La vendita allo scoperto per Netflix dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Netflix. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Netflix (NASDAQ:NFLX) Azioni, Report sulle vendite allo scoperto

Netflix

Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 280 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

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Bill Gates rivela perché rifiuta la pensione e come Warren Buffett influisce sulla sua decisione di continuare a lavorare.

Bill Gates rinuncia alla pensione: è Warren Buffett a tenerlo a lavoro

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GTA: San Andreas domina il catalogo di giochi Netflix con 25,2 milioni di download, superando tutti gli altri titoli sulla piattaforma.

GTA: San Andreas è il gioco più scaricato su Netflix

Netflix Inc

The Future Fund LLC Managing Partner Gary Black defended his firm&#8217;s Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) investment strategy amid criticism from Tesla bulls, emphasizing a disciplined approach to position management <a href="https://www.benzinga.com/24/11/42056286/tesla-is-back-in-gary-blacks-top-5-holdings">rather than short-term trading</a>.
What Happened: Black revealed that his fund&#8217;s average Tesla stock purchase price since early 2023 has been $162, while their average selling price reached $252. The disclosure came as The Future Fund recently trimmed its Tesla position at $351, following a 150% surge from April lows.
&#8220;That&#8217;s what professional investors do &#8211; buy low, sell high,&#8221; Black stated on X, addressing criticism from Tesla enthusiasts. &#8220;No one ever went broke by taking profits.&#8221;
The Future Fund began reducing its Tesla position in the fourth quarter of 2022 when it represented 12.2% of the portfolio, following Tesla&#8217;s 20% EV price cuts. 
The position now stands at 4.11% as of Nov 15, making Tesla <a href="https://www.benzinga.com/24/11/42056286/tesla-is-back-in-gary-blacks-top-5-holdings">the fifth-largest holding</a> in The Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>), behind NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), and Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> uberbulls give me grief for trimming <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> at $351 two weeks ago after TSLA had increased 150% since April. That's what professional investors do &#8211; buy low, sell high. Our avg sell price over the past two years is $252; our avg buy price has been $162. No one ever went… <a href="https://t.co/I93BRakb0L">pic.twitter.com/I93BRakb0L</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1860736331900424522?ref_src=twsrc%5Etfw">November 24, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/global/24/11/42156160/palantir-price-target-raised-to-75-by-dan-ives-amid-288-ytd-surge-analyst-calls-2025-a-primetime-year-for-ai">Palantir Price Target Raised To $75 By Dan Ives Amid 288% YTD Surge: Analyst Calls 2025 A &#8216;Primetime&#8217; Year For AI</a>
Why It Matters: Black pointed to Tesla&#8217;s earnings estimates being reduced by 59% since the price cuts, noting that competitors matched the reductions, resulting in minimal volume growth. Despite the recent rally, Tesla&#8217;s stock has underperformed the NASDAQ 100 index by 32 percentage points over the past three years.
The investment veteran expressed concern about <a href="https://www.benzinga.com/news/global/24/11/42028323/gary-black-defends-tesla-strategy-amid-clash-with-elon-musk-bulls-we-dont-trade-tesla-we-trim-when-the-price-goes-higher">growing polarization within the Tesla investor community</a>, noting that moderate voices face criticism for discussing potential risks. 
&#8220;In the X world, uberbulls bash fellow bulls personally for not being bullish enough. That does not happen in the real world. Portfolio discipline is rewarded, not criticized,&#8221; Black emphasized.
The debate comes amid increased attention on Tesla, with recent headlines highlighting the Cybertruck&#8217;s appearance in President-elect Donald Trump&#8216;s motorcade during a visit to SpaceX&#8217;s Starbase facility, potentially signaling new <a href="https://www.benzinga.com/news/24/11/42152721/tesla-cybertruck-part-of-donald-trumps-motorcade-will-vehicle-land-government-deals">opportunities in government and security sectors</a>.
Price Action: Tesla stock closed at $352.56 on Friday, up 3.80% for the day. After hours, the stock rose by 0.26%. Year-to-date, Tesla&#8217;s stock has surged by 41.92%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42156013/bluesky-adds-millions-of-users-as-elon-musks-social-media-platform-faces-exodus-post-trump-win-here-are-a-few-starter-packs-to-help-you-get-going-on-latest-x-rival">Bluesky Adds Millions Of Users As Elon Musk&#8217;s X Faces Exodus Post Trump Victory: Here Are A Few Starter Packs To Help You Level Up On The Platform</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Gary Black Defends Tesla Trim At $351: 'No One Ever Went Broke By Taking Profits' Amid Stock's 150% Surge Since April

Over the weekend, Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) co-founder Marc Randolph shared his thoughts on wealth, pointing out that true financial security goes beyond material luxuries.
What Happened: Sharing his perspective on X, formerly Twitter, he shared how, despite having the means to buy expensive items like luxury cars or wines, he values practicality over prestige.
He gave an example of Microsoft co-founder Bill Gates – who currently has a net worth of $162 billion – would fly economy, not because he couldn't afford first class, but because he didn't see it as good value.
"In the same vein, I could afford a really nice car at this point, but I've never been a car guy, and I don't need a Lamborghini or a Mazerati [Maserati] (which I can't even spell)," he stated.
See Also: <a href="https://www.benzinga.com/24/11/42137039/disney-takes-on-netflix-with-high-impact-originals-in-asia">Disney Takes on Netflix With High-Impact Originals in Asia</a>
Adding, "I don't need to drop $1000 on a bottle of wine at dinner either, since I know I'll get the same enjoyment from a $35 bottle."
He concluded by saying that once basic needs are met, the key to wealth lies in flexibility — the ability to choose how to spend your time and prioritize meaningful experiences.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">For many years, Bill Gates used to fly Economy, not because he couldn't afford First Class, but because he didn't consider it good value. It's five or six times more expensive, but only marginally better (and you all get to your destination at the same time). In the same vein, I… <a href="https://t.co/qaGf49y6Yr">pic.twitter.com/qaGf49y6Yr</a>
&mdash; Marc Randolph (@mbrandolph) <a href="https://twitter.com/mbrandolph/status/1860737388773024252?ref_src=twsrc%5Etfw">November 24, 2024</a></blockquote>
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</figure>
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Why It Matters: As of Aug. 28, 2024, Randolph's net worth was at $100 million, <a href="https://www.celebritynetworth.com/richest-businessmen/ceos/marc-randolph-net-worth/">according</a> to Celebrity Net Worth.
He <a href="https://www.benzinga.com/markets/18/05/11764543/this-day-in-market-history-netflix-goes-public">co-founded Netflix</a> on Aug. 29, 1997, with Reed Hastings in Scotts Valley, California.&nbsp;
The inception of Netflix stemmed from Hastings&#8217; frustration with late <a href="https://www.benzinga.com/markets/company-news/10/08/445627/bye-bye-blockbuster-video-store-chain-to-file-bankruptcy-next-mont">fees incurred</a> at a Blockbuster store.
The Netflix website launched in April 1998, offering around 900 titles. By 1999, Netflix introduced a subscription model that allowed unlimited rentals for a monthly fee, eliminating late fees.
This approach set the foundation for the company&#8217;s evolution into a streaming giant, which began in 2007 when it transitioned to online streaming services.
In 2002, Netflix launched its <a href="https://www.benzinga.com/general/entertainment/24/04/38340753/if-you-invested-1-000-in-netflix-stock-at-its-ipo-heres-how-much-youd-have-today">initial public offering</a>, selling 5.5 million shares at $15 each. In the early years, the stock delivered impressive triple-digit returns to investors.
The streaming giant currently has a market capitalization of $383.76 billion, ranking at number 25 in the list world's most valuable companies.
Last month, Netflix reported $9.825 billion in <a href="https://www.benzinga.com/news/earnings/24/10/41391637/netflix-q3-earnings-revenue-beats-eps-tops-q4-guidance-projects-subscriber-boost-from-squid-game-nf">revenue for the third quarter</a>, marking a 15% increase compared to the previous year. This figure surpassed the Wall Street consensus estimate of $9.769 billion, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101724&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>.
Image: Wikimedia
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/general/sports/24/11/42094958/netflix-faces-class-action-lawsuit-over-streaming-crashes-during-jake-paul-mike-tyson-fight">Netflix Faces Class-Action Lawsuit Over Streaming Crashes During Jake Paul, Mike Tyson Fight</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Tech

