$NFLX (+1,39 %)

Netflix has gained more new subscribers than in any other quarter in its history.

Netflix subscribers over time.

$DIS (+0,54 %) , $AMZN (+0,69 %) , $WBD (-0,12 %) , $PARA (+0,06 %) , $FUBO

$NFLX (+1,39 %)

• Sales: USD 10.25 billion (estimated USD 10.11 billion); increase of +16 % compared to the previous year
• Earnings per share: USD 4.27 (estimated USD 4.18); increase of +102 % compared to the previous year
• Paid streaming net admissions: +18.91 million (estimated +9.18 million) ; increase of +44% compared to the previous year
• Total number of paid streaming memberships: 301.63 million (estimated 290.93 million); increase of 16% compared to the previous year
• Operating income: USD 2.27 billion (estimated USD 2B); increase of 52% compared to the previous year
• Operating margin: 22.2 % (estimated 21.9 %)
• Free cash flow: USD 1.38 billion (estimated USD 1.06 billion); decrease of -13% compared to the previous year

Segment performance:

United States and Canada (UCAN):

• Sales: USD 4.52 billion; increase of 15 % compared to the previous year
• Paid net additions: +4.82 million (estimated +1.75 million); increase of +72% compared to the previous year
• Average revenue per membership (ARM): $17.26; increase of 4% compared to the previous year

Europe, Middle East and Africa (EMEA):

• Revenue: USD 3.29 billion; increase of 18 % compared to the previous year
• Paid net additions: +5 million (estimated +3.09 million); decrease of -1% compared to the previous year
• ARM: $11.11; increase of 3% compared to the previous year

Latin America (LATAM):

• Sales: $1.23 billion; decrease of 7% compared to the previous year
• Paid net additions: +4.15 million (estimated +1.5 million); increase of +77% compared to the previous year
• ARM: $8.00; decrease of -7% compared to the previous year

Asia-Pacific (APAC):

• Sales: USD 1.21 billion; increase of 26% compared to the previous year
• Paid net additions: +4.94 million (estimated +2.70 million); increase of +70% compared to the previous year
• ARM: $7.34; unchanged compared to the previous year

Content performance:

• "Squid Game" Season 2 and "Carry-On" have reached significant milestones and "Squid Game" is well on its way to becoming one of the most-watched original series.
• With the fight between Jake Paul and Mike Tyson, Netflix delivered the most-streamed sporting event of all time.
• Record-breaking NFL viewing figures on Christmas Day.

Forecast for the first quarter of 2025:

• Revenue: USD 10.42 billion (estimate: USD 10.48 billion)
• Earnings per share: USD 5.58 (estimate: USD 6.01)
• Operating income: USD 2.94 billion (estimate: USD 3.13 billion)
• Operating margin: 28.2% (estimate: 29.8%)

Forecast for the full year 2025:

• Sales: USD 43.5-44.5 bn (estimate: USD 43.59 bn); increase of 12-14% compared to the previous year
• Operating profit margin: 29% (previously: 28%)
• Free cash flow: approx. USD 8 billion (estimated: USD 8.51 billion)

CEO's comment:

• "2024 marked a renewed acceleration in growth with a 16% increase in sales compared to the previous year. We are entering 2025 with strong momentum and are preparing for the return of hit series such as 'Squid Game', 'Wednesday' and 'Stranger Things'. Our live programs and ad-financed plans are the main drivers of this growth."

Strategic updates:

• Focus on ad-supported plans. 55% of new sign-ups in ad-supported regions opt for ads.
• Investment in live event programming, including exclusive rights to the FIFA Women's World Cup (2027 and 2031).
• Enhanced ad tech platform to be launched in Canada and rolled out in the US in April 2025.

$DIS (+0,54 %)
$AMZN (+0,69 %)
$WBD (-0,12 %)
$PARA (+0,06 %)

Disney
$DIS (+0,54 %) announced that worldwide an estimated 157 million monthly active users ad-supported content on its streaming platforms Disney+, Hulu and ESPN+. - CNBC

Graphic: Disney

Disney
$DIS (+0,54 %) and FuboTV
$FUBO have confirmed that they have reached a definitive agreement to merge the Hulu + Live TV business with Fubo merge.

"Under the terms of the agreement, upon closing, Disney will acquire a 70% interest in Fubo upon closing."

