Instead of just making movies on its own, Netflix Inc. (NASDAQ: NFLX) may buy Warner Bros.
The deal would feel the streaming giant's flywheel model, giving it even more content to attract subscribers.
Netflix is actively exploring a bid for Warner Bros Discovery's studio and streaming business, retaining a financial advisor and gaining access to financial information, according to a report.
Netflix is actively exploring a bid for Warner Bros Discovery's studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the matter.
Netflix plans a 10-for-1 stock split, citing the need to make its share price more accessible to employees
Netflix announced a 10-for-1 stock split, a move that changes nothing fundamentally about the company, but could make the pricey individual shares more accessible to the retail investor.
Netflix stock (NASDAQ:NFLX) has shown remarkable performance, increasing by 45% in the last 12 months and currently trades at approximately $1,100 for each share. This surge has been fueled by the company's efforts to tackle password sharing and the introduction of its advertising-supported streaming option, although the stock has experienced a minor sell-off in recent times.
Netflix reported a solid Q3 with strong revenue growth and content engagement, despite a one-off Brazilian tax expense impacting margins. The recent stock decline is attributed more to Warner Bros. Discovery acquisition rumors than to the tax issue, which is not company-specific. Pro forma modeling shows acquiring WBD's Studios & Streaming division could boost NFLX EPS by 21% by FY29, offering significant upside potential.
Artificial intelligence is widening the productivity gap between the large and small companies, furthering the 'K-shaped economy' phenomenon.
NFLX drops 12% post-Q3 on Brazilian tax miss. Ad revenues are doubling, and live streaming is expanding.
Netflix's profits took a temporary hit and its growth potential is still strong in spite of a minuscule deceleration in the coming quarter. The stock trades at a lofty valuation even with the pullback.