NFLX was the only major tech name managing to eke out strong gains overnight, adding to the previous sessions’ drive higher after the streaming business reported its fourth-quarter earnings on Tuesday. NFLX beat on the top and bottom lines and raised its 2025 revenue forecast; the company surpassed 300 million paid memberships during the quarter, adding a record 19 million subscribers – simple huge numbers! On Tuesday, the streaming giant announced that its standard plan without commercials will increase from $US15.49 monthly to $US17.99, showcasing how these sorts of platform companies can become so powerful once they have scale.
- We like NFLX’s latest update, but the risk/reward of around $US1,000 isn’t compelling at this stage.
MM is cautiously bullish toward NFLX
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