Netflix Co-Founder Marc Randolph Reveals Why True Wealth Isn't About Lamborghinis Or $1,000 Wines But The Freedom To Live Meaningfully

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The Dow Jones Industrial Average gained around 2% this week, with the S&amp;P 500 and Nasdaq each rising approximately 1.7%. Despite NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surpassing analysts&#8217; expectations for Q3 earnings and revenue, its stock traded flat, leaving the market&#8217;s rebound to unfold independently of its AI momentum. 
Meanwhile, Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) faced a steep decline after the DOJ pushed for Chrome&#8217;s divestiture, erasing over $120 billion in market cap on Thursday. 
On the economic side, November saw strong U.S. private sector growth, with S&amp;P Global&#8217;s PMI showing the services sector expanding at its fastest rate since March 2022, while inflation pressures eased, <a href="https://www.benzinga.com/news/global/24/11/42148498/wall-street-rebounds-without-its-ai-darlings-boost-king-dollar-maintains-dominance-while-bitcoin-defies-gravity-this-week-in-the-markets">aiding the Fed&#8217;s outlook.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/24/11/42072727/exclusive-bitcoin-advocate-anthony-pompliano-says-coinbase-is-similar-to-apple-has-something-that-cant-be-bought">EXCLUSIVE: Bitcoin Advocate Anthony Pompliano Says Coinbase Is Similar To Apple, &#8216;Has Something That Can&#8217;t Be Bought&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, features Anthony Pompliano comparing Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) to Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), emphasizing its trust and brand power as a leading crypto platform attracting new investors during a pro-crypto administration.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42097462/dogecoin-millionaire-shares-50-million-meme-coin-strategy-for-2025-pepe-brett-are-this-bull-runs-doge-shiba-inu">Dogecoin Millionaire Shares $50 Million Meme Coin Strategy For 2025: Pepe, Brett Are This Bull Run&#8217;s DOGE, Shiba Inu</a>,&#8221; by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, details Glauber Contessoto&#8216;s diversified $50 million investment strategy for 2025. The strategy predicts that Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) and Brett (CRYPTO: BRT) will dominate the next bull market, following the success patterns of Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>).
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42102652/michael-saylors-microstrategy-takes-wall-street-by-storm-becomes-second-most-traded-stock-after-nvidia">Michael Saylor&#8217;s MicroStrategy Takes Wall Street By Storm, Becomes Second-Most Traded Stock After Nvidia</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, highlights MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) surpassing trading volumes of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Apple Inc., finishing second to NVIDIA Corp. after a surge in Bitcoin-related (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) market interest.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/24/11/42082542/supermicro-computer-shares-soar-32-as-it-avoids-nasdaq-delisting-but-analysts-are-not-convinced-heres-whats-coming-next-for-smci">Super Micro Computer Shares Soar 32% As It Avoids Getting Booted Off Nasdaq, But Analysts Are Not Convinced: Here&#8217;s What&#8217;s Coming Next For SMCI</a>
<a href="https://www.benzinga.com/general/gaming/24/11/42047265/gamestop-adds-nat-turner-to-board-does-the-move-show-bigger-bet-on-trading-cards-grading">GameStop Adds Nat Turner To Board: Does The Move Show Bigger Bet On Trading Cards, Grading?</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42096407/microsoft-one-of-the-most-compelling-investment-opportunities-says-goldman-sachs">Microsoft &#8216;One Of The Most Compelling Investment Opportunities,&#8217; Says Goldman Sachs</a>
The Bears
&#8220;<a href="https://www.benzinga.com/news/large-cap/24/11/42094649/nvidia-stock-historically-drops-in-december-after-q3-earnings">Nvidia Stock Historically Drops In December After Q3 Earnings</a>,&#8221; by <a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, highlights that NVIDIA Corp. has historically struggled in December, with an average 1.84% decline and only 40% of Decembers closing positive since 2014, despite strong Q3 earnings. 
&#8220;<a href="https://www.benzinga.com/general/sports/24/11/42094958/netflix-faces-class-action-lawsuit-over-streaming-crashes-during-jake-paul-mike-tyson-fight">Netflix Faces Class-Action Lawsuit Over Streaming Crashes During Jake Paul, Mike Tyson Fight</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, reports on Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) facing legal action for technical issues during the Jake Paul vs. Mike Tyson boxing match, which attracted over 108 million viewers, making it the most-streamed sporting event ever but resulting in service disruptions that sparked subscriber lawsuits.
&#8220;<a href="https://www.benzinga.com/24/11/42097477/muddy-waters-carson-block-is-betting-against-elf-beauty-short-seller-believes-company-is-overstating-revenue-earnings-major-red-flag">Muddy Waters&#8217; Carson Block Bets Against E.L.F. Beauty: Short Seller Says Retailer&#8217;s Financials Show &#8216;Major Red Flag&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, details Carson Block&#8216;s short position against e.l.f. Beauty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>), alleging inflated revenues of $135-$190 million over three quarters, citing discrepancies between reported growth and U.S. Customs import data.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/24/11/42097545/feds-bowman-warns-on-inflation-risks-signals-neutral-rate-may-be-closer">Fed&#8217;s Bowman Warns On Inflation, Says Neutral Interest Rates May Be Closer &#8216;Than We Currently Think&#8217;</a>
<a href="https://www.benzinga.com/news/earnings/24/11/42085436/target-q3-earnings-supply-chain-chaos-hits-bottomline-slashes-annual-profit-outlook-stock-tanks">Target Q3 Earnings: Supply Chain Chaos Hits Bottomline, Slashes Annual Profit Outlook, Stock Tanks</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42127938/bitcoin-analyst-warns-of-4-6-flash-crashes-before-year-end-as-it-inches-closer-to-100k-thats-the-moment-altcoins-shoot-off">Bitcoin Analyst Warns Of &#8216;4-6 Flash Crashes&#8217; Before Year-End As It Inches Closer To $100K: That&#8217;s The Moment Altcoins &#8216;Shoot Off&#8217;</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.

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Benzinga Bulls And Bears: Coinbase, MicroStrategy, Nvidia, e.l.f. Beauty - And Dogecoin Millionaire Predicts 2025 Meme Kings

