Wall Street Breakfast Netflix beats, raises, still slips
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Jul 18, 2025 Netflix impressively raised its 2025 revenue forecast to $45.2 billion, despite a slight dip in trading. The rivalry in streaming intensifies as Peacock's new ad-supported plan becomes the most expensive. Discussions also highlight Union Pacific's potential acquisition of Norfolk Southern. With rising costs in content, including sports, the podcast dives into how these dynamics are reshaping the entertainment and rail sectors.
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Netflix Q2 Beat and Growth
- Netflix beat Q2 revenue expectations with $11.08 billion and operating income rising to $3.78 billion.
- It raised full-year revenue guidance to $44.8-$45.2 billion, expanding live programming including marquee boxing and NFL events.
Peacock Price Hikes Explained
- Peacock raised its ad-supported plan price 40% to $10.99 and ad-free plan by 20%, making it the costliest among rivals.
- This follows a $2 increase last year and funding big sports investments like the NBA deal.
Union Pacific's Rail Acquisition Plans
- Union Pacific is in early talks to acquire Norfolk Southern to create the largest U.S. rail operator with coast-to-coast reach.
- Regulatory scrutiny from multiple agencies and unions will be significant due to the deal's scale and impact.