Bloomberg Businessweek
Instant Reaction: Netflix Records Another Strong Quarter
Oct 17, 2024
Dan Morgan, a senior portfolio manager at Synovus Trust Company, shares his insights on Netflix's impressive third-quarter performance. He discusses the surprising addition of over 5 million subscribers despite a constrained programming slate. The conversation highlights the evolving landscape of advertising revenue and how it may shape Netflix's future in a competitive market. Morgan also touches on the challenges investors face as traditional metrics shift, underscoring the significance of subscriber dynamics and pricing strategies.
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Quick takeaways
- Netflix's impressive third-quarter growth, adding over 5 million customers, showcases the company overcoming programming challenges stemming from Hollywood strikes.
- The podcast emphasizes Netflix's strategic shift towards prioritizing advertising revenue, signaling a need for new metrics to evaluate its business model.
Deep dives
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