Predicting the actions of an incoming administration is always tricky, and that's doubly true for someone with a penchant for saber rattling like Donald Trump. While Trump seems committed to another round of tariffs (especially aimed at Chinese imports), the actual size and scope of these moves remains to be seen.
Many business leaders and executives are preparing for new tariffs by readying consumers for increased costs, and the retail sector could be hit hard if the most protective policies come to fruition.
However, not every company stands to suffer from tariff expansion. Some industries, like domestic shippers and specialty retailers, saw a boost in the wake of the election results.
Here are five stocks that stand to benefit from American tariffs on foreign imports.
<h2 class="wp-block-heading">Methodology&nbsp;</h2>
To find stocks that will benefit from tariffs, we need to look for firms with reliable production alternatives outside China and the ability to pass on extra costs to consumers.
If a company&#8217;s main competitors have high import costs or lack that kind of pricing power, even better.
Let&#8217;s go through the list:
<h2 class="wp-block-heading">AutoZone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>)</h2>
DIY auto store stocks have soared in the post-pandemic era, and the two clear winners have been AutoZone and Oreilly Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>). Both companies have had little issue raising prices during previous tariff implementations, and investors have no reason to assume they won't do the same in the face of the next round.
AutoZone is uniquely positioned to benefit from a higher tariff environment. Even when the first round of tariffs was administered during Trump's initial term, AutoZone still managed to improve its profit margins despite higher costs. Additionally, DIY auto parts stores often hold significant pricing power over consumers since fixing a car is usually a non-negotiable part of life in America (especially in the suburbs). CEO Philip Daniele <a href="https://www.benzinga.com/startups/24/11/42027079/we-will-pass-those-tariff-costs-back-to-the-consumer-says-ceo-of-autozone-heres-a-look-at-other-companies-raising-prices">recently stated</a> that the company intends to pass any tariff increases back onto consumers, which could prompt a flurry of car repair activity before the calendar flips to 2025.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="1365" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130112/AZO.png" alt="" class="wp-image-661491" style="width:917px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130112/AZO.png 1365w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130112/AZO-300x118.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130112/AZO-1024x402.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130112/AZO-768x302.png 768w" sizes="(max-width: 1365px) 100vw, 1365px" /></figure>
We selected AutoZone over O'Reilly Automotive due to a combination of valuation and analyst ratings. Some of the fundamental valuation factors compared include:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Metric</td>
<td>AZO</td>
<td>ORLY</td>
</tr>
<tr>
<td>Price to Earnings (P/E)</td>
<td>21.18</td>
<td>30.11</td>
</tr>
<tr>
<td>Price to Sales (P/S)</td>
<td>2.99</td>
<td>4.32</td>
</tr>
<tr>
<td>PEG Ratio</td>
<td>1.67</td>
<td>1.89</td>
</tr>
</tbody>
</table>
</figure>
Based on most fundamental metrics, AutoZone is the cheaper stock to own, and analysts seem to agree. Based on reports from 25 different analysts, AZO shares are a consensus Buy, while ORLY is a consensus Hold. AZO&#8217;s three most recent price targets indicate more than 12% upside potential, while recent price targets on ORLY shares indicate only a 4% upside.
<a href="https://www.benzinga.com/premium/ideas/matt-options-inner-circle-checkout-black-friday/?utm_source=WebRD-1122">[OUR BLACK FRIDAY SALE: Copy Trades That Hit Big Gains &#8211; Save $1000]</a>
<h2 class="wp-block-heading">e.l.f. Beauty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>)</h2>
Another company that has previously had success managing trade war battles is e.l.f. Beauty, which sells cosmetic products such as lipstick, eyeliner, foundation, and other skin care products. The company has a solid domestic and international footprint and has products in stores ranging from high-end shops like Ulta Beauty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NYSE">ULTA</a>) to drugstores like Rite-Aid.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="402" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130120/ELF-1024x402.png" alt="" class="wp-image-661492" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130120/ELF-1024x402.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130120/ELF-300x118.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130120/ELF-768x302.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130120/ELF.png 1365w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
E.l.f. Beauty relies heavily on Chinese imports but remains on our list because CEO Tarang Amin is confident the company has both the pricing power and supply chain infrastructure to withstand any tariffs until 2026. The company informed customers back in August to expect prices to increase during a potential 2nd Trump term, which could increase sales in the short term as shoppers stock up on their favorite products before the administration can levy new tariffs.
<h2 class="wp-block-heading">J.B. Hunt Transport Services Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>)</h2>
One industry that seems set to benefit from tariffs with minimal downside is domestic shipping and trucking companies. As more retail and consumer discretionary firms move production back to the United States (or at least closer to shore), railways, trucking firms, and other companies focusing on intermodal and last-mile transportation could benefit greatly. One shipping stock that saw a boost in the immediate aftermath of Trump's election was JBHT.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="402" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130124/JBHT-1024x402.png" alt="" class="wp-image-661493" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130124/JBHT-1024x402.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130124/JBHT-300x118.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130124/JBHT-768x302.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130124/JBHT.png 1365w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
J.B. Hunt is one of the largest domestic transportation companies in the United States. One of its main businesses is loading and unloading shipping containers from railcars. If manufacturers re-shore or near-shore their operations closer to domestic shipping channels, stocks like JBHT could rapidly increase as revenue is boosted by expanding domestic rail usage.
<h2 class="wp-block-heading">Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)</h2>
If physical goods like electronics, cars, and clothes are going to get more expensive, an excellent place to invest will be services that trade in intellectual property. And after setting records for viewership and gate at the Jake Paul vs. Mike Tyson fight, Netflix is poised to steamroll into one of the few places it hasn't dared tread: live sports. On Christmas Day, Netflix will air two exclusive NFL games with significant playoff implications when the defending champion Kansas City Chiefs visit the Pittsburgh Steelers and the Baltimore Ravens take on the Houston Texans.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="402" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130130/NFLX-1024x402.png" alt="" class="wp-image-661494" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130130/NFLX-1024x402.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130130/NFLX-300x118.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130130/NFLX-768x302.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130130/NFLX.png 1365w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
To borrow some terms from boxing, Netflix has knocked out its competition in the streaming wars. The company boasts more than 247 million subscribers in 2024, far outpacing Amazon's Prime Video's 200 million (and you don't get the benefits of Prime shipping with Netflix). Disney+ is growing rapidly but still sits nearly 100 million subs behind Netflix.
<h3 class="wp-block-heading">Hasbro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>)</h3>
Toy maker Hasbro has been a trendsetter when it comes to moving production out of China. The company began moving its operations away from the communist regime in 2012, citing "enterprise risk," the transition has drastically limited the company's exposure to tariffs, showcasing strategic foresight and a proactive approach.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="402" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130134/HAS-1024x402.png" alt="" class="wp-image-661495" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130134/HAS-1024x402.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130134/HAS-300x118.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130134/HAS-768x302.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22130134/HAS.png 1365w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Hasbro makes popular toys, board games, and party favorites under brands like Parker Brothers, Milton Bradley, Kenner, and its own name. While most of its products had traditionally been made in China, the company began its exit in 2012 and reduced Chinese manufacturing to the United States to 50% as of 2020. While the company still depends significantly on Chinese imports, analysts believe the business is <a href="https://www.morningstar.com/news/marketwatch/20241021639/hasbro-and-mattel-are-relatively-insulated-from-china-tariffs-they-would-still-hurt">better insulated</a> from tariff costs than its peers like Mattel. Plus, many toys were granted a reprieve from the initial tariff blast in 2017, and it&#8217;s possible that carveouts could be on deck for companies like Hasbro that moved production out of China.
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Opinion

JBHT

ORLY

ULTA

5 Stocks to Buy Before Tariffs Kick In

Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) is ramping up its efforts to capture a larger share of the Asian streaming market by investing in original Japanese anime and expanding its Korean superhero franchise.
The company&#8217;s strategic pivot aims to focus on quality over quantity in key Asian markets, contrasts with Netflix Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) aggressive strategy of high-volume, locally tailored content.
<a target="_blank" href="https://www.benzinga.com/markets/asia/24/06/39393663/netflix-bets-big-on-smallest-southeast-asian-market-expands-local-content-production-to-replicate-sq" rel="noreferrer noopener">Prior reports indicated</a> Netflix ramping up original programming in Southeast Asia, focusing on Thailand, Indonesia, and the Philippines to tap into young demographics.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42120700/comcasts-spin-off-to-boost-broadband-and-streaming-growth-goldman-sachs" rel="noreferrer noopener">Comcast&#8217;s Spin-Off to Boost Broadband and Streaming Growth: Goldman Sachs</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22043345/newplot-11.png" alt="" class="wp-image-660559" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22043345/newplot-11.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22043345/newplot-11-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Netflix Vice President Minyoung Kim highlighted plans to globalize local stories, aiming to expand beyond domestic audiences. The reports indicated Thailand&#8217;s plans to release ten original titles in 2024, while Indonesia noted increased budgets and productions, including its first zombie horror series.
Speaking at its APAC content showcase in Singapore in a Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-11-21/disney-bets-on-korean-and-japanese-originals-in-asia-growth-push?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">interview</a>, Luke Kang, president of Disney Asia-Pacific, emphasized a selective approach to content creation. &#8220;We&#8217;re not a volume player,&#8221; Kang said, highlighting the company&#8217;s goal of producing fewer high-impact projects.
According to Bloomberg, Disney+ renewed its hit Korean superhero drama Moving for a second season. Based on a webtoon by artist Kangfull, the series became a global sensation, earning over ten industry awards. Kangfull will also collaborate with Disney on the upcoming horror mystery series Light Shop.
Disney+ continues to bet on Japanese anime, with exclusive distribution rights to Kodansha titles, including the second season of Go! Go! Loser Ranger!, the report said.
Additionally, Disney is adapting its successful mobile game Twisted Wonderland into an animation series.
Walt Disney stock surged over 26% year-to-date. Disney&#8217;s <a target="_blank" href="https://www.benzinga.com/24/11/41971559/disneys-q4-boosted-by-streaming-gains-strong-box-office-and-solid-parks-performance" rel="noreferrer noopener">fiscal fourth-quarter 2024</a> revenue rose 6% to $22.57 billion, surpassing analysts&#8217; estimate of $22.35 billion.
The company closed the quarter with 174 million Disney+ Core and Hulu subscriptions, including over 120 million paid Disney+ Core users, a 4.4 million sequential increase.
Disney&#8217;s direct-to-consumer streaming segment boosted profitability, reporting $321 million in operating income on $6.3 billion in revenue, a 13% year-over-year rise.
Price Actions: DIS stock is down 0.30% at $114.38 premarket at&nbsp;the last check on Friday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/42120110/alibaba-reshapes-e-commerce-operations-names-jiang-fan-as-unit-ceo" target="_blank" rel="noreferrer noopener">Alibaba Reshapes E-Commerce Operations, Names Jiang Fan as Unit CEO</a></li>
</ul>
Photo via Shutterstock

