Singapore markets closed

NFLX Aug 2024 530.000 put

OPR - OPR Delayed price. Currency in USD
Add to watchlist
0.8300-2.6900 (-78.89%)
As of 01:52PM EDT. Market open.
Full screen
Previous close3.5200
Expiry date2024-08-16
Day's range0.3000 - 1.8200
Contract rangeN/A
Open interest214
  • Yahoo Finance Video

    Netflix removing cheapest ad-free plan, upping content spend

    Netflix (NFLX) reported its second-quarter earnings results, alongside announcing plans to discontinue its cheapest ad-free plan in the US and France. Citi managing director Jason Bazinet joins Wealth! to discuss this decision. Bazinet notes that Netflix's restructuring efforts are "complicated" as the company strives for profitability. However, he highlights that the ad-tier business has been "consistent with our expectations," with growth in sales, albeit under-monetized. The key question on the Street's mind now is "can they close that monetization gap by generating more ad dollars off of those ad-tier subscribers?" On the content front, Bazinet notes that Netflix needs to highlight expansion worldwide. "The North Star for Netflix is how can they crack the code on spending a dollar on content and having that content resonate globally," Bazinet tells Yahoo Finance. "Right now they're a little bit stuck where they're spending money to gain consumers and viewership in a particular country, but most of those shows aren't traveling around the world." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

  • Yahoo Finance Video

    Netflix's ad-tier will drive future member growth: Analyst

    Netflix (NFLX) shares have been on a mini-rollercoaster after reporting second quarter earnings results after Thursday's market close, the streamer beating estimates and revealing it added 8 million subscribers. The company did miss on Wall Street expectations for third quarter earnings guidance though. Starting in 2025, Netflix will not use subscribership as a growth measurement when reporting earnings. TD Cowen managing director John Blackledge joins Morning Brief to give insight into Netflix's recent performance. how its new initiatives aided in the company's second quarter performance, and outlines what can keep the momentum going for Netflix "Management said last night, we just talked about the big margin expansion this year, they expect margins to continue to rise next year and going forward, free cash flow rising, stocks trading at about 27 times earnings," Blackledge says about the earnings call. "We think some of those factors that I just mentioned could drive a multiple expansion. And what I'd also point out is on the ad tier, I thought they were pretty bullish on the long term. And also kind of on the near term. They expect the ad tier to reach critical scale by next year in all 12 of the AVoD [Advertising-based Video on Demand] markets." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

  • Yahoo Finance Video

    One metric where Netflix can 'flex their muscle' over rivals

    Netflix (NFLX) reported its second quarter results revealing its global paid memberships rose to 278 million, with earnings per share of $4.88 topping the expected $4.74. Third Bridge Group sector analyst Jamie Lumley joins Market Domination Overtime to give insight into Netflix's performance and how it compares with the rest of the sector. Lumley comments on Netflix no longer counting on subscribership as its measurement of growth, saying, "operating margin really jumps out here." He adds that operating margin "is where they can really flex their muscle against the rest of the competition. Disney is targeting double-digits long term, that just over 10 [percent] and Netflix is not only there, continues to really be head-and-shoulders above this." Watch the video above to hear why Lumley says Netflix's ad business "has yet to really prove itself." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino