Factors for Netflix Inc Gains
There was no new news on the day that provided the impetus for the Netflix
Inc. It appears that investors continued to trade on the previous news of the
Monday upgrades and the fact that the CEO, Reed Hastings of Netflix Inc, bought
$20 million worth of the shares, disclosed after the market closed last Friday.
This rise is
on top of the rise last Thursday after Billionaire investor William Ackman, of
Pershing Square Capital Management, had built a new stake in streaming service Netflix
Inc worth more than $1 billion.
Inc has no doubt experienced slower growth than investors are used
to, and particularly after the pandemic surge in 2020,
proponents of the stock still see a major opportunity for the
company to dominate the world of video entertainment.
However, there is still some untapped potential domestically. And when it
comes to price increases, Netflix's management has historically done a
fantastic job of executing. In fact, CFO Spence Neumann highlighted on the Q4
earnings call that the leadership team continues to see improved member churn
Focusing on and continuing to develop competence in creating insanely
successful international hits produced in local languages, like Squid
Game and Money Heist, give Netflix Inc a major advantage.
keeping its core customer base happy and reducing the amount of subscribers who
quit (or “churn”) after they’ve watched the series they want to watch, but with
a total base of around 222 million people, executives feel they’re not growing
as fast as they would like, and they see investment in video games as a way to
Netflix has reached an agreement with the Montreal-based RocketRide
Games, a self-described “boutique consulting agency for the video game
industry,” to bring more games to the streaming service’s mobile platform.
Netflix launched its mobile games initiative, adding five different titles from
three different developers: “Stranger Things: 1984” and “Stranger Things 3: The
Game” from (BonusXP), “Shooting Hoops” and “Teeter Up” from (Frosty Pop), and
Card Blast from Amuzo & Rogue Games.