1024 ET - Netflix still has an opportunity to grow members with management noting they "still have hundreds of millions of folks to sign up," Guggenheim analysts say in a research note, following the streamer's record 1Q profit. Netflix still only accounts for 10% of TV hours and about 6% of consumer spend/ad revenue, the analysts say, leaving a long runway for growth. They also note that management indicated positive signals from the ad market heading into the Upfront with minimal impact from macro headwinds.(sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 18, 2025 10:24 ET (14:24 GMT)
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