Netflix has triumphed in the streaming wars, underscored by a week of robust financial results and strategic initiatives. The company's stock soared after a better-than-expected earnings report, with shares poised for their best week in more than a year. Netflix's success is attributed to its blend of original content, reruns, and a recent expansion into live broadcasts, including a $5 billion, 10-year deal with WWE for 'WWE Raw.' The streaming service also reported record Q4 net additions, adding 13 million members for a total of 260 million, expanding margins, and positive cash flow. Additionally, Netflix is experiencing strong momentum in gaming, highlighted by its involvement with GTA. Co-CEO Ted Sarandos stated that the WWE deal fits within Netflix's sports entertainment strategy and does not signal a move into traditional live sports. Analysts have reacted favorably, with a consensus to raise price targets for Netflix.
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While Netflix is pulling far ahead of rivals, it is extending an olive branch as a buyer of shows and as a possible bundle partner https://t.co/VYEY0MtGy6
Wall Street overwhelmingly applauded Netflix's earnings report with analysts upping their price targets across the board. https://t.co/xvM4cEJp0T
Netflix says its new WWE deal doesn't change its outlook on avoiding traditional live sports. "WWE Raw is sports entertainment, which is right in the sweet spot of our sports business, which is the drama of sports," says Netflix co-CEO Ted Sarandos. https://t.co/12l7RN3X1E
$NFLX Netflix shocked the world this week. ๐ฟ Record Q4 net additions. ๐จโ๐ฉโ๐งโ๐ง +13M members (total 260M). ๐ Expanding Margins & cash flow. ๐คผโโ๏ธ $5B 10-year deal for WWE Raw. ๐ฎ Strong momentum in gaming with GTA. Watch the full review on our channel โฌ๏ธ https://t.co/pwR0G53tZz https://t.co/0hL2v5OGjI
Letโs break down Netflixโs incredibly eventful week, which involved everything from pro wrestling, โSex and the City,โ rising subscriber numbers, and more. https://t.co/YxbHq45LNs
Looks like the winner of the streaming war has been decided. https://t.co/PisSkDAJL4
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Netflix spending a ton of money to procure WWE rights globally is the smartest thing they've done since they decided to make House of Cards and create the binging model. https://t.co/bNXux9bZDc
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Netflix is the winner of the streaming wars because it's now a comprehensive content provider -- rather than just a streaming service, argues Paul Hardart https://t.co/HXqsCxRDGf via @opinion
A better-than-expected earnings report lifted shares of Netflix, putting the stock on track for its best week in more than a year https://t.co/HxbZfPmqMI
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Netflix's combination of original content and reruns has been the backbone of its success so far, and now it's positioning itself aggressively for a new phase that relies more heavily on live broadcasts. https://t.co/TcSOGNkMcT
Netflix is the winner of the streaming wars because it's now a comprehensive content provider -- rather than just a streaming service, argues Paul Hardart https://t.co/l9E4uIhN8i
Hot take: Netflix knows it won the streaming wars, and it is now incentivized to help some of its competitors out, both to bolster its content library, and to help grow its ad business. https://t.co/tPTx7GDA5Y
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Streaming wars are over and Netflix wonย via @FT https://t.co/Aoy1qaQCMX
Netflix's very good week โ strong earnings, rising stock and a blockbuster deal with the WWE โ cemented its victory in the streaming wars. https://t.co/wa0UVeymzO