1110 ET - Netflix has sustainable growth drivers that should prove to be predictable and defensive amid a wide range of macroeconomic scenarios, according to BofA Securities in a research note, after the streamer reported strong 1Q results and gave an encouraging 2Q guide. The analysts say Netflix shares "will be fueled by continued positive subscriber and earnings momentum in addition to evolving advertising and live opportunities." BofA raises its CY25 revenue estimate to $44.54 billion from $44.43 billion, which is slightly above the company's guidance range. CY25 operating margin estimate goes to 29.4% from 29.1%. BofA also increases its revenue view for CY26 to $49.9 billion from $49.5 billion. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 18, 2025 11:10 ET (15:10 GMT)
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