Media

Disney Takes on Netflix With High-Impact Originals in Asia

ASST

Asset Entities Partners With Netflix Star Jas Leverette To Launch Subscription-Based Digital Dog Training Community On Discord, Featuring Training From Cali K9 Team

B of A Securities analyst Jessica Reif Ehrlich maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Buy and raises the price target from $800 to $1000.

Price Target

Analyst Ratings

B of A Securities Maintains Buy on Netflix, Raises Price Target to $1000

As President-elect Donald Trump prepares to return to the White House, renowned economist Mohamed El-Erian is cautioning against media oversimplification of the incoming administration&#8217;s proposed tariff strategies.
What Happened: In a recent statement on X, El-Erian highlighted the intricate nature of Trump&#8217;s tariff discussions, noting that the proposed economic policies encompass at least three complex economic stages influenced by multiple factors, including trade flows, corporate pricing strategies, and geopolitical considerations.
El-Erian&#8217;s core message remains clear: Trump&#8217;s tariff debate requires sophisticated, nuanced analysis that transcends simplistic narratives. &#8220;The issue is quite complex,&#8221; he emphasized, underscoring the need for comprehensive economic understanding beyond headline rhetoric.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It should come as no surprise that the media tends to oversimplify the U.S. tariff debate, with both sides of the argument contributing to this. The issue is quite complex, involving at least three economic stages, each with various possibilities given the influences in play. The…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1859287383075848351?ref_src=twsrc%5Etfw">November 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Trump&#8217;s proposed economic blueprint, which includes a universal tariff of up to 20% on imports and potentially up to 60% on Chinese goods, has sparked intense economic debate. Tech investor Peter Thiel suggests these tariffs could significantly impact Chinese companies while causing minimal <a href="https://www.benzinga.com/markets/24/11/42028954/peter-thiel-says-trumps-60-china-tariff-would-be-very-very-bad-for-beijing-heres-whats-at-stake">disruption to U.S. consumers</a>.
See Also: <a href="https://www.benzinga.com/24/11/42102366/bitcoin-taps-95k-ethereum-dogecoin-flat-as-trumps-crypto-policy-takes-shape-top-analyst-describes-btcs-path-to-135k">Bitcoin Hits $95K For The First Time Ever, Ethereum, Dogecoin Flat As Trump&#8217;s Crypto Policy Takes Shape: Top Analyst Describes BTC&#8217;s Path To $135K</a>
Why It Matters: Goldman Sachs economist David Mericle warns that Trump&#8217;s proposed universal tariff could push <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42042411/inflation-could-surge-to-3-if-trump-applies-universal-tariffs-goldman-sachs">inflation back to 3%</a>, potentially complicating Federal Reserve monetary strategies. 
The National Retail Federation estimates Trump&#8217;s tariff proposals could reduce annual consumer <a href="https://www.benzinga.com/news/24/11/41737933/trump-tariff-proposed-may-cost-americans-78b-in-spending-study">spending by $78 billion</a>.
Prominent business leaders have voiced concerns. Citadel LLC CEO Ken Griffin described Trump&#8217;s proposed tariffs as a &#8220;long, slippery slope&#8221; that <a href="https://www.benzinga.com/news/global/24/11/42056528/gop-megadonor-ken-griffin-warns-of-slippery-slope-in-trumps-tariff-policies-sees-us-returning-to-the-business-of-business">could hamper U.S. global competitiveness</a>. 
Retailers like AutoZone and Columbia Sportswear have signaled potential price increases that would be <a href="https://www.benzinga.com/news/24/11/41871407/trumps-tariffs-deportations-and-tax-cuts-may-push-prices-higher-experts-say-its-pretty-clear?utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=site&amp;nid=42027079">passed directly to consumers</a>.
"Tariffs would create a headwind to the performance of stocks with high international revenue exposure due to the risk of retaliatory tariffs and heightened geopolitical tensions," Goldman Sachs analyst David Kostin stated.
Goldman Sachs noted that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39467825/us-election-and-tariff-prospects-set-to-threaten-internationally-exposed-stocks-gol">U.S. stocks with domestic sales focus outperformed</a> those with international exposure by 1 percentage point the day after Trump's election and by 4 pp in the following month but underperformed by 9 pp in the next 12 months.
Key stocks in its Domestic Sales Basket include CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), Lowe's Cos. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), and Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>).
The International Sales Basket includes Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), QUALCOMM Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), McDonald's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>), Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42103600/us-dollar-may-test-10860-level-as-geopolitical-tensions-cautious-fed-rhetoric-and-solid-us-economic-data-may-push-the-greenback-higher-says-expert">Dollar Upside On The Cards Amid Geopolitical Tensions, Cautious Fed And Solid US Economic Data, Says Expert</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Global

Economics

AMAT

AVGO

INTC

INTU

QCOM

TMUS

Mohamed El-Erian Warns Against Simplistic Narratives As Trump Plans Aggressive Tariff Strategy: 'The Issue Is Quite Complex'

Streaming giant Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) could be facing several lawsuits after shattering records from its highly anticipated boxing match between Jake Paul and Mike Tyson, which saw Paul named the victor <a href="https://www.benzinga.com/general/sports/24/11/41985523/paul-vs-tyson-boxing-match-how-to-watch-betting-odds-what-the-stats-say-and-more">via unanimous decision.</a>
What Happened: Netflix had a problem that most streamers would love to have on Friday. The company had so many people trying to watch its live boxing event that the <a href="https://www.benzinga.com/general/sports/24/11/42042640/netflix-crash-hits-jake-paul-mike-tyson-fight-can-streaming-platform-handle-christmas-day-nfl-action">site was crashing</a> for viewers around the world.
While the good problem to have could mean a boost in subscribers for the current fourth quarter and a boost to advertising revenue from its ad-supported customers, Netflix is facing at least one lawsuit over tech hiccups.
A lawsuit has been filed in Florida by Netflix customer Ronald "Blue" Denton, as <a href="https://www.foxnews.com/sports/netflix-subscribers-sue-company-breach-contract-over-poor-quality-mike-tyson-jake-paul-fight">reported </a>by Fox News. The lawsuit alleges "breach of contract" by Netflix and was first reported by <a href="https://www.tmz.com/2024/11/19/netflix-sued-tyson-paul-stream-issues/">TMZ</a>.
Netflix said the fight was watched by more than 108 million viewers globally to become the "most-streamed sporting event ever," while also acknowledging the tech difficulties that some customers had. The event peaked at 65 million concurrent households in the U.S. watching with an estimated 56% of all U.S. TV traffic from 12 a.m. ET to 1 a.m. ET watching the Netflix fight.
"This unprecedented scale created many technical challenges, which the launch team tackled brilliantly by prioritizing stability of the stream for the majority of viewers," Netflix executive Elizabeth Stone said.
Stone said the event was "a huge success," while acknowledging there was room for improvement.
The hashtag #NetflixCrash trended on social media platform X Friday and more than one million people around the world, from 50 countries, reported issues with their stream according to DownDetector. 
TechCrunch&nbsp;<a href="https://techcrunch.com/2024/11/16/jake-paul-vs-mike-tyson-fight-shows-netflix-still-struggles-with-live-events/" target="_blank" rel="noreferrer noopener">said&nbsp;</a>11 p.m. ET was the peak time for issues, and around 530,000 U.S. customers reported issues with their stream.
The class action lawsuit asks for unspecified damages. It will be interesting to see if other subscribers join the fight against Netflix.
Benzinga reached out to Netflix for comment and will update the story accordingly.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41391637/netflix-q3-earnings-revenue-beats-eps-tops-q4-guidance-projects-subscriber-boost-from-squid-game-nf">Netflix Q3 Earnings: Revenue Beats, EPS Tops, Q4 Guidance Projects Subscriber Boost From &#8216;Squid Game,&#8217; NFL, And Boxing</a>
Why It's Important: While Netflix faces at least one lawsuit over the live boxing event, the company and others could be on the hook for more depending on any lawyers or subscribers who want to take on larger corporations.
Unlike the last fight Tyson took part in, which was an exhibition, his fight with Paul was sanctioned and sportsbooks took bets on the match.
With huge amounts wagered on the fight and the match ending in a draw that looked at times like Paul wasn't going 100%, there could be potential lawsuits against the Texas Department of Licensing and Regulation (TDLR), Netflix, and other parties.
"It wouldn't shock me one bit to see a lawsuit filed on this fight," Sports attorney Dan Lust of Moritt Hock &amp; Hamroff <a href="https://nypost.com/2024/11/19/sports/jake-pauls-curious-comments-after-beating-mike-tyson-create-lawsuit-possibilities-sports-lawyer-reveals-why/">told </a>the New York Post.
Paul's comments after the fight could even make a lawsuit more of a reality with the younger boxer and winner of the match saying he "didn't want to hurt someone that didn't need to be hurt."
Paul admitted to taking his foot off the pedal saying that he "wanted to give the fans a show."
"I could just tell that his age was showing a little bit and I just have so much respect for him and that violence, war thing between us … kind of went away as the rounds went on," Paul added.
Lust, who is also a Law Professor at new York Law School, said the betting lines saw more action on a knockout to be the fight outcome than other outcomes like the ultimate winning bet of a decision.
"Paul taking bows and not fighting to the last minute, the optics are just odd," Lust added.
Lust said he would not be shocked if there was a class action lawsuit concerning the outcome of the fight and Paul not going 100%.
"It's not on me to form one, but I wouldn't be surprised to see one."
Lust said that while lawsuits against sportsbooks don't typically win, the fact that Paul and Tyson wouldn't get paid unless they fought, despite Tyson's later disclosed injuries from earlier in the year, could add to a more likely favorable outcome for bettors suing.
The current class action lawsuit and potential for more suits comes as Netflix has a quick turnaround to make sure its tech can handle huge viewership for live events again next month.
Netflix is set to stream two NFL games on Christmas Day with matchups between the Kansas City Chiefs and Pittsburgh Steelers and between the Baltimore Ravens and Houston Texans. The streaming company recently announced that Beyoncé will perform during halftime of the Ravens and Texans game.
The Chiefs have dominated television ratings for NFL games this season, being <a href="https://x.com/NFLMedia/status/1859250489222676973">involved</a> in four of the five most-watched 2024 games. The combination of the Chiefs playing in the first game and a halftime show from Beyoncé could see strong viewership for Netflix live events in the future.
NFLX Price Action: Netflix stock is up 1.05% to $880.46 on Wednesday versus a 52-week trading range of $445.73 to $890.60. Netflix stock is up 87% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports/24/11/42027257/mike-tyson-discloses-near-death-experience-before-jake-paul-fight">Mike Tyson Discloses Near-Death Experience Before Jake Paul Fight</a></li>
</ul>
Photos: Unsplash; Courtesy of Netflix

Sports Betting

Legal

Sports

Netflix Faces Class-Action Lawsuit Over Streaming Crashes During Jake Paul, Mike Tyson Fight

Investors with a lot of money to spend have taken a bearish stance on Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NFLX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 18 uncommon options trades for Netflix.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 33%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $118,947, and 15 are calls, for a total amount of $951,899.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $800.0 to $900.0 for Netflix over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Netflix stands at 1014.38, with a total volume reaching 9,647.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Netflix, situated within the strike price corridor from $800.0 to $900.0, throughout the last 30 days.
<h3>Netflix 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732113967_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/29/24</td>
<td>$11.7</td>
<td>$9.3</td>
<td>$11.7</td>
<td>$890.00</td>
<td>$122.1K</td>
<td>899</td>
<td>113</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/22/24</td>
<td>$10.3</td>
<td>$9.6</td>
<td>$9.6</td>
<td>$890.00</td>
<td>$119.0K</td>
<td>1.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$128.65</td>
<td>$128.3</td>
<td>$128.3</td>
<td>$840.00</td>
<td>$115.4K</td>
<td>490</td>
<td>139</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/22/24</td>
<td>$28.6</td>
<td>$23.3</td>
<td>$26.97</td>
<td>$855.00</td>
<td>$80.9K</td>
<td>1.4K</td>
<td>33</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$9.5</td>
<td>$9.15</td>
<td>$9.15</td>
<td>$890.00</td>
<td>$72.2K</td>
<td>1.3K</td>
<td>2.3K</td>
</tr>
</tbody>
</table>

<h3>About Netflix</h3>
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 280 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
In light of the recent options history for Netflix, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Netflix's Current Market Status</h3>
<ul>
<li>With a trading volume of 153,058, the price of NFLX is up by 0.88%, reaching $878.95.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 62 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Netflix</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $958.3333333333334.
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&#x2A; An analyst from Pivotal Research has decided to maintain their Buy rating on Netflix, which currently sits at a price target of $1100. 
&#x2A; An analyst from Guggenheim has decided to maintain their Buy rating on Netflix, which currently sits at a price target of $825. 
&#x2A; In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $950. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Netflix, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Unpacking the Latest Options Trading Trends in Netflix

Pivotal Research analyst Jeffrey Wlodarczak maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Buy and raises the price target from $925 to $1100.

