:max_bytes(150000):strip_icc()/GettyImages-21780137011-f95119cf9e4a47b3b76defef1e6a05a3.jpg?w=1920&resize=1920,1267&ssl=1 "Netflix Stock Pops After Report Streaming Giant Aims To Double Revenue by 2030")
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key takeaways
- Netflix shares set ambitious targets at a trade review meeting last month by a report company officials.
- Streaming giants aim to double their revenue by 2030 and reach market capitalization of $ 1 trillion, Wall Street Journal Informed on Monday.
- Netflix is ready to report the results of the first quarter after the market closure on Thursday.
Shares of Netflix (NLFX) set ambitious targets in a trade review meeting last month after a report company officials on Tuesday.
Officials said that the purpose of streaming giants is to double $ 39 billion in the revenue Netflix brought last year, with a $ 9 billion global advertising sales target by 2030, Wall Street Journal On Monday, citing people familiar with the matter, he said.
Streaming giants aims to reach market capitalization of $ 1 trillion by 2030, stated in the report, above $ 419.2 billion. The only American companies with market cap above $ 1 trillion include Apple (AAPL), Microsoft (MSFT), NVDIA (NVDA), alphabet (Googl), Amazon (AMZN), Mata, and Burkshire Hathaway (BRK.A, Brk.B).
Netflix did not immediately respond to a request for comments.
The shares in recent trading were more than 5% Tuesday, leading benefits on S&P 500. He has added about 60% of his value in the last 12 months. (Reading Investopedia Live coverage of today’s market action.)
Last week, analysts from Morgan Stanley named Netflix as “Top Pick”, arguing that the company could be well deployed to face the current tariff landscape. Analysts stated that the streaming giant has shown “speed” in its main membership business. This speed reduces the overall risk of the company, the bank said, even if the advertisement market struggles amid growing trade tensions.
Netflix is ready to report its first quarter results after the market closure on Thursday.
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