Netflix\u00a0is on a winning streak.<\/p>\n
The streaming giant\u2019s stock has traded for 11 straight days without a decline, the company\u2019s longest positive run ever.<\/p>\n
Its previous record was a nine-day stretch in late 2018 and early 2019 when the stock traded up for four days, was unchanged for a day and then traded positively for another four days.<\/p>\n
The stock is also trading at all-time high levels since it went public in May 2002.<\/p>\n
This new streak comes on the heels of Netflix\u2019s\u00a0most recent earnings report\u00a0on April 17, in which it revealed that revenue grew 13% during the first quarter of 2025 on higher-than-forecast subscription and advertising dollars.<\/p>\n
Netflix has been one of the\u00a0top performing stocks\u00a0during the first 100 days\u00a0of President\u00a0Donald Trump\u2019s second term, with shares up more than 30% since mid-January. The company has been largely unaffected by Trump\u2019s\u00a0tariffs\u00a0and trade war with China and is a service that consumers are unlikely to cut during a recession.<\/p>\n
Meanwhile, traditional media stocks have been slammed by a tumultuous market prompted by Trump\u2019s trade policy.\u00a0Warner Bros. Discovery\u00a0has lost nearly 10% since Trump took office, while\u00a0Disney\u00a0is down 13% in that same period.<\/p>\n
Netflix\u00a0continues to forecast\u00a0full-year revenue of between $43.5 billion and $44.5 billion.<\/p>\n
\u201cThere\u2019s been no material change to our overall business outlook,\u201d the company said in a statement last month.<\/p>\n
As investors worry about the potential impact of tariffs on\u00a0consumer spending\u00a0and confidence, Netflix\u2019s co-CEO Greg Peters said on the company\u2019s earnings call, \u201cBased on what we are seeing by actually operating the business right now, there\u2019s nothing really significant to note.\u201d<\/p>\n
\u201cWe also take some comfort that entertainment historically has been pretty resilient in tougher economic times,\u201d Peters said. \u201cNetflix, specifically, also, has been generally quite resilient. We haven\u2019t seen any major impacts during those tougher times, albeit over a much shorter history.\u201d<\/p>\n
JPMorgan\u00a0said Thursday that it sees more upside for shares.<\/p>\n
\u201cNFLX has established itself as the clear leader in global streaming & is on the pathway to becoming global TV\u2026Advertising Upfronts in May should serve as a positive catalyst to shares,\u201d analysts wrote.<\/p>\n
While Netflix has hiked its subscription prices \u2014 its standard plan now costs $17.99, its ad-supported plan is $7.99 and premium is $24.99 \u2014 it appears to have retained its value proposition for customers. But it\u2019s unclear if the subscriber base is growing or shrinking because the company recently stopped sharing details on its membership numbers, instead focusing on revenue growth.<\/p>\n<\/p>\n
Netflix\u00a0is on a winning streak. The streaming giant\u2019s stock has traded for 11 straight days without a decline, the company\u2019s longest positive run ever. Its previous record was a nine-day stretch in late 2018 and early 2019 when the stock traded up for four days, was unchanged for a day and then traded positively for […]<\/p>\n","protected":false},"author":0,"featured_media":17442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/17441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=17441"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/17441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/17442"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=17441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=17441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=17441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}