Netflix (NASDAQ: NFLX) is proving time and again why it is the best at original content streaming. In yet another show of success, the company announced late on Monday record viewership for the third and latest season of science fiction horror web series Stranger Things.
On its official Twitter account, the Los Gatos, California-based firm said, “40.7 million household accounts have been watching the show since its July 4 global launch — more than any other film or series in its first four days. And 18.2 million have already finished the entire season.”
The previous season of the show, created by the Duffer Brothers, had only about 15 million viewers in the first three days.
The record-breaking viewership resonated in the stock market as well, with NFLX stock climbing almost 2% on Tuesday. Netflix shares have gained 43% since the beginning of this year.
The announcement was followed by an optimistic note by Justin Patterson of Raymond James, who said the viewership accounts for 26% of the streaming service’s overall paid subscriber base.
“As the content breadth and quality improve and drive more engagement, we see further pricing upside,” he added.
In general, the market is highly optimistic on the stock, with 24 out of 30 analysts recommending Buy. The stock has a 12-month average price target of $422.32, suggesting a 12% upside from the last close.
The streaming giant is slated to report second-quarter financial results on July 17, Wednesday.
Most Popular
Docusign (DOCU) Earnings: 4Q25 Key Numbers
Docusign, Inc. (NASDAQ: DOCU) reported total revenue of $776.3 million for the fourth quarter of 2025, up 9% year-over-year. Net income was $83.5 million, or $0.39 per share, compared to
DG Q4 Call Highlights: Consumer Shifts, Inventory Wins, and Rural Delivery Boom!
Dollar General Corp., a retailer that operates discount stores, in its Q4 earnings call discussed Dollar General's financial strategy to reach 6-7% operating margins by 2028 through shrink reduction, inventory
ULTA Earnings: Highlights of Ulta Beauty’s Q4 2024 results
Ulta Beauty, Inc. (NASDAQ: ULTA), a leading retailer of cosmetics and personal care products, on Thursday reported a decrease in net sales for the fourth quarter of 2024. Fourth-quarter net
Comments
Comments are closed.