Netflix Stock Is Rising Ahead Of Earnings This Week: What's Going On? - Netflix (NASDAQ:NFLX)

Netflix is hoping to join the $1 trillion club by 2030

Execs at the world’s biggest streamer are also planning to double revenue over the next 5 years....

Netflix Stock Is Rising Ahead Of Earnings This Week: What's Going On? - Netflix (NASDAQ:NFLX)

Netflix Inc (NASDAQ:NFLX) shares are trading higher Tuesday following reports that the entertainment giant plans to double its revenue by 2030.

Netflix wants to double revenues by 2030

Netflix has told staff it wants to reach a market capitalisation of $1 trillion and double its revenue by 2030. The optimistic projection was revealed to staff last month and reported by the Wall Street Journal on Monday. The streamer, which last year recorded revenues of $39 billion last month, shrugged off the current gloom on Wall Street. Executives also have a goal of tripling Netflix’s operating income by 2030 from $10 billion last year, ac…

To do this, stocks would need to rise around 150% from the current level; last year, they advanced 51%, vastly outperforming the overall market performance

Netflix targets $1 trillion

Netflix has told staff it is targeting a trillion-dollar valuation by the end of the decade. On the way it is aiming to double revenues by 2030.  Shares climbed following the reports in the WSJ – citing attendees of an annual business review meeting – but would have to climb about 150 per cent from […]

Source: by 2030, Netflix aims to reach a $1T valuation, earn ~$9B in global ad sales, double its $39B 2024 revenue, and triple its $10B 2024 operating income

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