iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) with exposure to companies such as General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) and RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) increased 33.86%.</li>
<li>Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) with exposure to companies such as Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) increased by 43.05%.</li>
<li>SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>) was up by 34.86%. It gives exposure to Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXN#NASDAQ">AXN</a>), L3Harris Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>).</li>
</ul>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41794596/bitcoin-ethereum-dogecoin-slingshot-to-the-moon-after-trump-victory-but-sharp-correction-m?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Slingshot To The Moon After Trump Victory But &#8216;Sharp&#8217; Correction Might Be In Store: Analyst Views BTC Between $80-90K By End Of Year</a>
Why It Matters: The launch of these ETFs by Invesco comes at a time when thematic investing is<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41713236/donald-trumps-return-to-white-house-could-propel-these-etfs-to-new-highs"> gaining traction among investors</a> looking to capitalize on specific industry trends. The focus on artificial intelligence, cybersecurity, and defense aligns with growing global interest in these areas, driven by technological advancements and increasing security concerns.
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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 Invesco

New ETFs

ETFs

AAPL

AVGO

CIBR

CRWD

CSCO

FTEC

FTNT

HACK

IHAK

iShares Dow Jones US Aerospace & Defense Index Fund

PANW

Invesco Launches New ETFs Targeting AI, Cybersecurity, And Defense. Here's How Some Of Their Peers Have Performed In The Past Year

Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is currently under investigation for potential tax fraud in France and the Netherlands. 
What Happened: The offices of the streaming giant were searched by investigators on Tuesday morning as part of a preliminary inquiry into alleged tax fraud and money laundering, reported Reuters.
The investigation, led by the French National Financial Prosecutor&#8217;s Office (PNF,) is focused on potential financial crimes and corruption. The probe, which began in November 2022, has led to searches at Netflix&#8217;s offices in central Paris and its European headquarters in Amsterdam.
A preliminary investigation in France does not automatically indicate that criminal charges will be filed or that a trial will occur.
See Also: <a href="https://www.benzinga.com/news/24/11/41703723/mark-cubans-million-dollar-advice-to-teens-if-i-were-16-again-id-start-this-lucrative-side-hustle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban&#8217;s Million-Dollar Advice To Teens: &#8216;If I Were 16 Again, I&#8217;d Start This Lucrative Side Hustle&#8217;</a>
Dutch authorities were simultaneously searching Netflix&#8217;s European headquarters in Amsterdam, according to the French judicial source. Neither Netflix France nor Netflix Netherlands have released a statement.
Netflix did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
Why It Matters: In 2022, Netflix settled a tax dispute with Italy by paying 55.8 million euros ($60.78 million). The company, which opened its Paris office in 2020, produces most of its original films and series by working with third-party contractors.
This investigation comes at a time of significant change within Netflix. The company recently <a href="https://www.benzinga.com/news/24/10/41631621/netflix-restructures-leadership-bids-farewell-to-two-key-executives">restructured its leadership</a>, with the departure of two key executives, Rachel Whetstone, chief communications officer, and Dean Garfield, VP of public policy. This restructuring was part of a planned change announced by Co-CEO Ted Sarandos.
Price Action: Netflix stock, which has gained 61.26% so far this year, was down 0.2% during premarket trading on Tuesday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
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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.

Global

Netflix In Hot Water As Tax Fraud Investigators Raid French, Dutch Offices: Report

Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Prime Video is unveiling an X-Ray Recaps feature to help users stay updated on their favorite shows, even after <a target="_blank" href="https://www.aboutamazon.com/news/entertainment/amazon-prime-video-x-ray-recaps" rel="noreferrer noopener">long breaks between episodes</a>.
Instead of rewinding or searching for plot summaries, viewers can now access spoiler-free, AI-generated recaps to refresh their memory quickly.
X-Ray Recaps uses generative AI to create concise summaries tailored to a user&#8217;s specific point in an episode or season.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41722824/apples-services-and-silicon-strategy-to-fuel-margins-justify-high-valuation-analyst" rel="noreferrer noopener">Apple&#8217;s Services And Silicon Strategy To Fuel Margins, Justify High Valuation: Analyst</a>
Whether viewers need a refresher on critical events halfway through a season or have missed crucial plot points, X-Ray Recaps provides clear, relevant context in short text segments.
This feature extends Prime Video&#8217;s existing X-Ray tool, which already offers cast, soundtrack, and trivia information to enhance the viewing experience.
Amazon&#8217;s new feature leverages Amazon Bedrock, an AWS service for creating and scaling AI applications.
The feature combines Bedrock&#8217;s AI and customized models trained on Amazon SageMaker to analyze video segments and subtitles to generate comprehensive yet spoiler-free summaries.
Guardrails ensure that the recaps avoid spoilers and keep the content concise, making it ideal for audiences eager to return to their shows without missing key developments.
Prime Video users can access X-Ray Recaps directly from the detail page or during playback within the X-Ray experience. Once activated, options include summaries for the current episode, the season, or the previous season.
The feature is currently in beta and is available to U.S. customers on Fire TV, with broader device support expected by the end of the year.
At launch, X-Ray Recaps will cover the Amazon MGM Studios Original series.
The move marks Amazon&#8217;s efforts to stay relevant versus streaming giants like Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>). Amazon Prime Video started offering lower ad prices than Netflix and other streaming rivals as it competes <a target="_blank" href="https://www.benzinga.com/news/24/07/40042764/amazon-challenges-netflix-with-cheaper-ad-slots-boosts-prime-video-ads-report" rel="noreferrer noopener">for advertiser interest</a>.
Bernstein analyst Mark Shmulik noted Amazon as a substantial investment, even with upcoming <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41737293/amazon-stock-buy-now-pay-off-later-says-analyst" rel="noreferrer noopener">infrastructure spending increases</a>. Shmulik sees Amazon&#8217;s core operations, AWS revenue, and Prime Video investments as key drivers, especially before the holiday season.
He emphasized that Amazon&#8217;s spending tends to yield solid returns, setting up for strong free cash flow in 2025.
<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41692259/amazon-analysts-see-growth-ahead-with-aws-in-early-innings-of-a-big-ai-cycle-advert" rel="noreferrer noopener">Analysts view Amazon Prime Video</a> as a strategic growth driver within Amazon&#8217;s expanding advertising segment. The recent introduction of Prime Video&#8217;s ad-supported tier will likely boost Amazon&#8217;s advertising revenue, with analysts like Truist&#8217;s Youssef Squali projecting significant contributions by fiscal 2025. BMO Capital&#8217;s Brian Pitz also noted that sports content and new AI-driven bidding tools could further enhance ad revenue potential.
Price Action: AMZN stock traded higher by 0.13% to $196.03 premarket at the last check on Tuesday.
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Photo via Shutterstock

Amazon Takes on Netflix With New AI Recaps

Legal

Reuters Reported France's PNF Financial Prosecutor Body Has Carried Out Searches Today At Netflix France, Amsterdam Offices, Citing Judicial Source

Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) has outperformed the market over the past 10 years by 19.14% on an annualized basis producing an average annual return of 30.1%. Currently, Netflix has a market capitalization of $322.76 billion. 
Buying $1000 In NFLX: If an investor had bought $1000 of NFLX stock 10 years ago, it would be worth $13,809.63 today based on a price of $755.07 for NFLX at the time of writing.
<h3>Netflix's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730385011_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.

