Reported 11 months ago
Netflix's stock approaches its all-time high as investors are pleased with the company's expansion into live sports and the growth of its ad-supported tier. Netflix secured streaming rights for NFL games and reported a surge in ad tier users, reaching 40 million monthly active users globally. Despite concerns about subscriber growth, Wall Street analysts are optimistic about Netflix's revenue growth strategies, such as price hikes and partnerships. The company's recent venture into live events and sports content, along with innovative initiatives like Netflix House, have contributed to its positive outlook.
Source: YAHOO