$DIS (+0,54 %)

In 1936, the Disney brothers began with a dream and a mouse.

Decades later, Walt and Roy Disney built an empire that set the standard for family entertainment.

Here is the story of how visionary leadership turned Disney into a 200 billion dollar company:

Walt Disney was a storyteller and Roy Disney was a businessman.

Together they combined creativity and strategy.

Their first big idea? A cartoon mouse called Mickey.

But Walt didn't just want cartoons; he wanted animated stories that appealed to the emotions.

The release of "Snow White and the Seven Dwarfs" in 1937 was a groundbreaking moment - it was the world's first feature-length animated film.

Critics said the strategy would fail.

Instead, it became a cultural phenomenon and grossed 8 million dollars during the Great Depression.

Walt's genius lay in his ability to see the big picture.

He envisioned Disneyland, a place where stories come to life and families create memories.

Roy made sure the finances worked and bet everything on Walt's dream.

In 1955, Disneyland opened its doors.

Despite initial setbacks, it developed into the gold standard for theme parks worldwide.

The Disney brothers faced major challenges, from the financial burdens of the Second World War to internal conflicts.

But their leadership was based on trust.

Walt inspired the creative vision and Roy ensured that the business remained stable.

When Walt died in 1966, Roy ensured that Walt Disney World opened in 1971, honoring his brother's dream.

The Disney empire expanded into television, merchandise and live-action films.

In the 1980s, the company was in trouble, but the family legacy paved the way for a new direction.

Acquisitions such as Pixar, Marvel and Lucasfilm underlined the power of visionary leadership based on bold decisions.

Today, Disney is synonymous with magic, entertainment and innovation.

What started with one mouse has become a 200 billion dollar empire that influences generations around the world.

But at its core, the Disney story is about family - a partnership between two brothers who shared a dream and pursued it with passion.

$DIS (+0,54 %)
$NFLX (+1,39 %) , $AMZN (+0,69 %)

The Chief Financial Officer of Disney
$DIS (+0,54 %) predicts future price increases for the streaming service - statement at the UBS conference.

Disney
$DIS (+0,54 %) has announced a dividend of 1,00 USD per share for 2025, compared to 0,75 USD per share for the 2024 financial year.

Disney
$DIS (+0,54 %) and ESPN are testing a generative AI avatar called "FACTS".

This AI bot uses data from ESPN Analytics to provide analytics and is intended to complement the hosts of the SEC Nation show on ESPN, reports The Verge.

Analyst updates, 19.11.

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- JEFFERIES raises the price target for NETFLIX from USD 800 to USD 1000. Buy. $NFLX (+1,39 %)

- DEUTSCHE BANK RESEARCH raises the price target for SIEMENS from EUR 200 to EUR 210. Buy. $SIE (+1,6 %)

- DZ BANK raises the price target for WALT DISNEY from USD 115 to USD 130. Buy. $DIS (+0,54 %)

- KEPLER CHEUVREUX raises the target price for ALZCHEM from EUR 69 to EUR 73. Buy. $ACT (+2,81 %)

⬇️⬇️⬇️

- BOFA downgrades SIEMENS from Buy to Neutral and raises target price from EUR 196 to EUR 200. $SIE (+1,6 %)

- BERENBERG lowers the price target for BAYER from EUR 28 to EUR 22. Hold. $BAYN (-2,93 %)

- BERENBERG lowers the price target for SMA SOLAR from EUR 21 to EUR 14. Hold. $S92 (+0,64 %)

- DZ BANK downgrades SHOPIFY from Hold to Sell and raises target price from USD 68 to USD 91. $SHOP (+1,41 %)

- STIFEL lowers the price target for BECHTLE from EUR 50 to EUR 45. Buy. $BC8 (-1,71 %)

- WARBURG RESEARCH lowers the price target for JUNGHEINRICH from EUR 49 to EUR 47. Buy. $JUN3 (-2,49 %)

- HAUCK AUFHÄUSER IB lowers the target price for KNAUS TABBERT from EUR 16 to EUR 8. Sell. $KTA (+5,31 %)

- DEUTSCHE BANK RESEARCH lowers the price target for JOST WERKE from EUR 70 to EUR 60. Buy. $JST (+1,55 %)

- GOLDMAN lowers the price target for TEAMVIEWER from EUR 18 to EUR 17. Buy. $TMV (-0,12 %)