Pivotal Research Maintains Buy on Netflix, Raises Price Target to $1100

Hollywood has witnessed seismic shifts in its business model, from the era of DVD dominance to the advent of streaming giants like Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>). Now, <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence</a> is poised to usher in yet another wave of disruption.
What Happened: Last week, speaking at CNBC's Delivering Alpha Summit, Ben Affleck downplayed fears of AI replacing human creativity. He spoke about how the technology is more likely to reshape the costlier, less creative aspects of filmmaking.
AI &#8220;will lower the barrier to entry and allow more voices to be heard,&#8221; Affleck said, envisioning a future where the technology democratizes the industry.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Finally a grounded take on AI &amp; filmmaking from a Hollywood A-lister. I agree with everything Ben Affleck said: 1. Yes, AI will shatter barriers to entry. Budgets will drop, the number of movies will rise, and more voices will have access to filmmaking. Paradoxically, this&#39;ll… <a href="https://t.co/mPJr4A5ne9">pic.twitter.com/mPJr4A5ne9</a>
&mdash; Bilawal Sidhu (@bilawalsidhu) <a href="https://twitter.com/bilawalsidhu/status/1857816146688217099?ref_src=twsrc%5Etfw">November 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/entertainment/24/11/42068719/amc-nears-death-cross-as-debt-takes-center-stage">AMC Nears Death Cross As Debt Takes Center Stage</a>
Following his remarks, Workweek's Trung Phan shared a clip of Affleck&#8217;s co-star from &#8220;Good Will Hunting,&#8221; Matt Damon, where the actor can be seen discussing how streaming replaced DVD economics.
Damon was discussing the topic while appearing on &#8220;Hot Ones&#8221; in 2021. At the time, he noted how the decline of DVDs, once a major revenue source for studios, changed the types of movies that could be made.
&#8220;The DVD was a huge part of our business, of our revenue stream, and technology has just made that obsolete,&#8221; Damon can be heard saying.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Listening to Ben Affleck on how AI will change filmmaking economics, reminds me of Matt Damon talking about how streaming changed DVD economics. The "Good Will Hunting" guys can cook on business of film: <a href="https://t.co/cRzZHFQvyH">https://t.co/cRzZHFQvyH</a> <a href="https://t.co/32n0jhyDqq">pic.twitter.com/32n0jhyDqq</a>
&mdash; Trung Phan (@TrungTPhan) <a href="https://twitter.com/TrungTPhan/status/1858362867927630107?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: AI's potential applications in Hollywood extend far beyond scriptwriting and editing.
From predictive analytics for box office success to digital casting and de-aging actors, AI promises to reshape every stage of filmmaking.
Companies like Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) and Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) have already begun integrating AI into their operations, using tools to predict audience preferences and optimize marketing campaigns.
Last year, reports emerged that the artificial intelligence company Metaphysic was assisting Tom Hanks and Robin Wright, the iconic stars of the 1994 classic &#8220;Forrest Gump,&#8221; in being <a href="https://www.benzinga.com/general/entertainment/23/01/30654828/the-rise-of-artificial-intelligence-in-movies-how-the-tom-cruise-deepfake-company-is-helpin">digitally de-aged for a film</a>.
It was also reported that Disney plans to use its Industrial Light and Magic division to digitally de-age Harrison Ford in &#8220;Indiana Jones and the Dial of Destiny,&#8221; for a scene in which he battles Nazis.
For investors, AI presents opportunities reminiscent of the <a href="https://www.benzinga.com/general/entertainment/23/04/31801202/when-netflix-founders-tried-selling-the-company-to-amazon-blockbuster-they-laughed-us-out-o">early days of streaming</a> when Netflix disrupted Blockbuster — the&nbsp;<a href="https://www.benzinga.com/general/education/20/10/17960503/heres-how-much-investing-1-000-in-netflix-when-blockbuster-went-bankrupt-would-be-worth-today" target="_blank" rel="noreferrer noopener">movie rental chain that went bankrupt in 2010</a>. 
The entertainment industry is no stranger to disruptive shifts, and AI could redefine how content is created, marketed, and consumed. Studios investing in AI-based platforms, such as Cinelytic or ScriptBook, are leading this transformation.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/sports/24/11/42042640/netflix-crash-hits-jake-paul-mike-tyson-fight-can-streaming-platform-handle-christmas-day-nfl-action">Netflix Crash Hits Jake Paul-Mike Tyson Fight: Can Streaming Platform Handle Christmas Day NFL Action?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Netflix Made DVDs Obsolete By Popularizing Streaming. Ben Affleck Thinks AI Will Change The Face Of Hollywood Next

<a href="https://about.netflix.com/en/news/netflixs-squid-game-unleashed-arrives-dec-17" title="https://about.netflix.com/en/news/netflixs-squid-game-unleashed-arrives-dec-17">https://about.netflix.com/en/news/netflixs-squid-game-unleashed-arrives-dec-17</a>

"Squid Game: Unleashed" Party Royale Game Launches December 17 Ahead Of Season 2's Netflix Return On December 26; Pre-Register Available Now

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is back in the top five holdings of The Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>) as of Nov. 15, fund manager Gary Black said on Monday.
What Happened: Tesla is now the fifth top holding in the ETF after Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), and Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
The Future Fund has maintained Tesla as a significant holding since its 2021 launch, though the position has been adjusted from <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41870590/tesla-remains-core-for-gary-black-despite-price-cuts-earnings-drop-nvidia-google-eli-lilly-among-top-performers-in-tech-bulls-portfolio">12.2% in October 2022</a> to 4.11% as of Nov. 15.
Nvidia tops the charts, accounting for 9.29% of The Future Fund Active ETF&#8217;s net assets. Alphabet&#8217;s Class A stock stands at 7.81%, Salesforce at 4.85%, and Netflix at 4.56%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Future Fund holdings as of 11/15/2024 &#8211; <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> #1, <a href="https://twitter.com/search?q=%24NFLX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NFLX</a> #4, <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> #5. <a href="https://t.co/J4QcMffS65">pic.twitter.com/J4QcMffS65</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1858660971566202999?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
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</figure>
&#8220;It's called sell discipline, and in the institutional world it's critical to getting assets. No institution will hire you as a manager if you like a stock at any price,&#8221; Black said.
&#8220;Second, when $TSLA pursues a pricing strategy that causes earnings to fall by 50% and TSLA stock to fall by 70% as happened in 2022-2023, wouldn't it be better to sell high and then buy back in after the drawdown?&#8221;
Why It Matters: Tesla resorted to price cuts in late 2022 to up their sales amid an EV demand slowdown and rising competition. The price cuts weighed heavily upon Tesla&#8217;s margins and Black started <a href="https://www.benzinga.com/24/04/38349246/should-have-sold-our-entire-tsla-position-says-fund-manager-following-ev-giants-coordinated-global-p">trimming his position.</a> The Tesla investor community subsequently alleged that he is <a href="https://www.benzinga.com/news/global/24/11/42028323/gary-black-defends-tesla-strategy-amid-clash-with-elon-musk-bulls-we-dont-trade-tesla-we-trim-when-the-price-goes-higher">engaging in short-term trading. </a>
&#8220;Those of us who are long time TSLA bulls, who know instinctively when the stock is oversold and conversely when sentiment is too exuberant, get run out of town quickly for voicing concerns — even when those concerns turn out later to be accurate (e.g. price cuts).&#8221;
In my world, it's ok to take profits when a stock is up 150% in 8 months,&#8221; Black explained in another post on X on Monday.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The problem with the <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> community is the toxicity directed at anyone who is not bullish enough. Those of us who are long time TSLA bulls, who know instinctively when the stock is oversold and conversely when sentiment is too exuberant, get run out of town quickly for voicing…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1858590128068821031?ref_src=twsrc%5Etfw">November 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: Tesla stock gained 5.6% on Monday to close at $338.74, but declined 1.35% in premarket trading on Tuesday. Year-to-date, the Tesla stock is up 36.4%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/24/11/42025066/elon-musks-spacex-delays-starship-test-flight-next-attempt-now-set-for-tuesday" target="_blank" rel="noreferrer noopener">Elon Musk's SpaceX Delays Starship Test Flight, Next Attempt Now Set For Tuesday</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

Tesla Is Back In The Future Fund Active ETF's Top 5 Holdings

WIIM

Netflix shares are trading higher. The stock may be up following strong viewership of the Jake Paul-Mike Tyson fight.

