1 Streaming Video Stock With Profits Poised to Explode in 2024. Time to Buy?
Media companies have been hard-pressed to make a profit from streaming video. But there's one company in the space that's already immensely profitable and should see a substantial profit bump next year.
(NASDAQ: NFLX) generated $2.8 billion in net income through the first six months of 2023, while practically all of its peers are losing money. Its operating margin of 21.6% represents a step back from 2022, but its margins are set to see significant expansion next year, led by a planned price increase.
Netflix's price increase shows confidence from management that it can produce meaningful operating leverage in 2024, boosting its bottom line. Here's what it means for investors.
Source Fool.com
Netflix Inc. Aktie
611,40 €
1,42 %
Die Community bevorzugt leicht Netflix Inc. mit mehr Buy- als Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 643 € für Netflix Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 611.4 € hin.
