Reported about 2 months ago
Netflix's stock closed at a record high of nearly $699 per share, buoyed by a 150% increase in upfront ad sales commitments for 2023 as the company prepares for its offerings in live sports and new programming. Notable upcoming titles, including 'Happy Gilmore 2' and 'Squid Game 2,' alongside the acquisition of NFL and WWE content, have contributed to this success. Analysts predict potential price hikes for Netflix’s plans, enhancing its revenue growth strategy in the coming years.
Source: YAHOO