On Monday, Warner Bros. Discovery Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) and the National Basketball Association announced they have extended their partnership for another 11 years, strengthening their <a target="_blank" href="https://press.wbd.com/us/media-release/warner-bros-discovery-and-national-basketball-association-reach-agreement-expand-long" rel="noreferrer noopener">long-standing relationship</a>.
The renewed agreement will enhance NBA content distribution and expand the collaboration across Warner Bros. Discovery&#8217;s digital sports platforms, including TNT Sports, Bleacher Report, and House of Highlights. Warner Bros. Discovery stock gained on the news.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41162084/amazon-prime-video-ramps-up-ads-taking-on-netflix-and-disney-in-streaming-battle" rel="noreferrer noopener">Amazon Prime Video Ramps Up Ads, Taking on Netflix and Disney+ in Streaming Battle</a>
The new deal includes a global licensing arrangement that allows TNT Sports and its affiliates to produce and distribute NBA content across multiple platforms.
Warner Bros. Discovery now holds the exclusive rights to televise NBA games in several international markets, including the Nordics, Poland, and regions in Latin America, excluding Brazil and Mexico.
The coverage will feature local commentary and provide broad access for NBA fans in these territories.
Under the reimagined NBA Digital partnership, Warner Bros. Discovery and the NBA will continue co-managing the league&#8217;s digital media assets, building on their collaboration since 2009.
The updated agreement includes a commitment to promote NBA League Pass across Warner Bros. Discovery&#8217;s digital platforms, such as Bleacher Report and House of Highlights.
This strategy aims to boost subscriber growth and enhance the overall digital experience for basketball fans. The renewed agreement also introduces an innovative partnership between Warner Bros. Discovery and ESPN.
TNT Sports will produce and air Inside the NBA, the Emmy-winning studio show, on ESPN and ABC during the regular season and playoffs starting in the 2025-26 season.
Additionally, Warner Bros. Discovery will broadcast exclusive college sports content, including Big 12 football and basketball games and select College Football Playoff games, further diversifying its sports programming lineup.
Both organizations have pledged to support the global growth of Bleacher Report and House of Highlights, which cater to a younger, digitally-savvy audience.
The expanded licensing rights will enable Warner Bros. Discovery to create more NBA-related content, driving fan engagement and broadening the reach of these popular sports brands.
Streaming companies, including Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video, have ramped up spending on <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235640/netflix-to-become-default-choice-for-tv-movies-analyst-predicts-more-live-sports-pr" rel="noreferrer noopener">live sports content</a>, including the NBA and National Football League.
Warner Bros Discovery stock plunged 18% year-to-date as it battled challenges from its <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40245398/warner-bros-bought-discovery-for-43b-in-2022-it-now-realizes-the-merger-was-a-bust-having-overpa" rel="noreferrer noopener">traditional TV networks</a> and a $9 billion write-down due to the failure of the merger of WarnerMedia and Discovery.
The company has been unable to meet the analyst consensus estimates since at least the first quarter of 2022. It has also been unable to reach the consensus estimate for EPS since the second quarter of 2022.
Warner Bros. Discovery reported a <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41809105/warner-bros-discovery-q3-earnings-olympics-and-blockbusters-drive-gains-ceo-highlights-subscriber-s" rel="noreferrer noopener">fiscal third-quarter</a> revenue decline of 3% ex-FX to $9.6 billion, missing the&nbsp;consensus estimate of&nbsp;$9.8 billion.&nbsp;EPS of 5 cents beat the&nbsp;analyst consensus loss of 9 cents. Max added 7.2 million new subscribers.
Price Action: WBD stock is up 2.90% at $9.49 at&nbsp;the last check Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/42038673/netflix-scores-big-beyonce-set-to-headline-nfl-christmas-halftime-show" target="_blank" rel="noreferrer noopener">Netflix Scores Big: Beyoncé Set To Headline NFL Christmas Halftime Show</a></li>
</ul>
Photo by Shaheerrr via Shutterstock

Movers

AMZN

Warner Bros. Secures 11-Year NBA Deal Extension

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) made headlines over the weekend, both good and bad, thanks to its highly anticipated live boxing stream featuring Jake Paul and Mike Tyson. The younger Paul won <a href="https://www.benzinga.com/general/sports/24/11/42022601/mike-tyson-vs-jake-paul-netflixs-explosive-boxing-event-ends-with-pauls-victory">via unanimous decision.</a>
The event could be a huge win for Netflix as it ramps up live events, but Friday's fight night showed that sometimes demand is too high and can cause problems even for streamers.
What Happened: Friday&#8217;s fight card, postponed from an <a href="https://www.benzinga.com/general/sports/24/11/41985523/paul-vs-tyson-boxing-match-how-to-watch-betting-odds-what-the-stats-say-and-more" target="_blank" rel="noopener">earlier 2024 date,</a> featured the Paul vs. Tyson fight, which pitted one of the upcoming boxers and social media stars (Paul) against one of the most recognized and most awarded boxers in history (Tyson).
While Paul won the fight, many on social media Friday night labeled Netflix—or themselves as viewers—the real losers, as high traffic from the Katie Taylor vs. Amanda Serrano fight preceding the main event caused Netflix to crash.
The hashtag #NetflixCrash trended on social media platform X Friday and more than one million people around the world, from 50 countries, reported issues with their stream according to DownDetector. TechCrunch <a href="https://techcrunch.com/2024/11/16/jake-paul-vs-mike-tyson-fight-shows-netflix-still-struggles-with-live-events/">said </a>11 p.m. ET was the peak time for issues, and around 530,000 U.S. customers reported issues with their stream.
While the issues seemed to ease during the Paul vs. Tyson fight, some customers may have abandoned watching altogether due to repeated disruptions or reports of problems experienced by other subscribers.
"Over 120 million people on Netflix. We crashed the site," Paul boasted after the fight.
Netflix said over 60 million people tuned in for the Paul vs. Tyson fight, setting records along the way.
While Netflix has experimented with live comedy specials, live award shows and a live roast of Tom Brady, this was the company's biggest test to date and the stumbles could be bad news ahead of two highly anticipated National Football League games on Christmas Day.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/11/41821069/netflix-stock-hits-all-time-highs-company-confirms-stranger-things-season-5-for-2025">Netflix Stock Hits All-Time Highs, Company Confirms &#8216;Stranger Things&#8217; Season 5 For 2025</a>
What's Next: Netflix will air two games on Christmas Day, with the Kansas City Chiefs and Pittsburgh Steelers facing off at 1 p.m. ET and the Baltimore Ravens and Houston Texans facing off at 4:30 p.m. ET.
The games are <a href="https://www.netflix.com/tudum/articles/nfl-games-on-netflix">exclusive </a>on Netflix, outside of the local television markets for the teams playing in the two contests.
In case you were wondering if Friday's stumbles had Netflix or the NFL reconsidering the plans to stream games on Christmas Day, the streaming giant is already doubling down.
Netflix announced that Beyoncé will <a href="https://www.benzinga.com/24/11/42038673/netflix-scores-big-beyonce-set-to-headline-nfl-christmas-halftime-show" target="_blank" rel="noopener">perform at halftime </a>during the Ravens—Texans game in her hometown of Houston. Beyoncé will perform songs from her recent "Cowboy Carter" album and feature unnamed special guests, Netflix said.
Beyoncé previously performed during halftime of two Super Bowls, one as a headliner and one during a headline performance from Coldplay.
While Super Bowls regularly attract over 100 million viewers, which could be bad news for Netflix, it's important to remember that the average NFL game is watched by fewer people than those who tuned in for the Paul and Tyson fight.
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), which is the exclusive home of "Thursday Night Football" games, <a href="https://www.benzinga.com/general/sports/24/11/41918005/super-bowl-lix-betting-odds-kansas-city-chiefs-favorite-to-three-peat-can-detroit-lions-spoil-the-party-make-team-history">is averaging 13 million </a>viewers per NFL game this season through Week 9, up 4% from last season. Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), which airs games on Sunday, is averaging 18.65 million viewers per NFL game.
The most watched game of the current NFL season is the Week 1 matchup of the Chiefs and Ravens, which aired on Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) units NBC and Peacock. The game<a href="https://www.benzinga.com/general/entertainment/24/01/36647034/peacock-has-most-livestreamed-event-in-u-s-history-with-nfl-playoffs-exclusive-can-comcast-"> had an average</a> of 29.2 million viewers.
Last season, the NFL had a streaming exclusive NFL Playoffs game on Peacock. The matchup between the Miami Dolphins and Chiefs was watched by an average of 23 million people, up 6% to the prior year's playoff game and setting records along the way.
Netflix ended the third quarter with 282.72 million global paid subscribers. Now, if every single subscriber tunes into the NFL games on Christmas Day, Netflix could have serious problems, given the Paul and Tyson fight.
However, viewership for the Christmas Day games will probably be below 60 million, and given Netflix's more than one month to get things right, fewer problems will likely occur.
NFLX Price Action: Netflix stock is up 1% to $832.70 on Monday after starting the day down. Netflix stock has traded between $445.73 and $841.00 over the last 52 weeks. The stock is up 77.8% year-to-date in 2024.
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Photo: Shutterstock

