澳洲幸运5官方开奖结果体彩网

Netflix Stock Pops After Report Streaming Giant Aims To Double Revenue by 2030

Netflix building.

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Key Takeaways

  • Netflix shares jumped Tuesday after a report company executives laid out ambitious targets at a business review meeting last month.
  • The streaming giant aims to double its revenue by 2030 and reach a market capitalization of $1 trillion, The Wall Street Journal reported Monday.
  • Netflix is set to report first-quarter results after the market closes Thursday.

Netflix (NLFX) shares jumped Tuesday follow🌺ing a report company executives laid out ambitious targets at a business revieꦦw meeting last month.

Executives said the streaming giant aims to double the $39 billion in revenue Netflix brought in last year, with a global ad sales target of $9 billion by 2030, The Wall Street Journal reported Monday, citing people familiar with the matter.

The streaming giant also aims to reach a 澳洲幸运5官方开奖结果体彩网:market capitalization of $1 trillion by 2030, the report said, up from roughly $419.2 billion. The only U.S. companies with a market cap above $1 trillion today include Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL), Amazon (AMZN), Meta (META), and Berkshire Hathaway (BRK.ABRK.B).

Netflix did not 🦹immediately respond to a request for comment.

Shares were up more than 5% in recent trading Tuesday, leading gains on the S&P 500. They've added about 60% of their value over the past 12 months. (Read Investopedia's live coverage of 澳洲幸运5官方开奖结果体彩网:today's market action here.)

Last week, Morgan Stanley analysts named Netflix a 澳洲幸运5官方开奖结果体彩网:“top pick,” arguing the company could be well-positioned to withstand the current tariff landscape. The streaming giant has shown "momentum” in its core subscription business, the analysts said. That momentum lowers the company’s overall risk, the bank added, even if the advertising market struggles amid rising trade tensions.

Netflix is 澳洲幸运5官方开奖结果体彩网:set to reဣport its first-quarter results after the market closes Thursday.

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