$1000 Invested In Netflix 10 Years Ago Would Be Worth This Much Today

Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)&nbsp;reported a third-quarter revenue decline of 6.5% year-over-year to $32.07 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41648656/comcast-reports-3rd-quarter-2024-results" rel="noreferrer noopener">analyst consensus estimate of $31.64 billion</a>.
The company reported adjusted EPS of $1.12, beating&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimates of $1.06</a>. The stock price gained after the earnings report.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41450868/verizon-q3-earnings-wireless-subs-boost-with-5g-offers-1-7b-severance-charge-hit-to-profit-reiterat" rel="noreferrer noopener">Verizon Q3 Earnings: Wireless Subs Boost with 5G Offers, $1.7B Severance Charge Hit To Profit, Reiterates Annual Outlook</a>
Summer Olympics in Paris proved instrumental in driving higher NBCUniversal revenue and Peacock subscribers.&nbsp;
The media segment posted revenue growth of 36.5% year over year to $8.23 billion. Revenue excluding the Olympics grew only 4.9% to $6.33 billion.
Peacock&#8217;s paid subscribers increased 29% year over year to 36 million, and revenue grew by 82% year over year to $1.5 billion.
Studios&#8217; revenue increased by 12.3% year over year to $2.83 billion due to higher content licensing and theatrical revenue, including&nbsp;Despicable Me 4 and&nbsp;Twisters.
Theme Parks revenue decreased by 5.3% Y/Y to $2.29 billion due to lower revenue at its domestic theme parks, driven by lower guest attendance.
Connectivity &amp; Platforms adjusted EBITDA remained flat year over year at $8.3 billion, with a margin expansion of 30 bps to 40.9%.
Comcast said it generated $3.4 billion in free cash flow during the quarter.
Comcast lost 87,000 broadband customers in the period amid rivalry with telecom companies. Comcast also lost 365,000 video subscribers as streaming giants like Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) gain traction.
Total domestic wireless line net additions were 319,000.
On the conference call, Comcast said it is exploring making a new company comprising of cable networks.
CMCSA Price Action:&nbsp;At the last check on Thursday, Comcast stock was up 6.53% at $45.01 premarket.
Also Read:
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</ul>
Photo by rarrarorro on Shutterstock

CMCSA

Comcast Q3 Earnings: Olympics Power NBCUniversal Gains, Peacock Hits 36M Subscribers, Explores Forming New Company Of Cable Networks

Today brought an unexpected win for streaming giant Netflix ($NFLX), who just celebrated two years since its ad-supported tier of service came out....

Netflix (NASDAQ:NFLX) Celebrates Two Years with Ads, 70 Million on Board

Today brought an unexpected win for streaming giant Netflix ($NFLX), which just celebrated two years since its ad-supported tier of service came ou...

Netflix (NASDAQ:NFLX) Celebrates Two Years of Ads with 70 Million Users

Evercore ISI notes that on Tuesday, Netflix (NFLX) provided a positive update on its ad business, disclosing 70M MAUs of its ad-supported plan as t...

Evercore says Netflix MAU growth to support outlook to double Ad revenue in 2025

In a report released today, Mark Mahaney from Evercore ISI maintained a Buy rating on Netflix (NFLX – Research Report), with a price target of $775...

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Elliott Wave Strategies SP500, Nasdaq 100, AAPL, AMZN, NVDA, META, NFLX, GOOGL, MSFT, TSLA, BITCOIN

