Netflix Stock News

Netflix is hitting new highs this week. The good times don't have to end.

Netflix Inc (NASDAQ:NFLX, ETR:NFC) announced Tuesday that its ad-supported subscription tier has reached 70 million global monthly active users, marking substantial growth for the streaming giant's ad business two years after its launch. This figure represents a sharp increase from the 40 million users disclosed in May during Netflix's second Upfront presentation.

Over 50% of new sign-ups on Netflix are for the ads plan in ad-supported countries.

Netflix stock climbed Tuesday after the streaming video leader reported a big jump in users of its advertising-supported service. The post Netflix Stock Surfs To Record High On Advertising Business Growth appeared first on Investor's Business Daily.

Netflix said on Tuesday that its ad-supported tier now has 70 million monthly active users globally, nearly doubling the number reported earlier this year.

Netflix's ad-supported tier has reached 70 million global monthly users. The streaming giant introduced the cheaper tier with commercials in November 2022 as one of its responses to slowing subscriber growth.

These stocks may have done well this year, but here's the case for owning them for another two decades or more.

Netflix's superior content, recommendations, and user interface give it a competitive edge in the streaming space, attracting and retaining subscribers. Growth opportunities lie in expanding ad revenue, entering live sports streaming, and increasing prices in LATAM and Asia-Pacific markets. Netflix's strong balance sheet, rising ROIC, and undervalued stock price suggest significant upside poten...