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Beyoncé will headline the halftime show for the first-ever NFL Christmas Gameday broadcast live on Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
The highly anticipated performance will occur during the second game of Netflix&#8217;s <a href="https://about.netflix.com/en/news/beyonce-to-perform-at-halftime-of-ravens-texans-during-nfl-christmas-gameday" target="_blank" rel="noreferrer noopener">Dec. 25</a> broadcast when the Houston Texans host the Baltimore Ravens at NRG Stadium at 4:30 p.m. ET.
Beyoncé&#8217;s return to her hometown of Houston marks the first live performance of songs from her Grammy-nominated album, &#8220;Cowboy Carter.&#8221;
Also Read: <a href="https://www.benzinga.com/news/earnings/24/11/41844962/amc-networks-q3-earnings-streaming-subscriber-growth-shines-amid-ad-revenue-dip-bolstered-by-netflix-amazon-partnerships" target="_blank" rel="noreferrer noopener">AMC Networks Q3 Earnings: Streaming Subscriber Growth Shines Amid Ad Revenue Dip Bolstered By Netflix, Amazon Partnerships</a>
Beyoncé&#8217;s own Parkwood Entertainment, in collaboration with Jesse Collins Entertainment, is producing the event.
Beyoncé previously headlined the Super Bowl XLVII in New Orleans on Feb. 3, 2013, reuniting with her former bandmates from Destiny&#8217;s Child, Kelly Rowland and Michelle Williams. That was the second most-watched halftime show at the time. 
She returned to the Super Bowl stage for Super Bowl L on Feb. 7, 2016, joining Coldplay and Bruno Mars in Santa Clara, California, where an impressive 115.5 million viewers tuned in to watch her get into &#8220;Formation.&#8221;
The specifics of her upcoming performance remain under wraps.
The NFL&#8217;s Christmas Day events will feature two exclusive marquee games on Netflix. At 1 p.m. ET, the Kansas City Chiefs, reigning Super Bowl LVII champions, will face off against the Pittsburgh Steelers. 
This will be followed by the 4:30 PM ET game between the Baltimore Ravens and the Houston Texans. Consistent with the NFL&#8217;s holiday tradition, the games will also air on broadcast TV within the local markets of the competing teams and can be streamed on U.S. mobile devices through NFL+.
Last week, Netflix <a target="_blank" href="https://www.benzinga.com/media/24/11/41915397/netflix-reaches-70-million-users-on-ad-supported-plan-boosts-live-sports-ads" rel="noreferrer noopener">achieved a significant milestone</a>, revealing that its ad-supported tier now reaches 70 million monthly active users just two years after its launch. This tier has quickly gained traction, with over 50% of new sign-ups opting for the ad-supported option, driven by its affordability and popularity in available markets.
Analysts view Netflix&#8217;s strategic shift toward live and ad-supported content as a key growth driver. Bank of America highlighted its focus on ads, gaming, and live sports (<a href="https://www.benzinga.com/24/11/42025252/jake-paul-vs-mike-tyson-boxing-match-sets-record-breaking-night-for-netflix">i.e., Mike Tyson vs. Jake Paul</a>) as significant strengths. 
At the same time, Macquarie noted hits like Squid Game 2 and NFL broadcasts will boost user engagement despite potential challenges in monetizing the ad tier internationally.
JPMorgan noted Netflix&#8217;s move into NFL broadcasts as <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40345870/netflix-ad-price-hike-live-sports-seen-as-keys-for-growth-says-analyst" rel="noreferrer noopener">a strategic play</a> to boost engagement and attract a broader audience. According to the analysts, the streaming giant&#8217;s venture into live sports could increase subscriber retention and generate significant advertising revenue. By partnering with major brands like FanDuel and Verizon, Netflix aims to capitalize on the high viewership of NFL games, positioning itself as a critical player in live sports streaming.
Price Action: Netflix stock is down 0.97% at $816 at last check Monday. The streaming giant&#8217;s stock surged 76% year-to-date.
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Image: Shutterstock

Netflix Scores Big: Beyoncé Set To Headline NFL Christmas Halftime Show

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On Thursday, the Walt Disney Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>) reported its fiscal fourth quarter results that topped estimates as its entertainment segment shined in its full splendor, mirrored in box office success as well as streaming business&rsquo; growth and profitability.&nbsp;
Bob Iger is getting Disney back in shape.
For the September quarter, Disney reported revenue grew&nbsp;6% to $22.57 billion, topping LSEG&rsquo;s consensus estimate of $22.45 billion. &nbsp;Net income grew to $460 million, or 25 cents per share, from $264 million, with adjusted earnings per share amounting to $1.14, also surpassing LSEG&rsquo;s estimate of $1.10.&nbsp;&nbsp;Operating income grew 23% to $3.66 billion.
Fueled by box office success, the entertainment segment that is home to traditional TV networks, direct-to-consumer streaming and films grew 14% YoY to $10.83 billion. Inside Out 2 surpassed the success of Frozen II, becoming the highest-grossing animated movie of all time. Then, there was yet another success on the box office front with &ldquo;Deadpool &amp; Wolverine&rdquo; surpassing &ldquo;Joker&rdquo; from Warner Bros. Discovery (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) and taking the title of&nbsp;highest-grossing R-rated film of all time. Together, these two films added&nbsp;$316 million of profit during the quarter with the entertainment segment reporting and overall profit of $1.1 billion in profit. Executives also revealed that Disney became the first film studio to cross $4 billion globally this year.&nbsp;
Five years since Disney+ launched, it is now profitable. combined streaming business, which includes Disney+, Hulu and ESPN+, reported operating income of $321 million, which is an entirely different story compared to last year&rsquo;s comparable quarter when it reported a loss of $387 million. Like its streaming peers, Warner Bros. Discovery, as well as Netflix (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>), Comcast Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmcsa#NASDAQ">CMCSA</a>) and Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>), Disney+ Core subscribers grew&nbsp;4%, to 122.7 million, with Hulu subscribers alone growing 2% to 52 million.&nbsp;However, average revenue per user for domestic Disney+ customers&nbsp;dropped as more than half of U.S. Disney+ subscribers are choosing the cheaper, ad-supported tier, which on the other hand, bodes well for Disney&rsquo;s advertising growth prospects. Overall, streaming entertainment ad revenue was up 14%/ while sports segment, made up primarily of ESPN, reported flat revenue.&nbsp;
Experiences segment that includes theme parks and consumer products, saw revenue grow 1% to $8.24 billion due to a slowdown, particularly in the U.S. following the post-pandemic surge in visitors and the lull is expected to continue throughout the following quarters. Comcast also reported lower attendance at its Universal theme parks. Due to fewer visitors, Comcast reported NBCUniversal&rsquo;s theme parks revenue dropped by 5.3% to about $2.3 billion. On the other hand, Comcast was fueled by the Summer Olympics that boosted its NBCUniversal revenue, as well as Peacock&rsquo;s subscriber count. Peacock that had the exclusive streaming rights gained 3 million subscribers, paid subscribers grew 29% YoY to 36 million and with revenue growing 82% to $1.5 billion, Comcast narrowed Peacock&rsquo;s losses.
Disney&rsquo;s fiscal 2025 guidance
Compared to the just finished fiscal year, Disney guided for high-single-digit adjusted earnings growth.However, due to higher pricing and the end of a promotional offer, Disney is expecting a &ldquo;modest decline&rdquo; in Disney+ Core subscribers during the fiscal first quarter. However, the bigger picture for the fiscal 2025 is bright with profit in the entertainment streaming business, which excludes ESPN+, is expected to see a YoY increase of roughly $875 million with fiscal 2026 being even brighter with a double-digit percentage rise. Despite the $130 million hit of hurricanes and Cruise Line prelaunch costs of $90 million&nbsp;that will weaken first fiscal quarter results, the experience segment is expected to see its profit grow 6% to 8% in the new fiscal year.&nbsp;
With the upcoming releases of &ldquo;Moana 2&rdquo; and &ldquo;Mufasa: The Lion King,&rdquo; Disney is kicking off the holiday season on a strong note. More importantly, with the streaming segment now being profitable, Disney reaffirmed an important pathway for long-term growth.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

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