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As streaming continues to dominate the digital entertainment landscape, the global streaming market presents a lucrative investment opportunity. So, it could be ideal to invest in fundamentally solid streaming stocks Netflix (NFLX), Walt Disney (DIS), and Roku (ROKU). Read further... The streaming industry is experiencing rapid growth, driven by the increasing adoption of digital content consumption. So, investors could scoop up shares of key players like Netflix, Inc.(<a href="https://stocknews.com/stock/NFLX/">NFLX</a>), Disney (<a href="https://stocknews.com/stock/DIS/">DIS</a>), and Roku (<a href="https://stocknews.com/stock/ROKU/">ROKU</a>), which are capitalizing on the rising demand.
As consumers shift away from traditional cable services and embrace digital platforms, the market is poised for expansion, fueled by subscription-based models, a diverse content offering, and the growing popularity of streaming services across various regions. As a result, the global Video Streaming (SVoD) market is projected to reach <a href="https://www.statista.com/outlook/dmo/digital-media/video-on-demand/video-streaming-svod/worldwide">$137.70 billion by 2027</a>, exhibiting a robust CAGR of 8.3%.
Further, the streaming market is bolstered by the rise of digital entertainment, online gaming communities, and the shift toward remote work and social distancing. As people increasingly turn to streaming for both entertainment and social interaction, this trend is expected to continue globally, reflecting changing lifestyles and cultural norms.
The streaming market's user base is forecasted to reach 0.8 billion by 2029, with user penetration growing from <a href="https://www.statista.com/outlook/amo/esports/streaming/worldwide">10.2% in 2024 to 12.2% by 2029</a>. The industry's ARPU stands at approximately $0.2, highlighting the expansive reach and financial potential of the streaming sector as consumer demand surges.
Considering these conducive trends, let's examine the Streaming stocks in detail.
Netflix, Inc. (<a href="https://stocknews.com/stock/NFLX/">NFLX</a>)
NFLX is a global entertainment service provider offering a wide range of TV series, documentaries, feature films, and games across diverse genres and languages. Catering to audiences in over 190 countries, NFLX also delivers streaming content accessible on various internet-connected devices, including TVs, mobile devices, and set-top boxes.
During the fiscal third quarter that ended September 30, 2024, NFLX's total revenue increased 15% year-over-year to $9.83 billion. Its operating income grew 51.8% from the year-ago value to $2.91 billion. In addition, the company's net income and EPS came in at $2.36 billion 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 ended on 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 for all four quarters, which is promising.
Over the past year, the stock has gained 79.5% to close the last trading session at $780.21. It soared 60.3% year-to-date.
NFLX'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.
NFLX has a B grade in Sentiment and Quality. It is ranked #19 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 NFLX grades for Growth, Momentum, Value, and Stability. 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 is a global entertainment leader with segments in Entertainment, Sports, and Experiences. Through brands like Disney, Marvel, and ESPN, and streaming platforms such as Disney+ and Hulu, Disney delivers diverse content, operates theme parks, and licenses merchandise worldwide.
It pays an annual dividend of $0.90, which translates to a <a href="https://www.investopedia.com/terms/d/dividendyield.asp">dividend yield</a> of 0.9% at the prevailing price levels.
In the fiscal third quarter ended June 29, 2024, DIS's total revenues increased 4% year-over-year to $23.16 billion. Its income before income taxes was recorded at $3.09 billion, compared to a loss of $134 million in the same quarter the last year. Moreover, it reported an adjusted EPS of $1.39, up 35% from the prior-year quarter.
Street expects DIS's revenue and EPS for the fourth quarter ended September 30, 2024, to increase 5.9% and 35.1% year-over-year to $22.49 billion and $1.11, respectively.
The stock climbed 9.5% year-to-date and has returned 17.7% over the past year to close the last trading session at $98.89.
DIS's POWR Ratings reflect strong prospects.
It has a B for Growth and Sentiment. It is ranked #7 out of 12 stocks in the <a href="https://stocknews.com/category/entertainment-media-producers/">Entertainment - Media Producers</a> industry.
To access DIS's Value, Momentum, Stability, and Quality ratings, click <a href="https://stocknews.com/stock/DIS/">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.
On Oct. 9, 2024, Maplebear Inc. (<a href="https://stocknews.com/stock/CART/">CART</a>) and ROKU expanded their partnership to make TV viewing more interactive and shoppable for high-intent audiences. Through enhanced ad targeting and closed-loop measurement, CPG advertisers will have a better reach to relevant consumers, streamlining personalized shopping experiences directly from TV.
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 15.9% year-over-year to $1.14 billion. Its EPS for the same quarter is expected to grow 22.4% from the prior year. In addition, it surpassed the consensus revenue estimates in each of the trailing four quarters.
Shares of ROKU have gained 19.8% over the past six months to close the last trading session at $72.27.
ROKU's bright prospects are apparent in its POWR Ratings. The company operates within the B-rated <a href="https://stocknews.com/category/consumer-goods/">Consumer Goods</a> industry and is ranked #38 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 />
NFLX shares were trading at $785.36 per share on Thursday morning, up $5.15 (+0.66%). Year-to-date, NFLX has gained 61.30%, versus a 26.22% 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/nflx-dis-roku-3-streaming-stocks-benefiting-from-cord-cutting-trends/>3 Streaming Stocks Benefiting from Cord-Cutting Trends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Streaming Stocks Benefiting from Cord-Cutting Trends

As seen in the chart below, Netflix ($NFLX) stock has rallied more than 85% over the past year, yet the stock might still have more room to run. Th...

Even at All-Time-Highs, Netflix (NFLX) Stock Remains an Attractive Option

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Screenshot 2024-04-09 at 7.14.47 PM

TOON

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