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. Stock
€569.10
0.280%
Currently there is a rather positive sentiment for Netflix Inc. with 77 Buy predictions and 8 Sell predictions.
At the moment Netflix Inc. has reached the predicted target price of 571 €, with a current price of 569.1 €.
