Netflix is expanding beyond streaming, adding live events and immersive experiences, stock soaring 80%.

From Nasdaq: 2024-05-18 11:11:00

Netflix (NASDAQ: NFLX) has transformed content consumption, shifting from DVD rental to streaming. Competitors like Disney, Warner Bros. Discovery, and Amazon try to catch up. Netflix pivots to live events, recently streaming a comedy show viewed by 14 million. It will livestream a Jake Paul boxing match and NFL Christmas day games.

Netflix also delves into immersive experiences with Netflix Houses, mirroring Disney’s strategy. While pricey with a P/S ratio of 7.8, Netflix’s stock has soared 80% in the last year. It is seen as a compelling buy for long-term investors, evolving into a new-age Disney with diverse entertainment offerings spanning demographics.



Read more at Nasdaq: Can I Have Your Attention Please? Netflix Is No Longer Just a Streaming Platform. Here’s What the Company Is Building Next.