Positive

From Yahoo Finance: 2025-04-21 05:07:00

Netflix shares rose 3% in premarket trading as the company’s upbeat annual revenue outlook reassured investors. Co-CEO Greg Peters noted resilience in the entertainment sector during downturns. Netflix reported first-quarter earnings above expectations and reaffirmed its 2025 revenue forecast of $43.5-$44.5 billion.

Investors find comfort in Netflix’s resilience amid economic uncertainty. Analysts predict strong growth in the company’s advertising business, with the ad-supported tier accounting for 55% of new sign-ups. Netflix aims to double revenue by 2024 and reach $9 billion in global ad sales by 2030, focusing on steady revenue growth.

Wall Street saw at least seven brokerages raising price targets for Netflix, with a median target of $1,147.50. Peers like Walt Disney and Warner Bros Discovery saw slight decreases in premarket trading. With a focus on ad revenue growth and strong performance, Netflix continues to attract investor confidence and positive outlooks.

Read more: Netflix stock rises as rosy outlook calms investors’ nerves amid tariff fears