Bloomberg Daybreak: US Edition Daybreak Weekend: Netflix Earnings, Reeves Speech, Japan Eco
Jul 11, 2025
Katya Dimitrieva, a Bloomberg Asia economy reporter based in Hong Kong, analyzes the upcoming U.S. CPI and PPI data while unpacking Netflix's earnings and strategic shifts in the streaming landscape. She examines the impact of U.S. tariff policies on Japan's economy and discusses the significance of a crucial speech by UK Chancellor Rachel Reeves. The conversation highlights labor market trends, inflation metrics, and the positioning of renewable energy stocks, offering insights into global economic dynamics.
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Labor Market and Inflation Outlook
- June jobs report shows labor market slowing, not in trouble yet.
- Fed sees CPI and PPI data as critical for inflation and tariff impact assessment.
Netflix's Bold Live Programming Gamble to Dominate Streaming
Netflix is aggressively expanding into live programming to boost advertising revenue and extend its dominance in streaming.
- Live sports like WWE, UFC, and Formula One are central to their strategy as these programs consistently rank in the top 10.
- Netflix aims to grow advertising revenue from about $1.5 billion in 2024 to $9 billion by 2030.
- They're experimenting with integrating live TV content like France's TF1 into their platform, signaling a shift beyond on-demand content.
- Despite price hikes, subscriber growth remains strong due to a robust content slate including blockbusters like Squid Game 3 and Stranger Things.
This move reflects Netflix’s focus on increasing user engagement and capturing more consumer media usage time.
Netflix's Strategic Shift
- Netflix shifts focus to revenue growth and operating margins over subscriber count.
- Expanding live programming aims to boost advertising revenue significantly by 2030.