Netflix stock price today is up hitting 22.4%.

Angelina
Netflix stock price today is up hitting 22.4%.

Let’s get to our other big mover of this morning and that is Netflix.

It’s coming for a while once again, the streaming giant is hiking its prices for both its basic plan and premium plan now sitting at 1199 and 2299, respectively, the company did say that it’s all a turnaround in subscribers and its earnings release last night surging 8.8 million in the third quarter as its ad tier addition and password crackdown proved to be beneficial. Netflix also gives strong profitability metrics here with the operating margin hitting 22.4%. growth.

And do you agree that you don’t see Netflix anywhere near the ceiling when it comes to margins? absolutely. When you’re talking about some service, subscriber growth, the way that they have accomplished it and being able to raise prices by almost 20%, that creates an enormous amount of revenue growth,

we see revenue growth by about a billion dollars year over year from where we are today, going into the same time period next year. So that’s substantial, there’s quite a bit of runway that’s very positive in front of them in the near term, your the challenge is going to be all these exciting numbers, lots of eyeballs watching, but where does the content come from

Netflix stock price today is up hitting 22.4%.
Netflix

I think the runway for them to grow is going to be outside of the US.

They were international exposure, their foreign language commitment to content, you know, now they have subscribers from over 100 different countries. And really, that provides an enormous amount of uplift in terms of new subscribers outside of North America. I think that’s very exciting for the company. And they really have spent a lot of time and effort creating that foreign language content in multiple languages, obviously geared toward multiple different audiences. And I think that’s a really exciting place where Netflix could really enjoy a lot of growth more than its competition at this point in time.

Content features that drive some of those international views.

Well, I think, you know, live sports is a nice hedge to, you know, maybe protect a loss of content, if the strike with the actors continues for a long period of time, obviously, you’ve got a lot of competition there to stream these events. And I do think it would make sense for Netflix to try and at least have some type of a product to offer in order to be competitive in that marketplace. But you guys mentioned it earlier. No, they came from renting DVDs a long time ago. And they were able to invest organically and change their business model. And so we think that they’re at a point now, with this amount of revenue generation, they can do the same thing, again, organically pivot to something that might be better produced in terms of margins and profitability down the road,

Netflix stock price today is up hitting 22.4%.
Netflix
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