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Netflix Reaches Analyst Target Price

4 years 10 months ago
In recent trading, shares of Netflix Inc (Symbol: NFLX) have crossed above the average analyst 12-month target price of $665.51, changing hands for $682.61/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuat
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"Squid Game" Passes "Game of Thrones" For Popularity On YouTube: Report

4 years 10 months ago

The most popular series on Netflix Inc (NASDAQ: NFLX) of all-time has set another record passing one of the most popular television series of all-time.

What Happened: Streaming smash hit “Squid Game” set a record with 17 billion views for long and short form videos on YouTube, the video platform owned by Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL).

Variety reports using data from Vobile that “Squid Game” has passed the HBO show “Game of Thrones” with more views based on trailers, show clips, fan recreations and real-world challenges inspired by the plot.

The 17 billion views come from over 129,000 uploaded videos and have over 533 million engagements (likes, dislikes, comments).

Viewership could go up even more with top YouTube creator Mr. Beast working on recreating games from the show in real life.

A video from Mr. Beast featuring recreations of the games in “Minecraft” was viewed 32 million times.

“In ten years looking at YouTube, we’ve never seen anything quite like this,” Vice President of Audience Development at Vobile Jared Naylor told Variety.

“Game of Thrones,” which has a ten-year head start on “Squid Game,” has 16.9 billion views from over 420,000 uploaded videos.

Related Link: "Squid Game" Mania Takes Over, What It Could Mean For Netflix And This Apparel Stock 

Why It’s Important: Along with breaking the record for viewership on Netflix, “Squid Game” has turned into a pop culture phenomenon that has led to fan recreations, merchandise and Halloween costumes.

One of the factors for the record being set on YouTube could be attributed to its YouTube Shorts, a TikTok competitor.

The strong viewership of “Squid Game” on Netflix and YouTube validates the demand for the show and a sequel, which Netflix has confirmed it is in talks with the director to create.

“Game of Thrones” saw 233 million engagements from the uploaded videos, which is significantly lower than the total for “Squid Game” on a per video basis. A prequel to "Game of Thrones" is coming to AT&T Inc (NYSE: T) owned HBO in 2022. 

"Squid Game" has shown that it has lasting power so far for Netflix and could continue to drive traffic and monetization opportunities for Netflix. An announcement of a sequel date in the future and the official release could be another huge pop culture event for Netflix and its stock. 

Price Action: NFLX shares were up 3.81% to $682.61 on Friday.

Also See: Netflix Looks To Expand Japanese Catalog By Incentivizing Filmmakers

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Profit with More New & Research. Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional

Benzinga

"Squid Game" Passes "Game of Thrones" For Popularity On YouTube: Report

4 years 10 months ago

The most popular series on Netflix Inc (NASDAQ: NFLX) of all-time has set another record passing one of the most popular television series of all-time.

What Happened: Streaming smash hit “Squid Game” set a record with 17 billion views for long and short form videos on YouTube, the video platform owned by Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL).

Variety reports using data from Vobile that “Squid Game” has passed the HBO show “Game of Thrones” with more views based on trailers, show clips, fan recreations and real-world challenges inspired by the plot.

The 17 billion views come from over 129,000 uploaded videos and have over 533 million engagements (likes, dislikes, comments).

Viewership could go up even more with top YouTube creator Mr. Beast working on recreating games from the show in real life.

A video from Mr. Beast featuring recreations of the games in “Minecraft” was viewed 32 million times.

“In ten years looking at YouTube, we’ve never seen anything quite like this,” Vice President of Audience Development at Vobile Jared Naylor told Variety.

“Game of Thrones,” which has a ten-year head start on “Squid Game,” has 16.9 billion views from over 420,000 uploaded videos.

Related Link: "Squid Game" Mania Takes Over, What It Could Mean For Netflix And This Apparel Stock 

Why It’s Important: Along with breaking the record for viewership on Netflix, “Squid Game” has turned into a pop culture phenomenon that has led to fan recreations, merchandise and Halloween costumes.

One of the factors for the record being set on YouTube could be attributed to its YouTube Shorts, a TikTok competitor.

The strong viewership of “Squid Game” on Netflix and YouTube validates the demand for the show and a sequel, which Netflix has confirmed it is in talks with the director to create.

“Game of Thrones” saw 233 million engagements from the uploaded videos, which is significantly lower than the total for “Squid Game” on a per video basis. A prequel to "Game of Thrones" is coming to AT&T Inc (NYSE: T) owned HBO in 2022. 

"Squid Game" has shown that it has lasting power so far for Netflix and could continue to drive traffic and monetization opportunities for Netflix. An announcement of a sequel date in the future and the official release could be another huge pop culture event for Netflix and its stock. 

Price Action: NFLX shares were up 3.81% to $682.61 on Friday.

Also See: Netflix Looks To Expand Japanese Catalog By Incentivizing Filmmakers

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Profit with More New & Research. Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional

Benzinga

An Unsinkable Stock Is Back Near All-Time Highs

4 years 10 months ago
As shares get close to a new all-time high after third-quarter results, Booking Holdings (NASDAQ: BKNG) demonstrates its toughness in the face of adversity. And Roku (NASDAQ: ROKU) shares fall despite encouraging third-quarter numbers heading into the holidays. Motley Fool analys
The Motley Fool

Does This Chart Show a Crucial Moment for Netflix?

4 years 10 months ago
Netflix (NASDAQ: NFLX) grew revenue 16.3% year over year in the third quarter, and it now boasts an impressive 213.6 million paid subscribers. While the number of customers the company adds in any given period is the primary focus for shareholders, I think there is a bigger deve
The Motley Fool

Netflix Introduces Free Plan In Vietnam Without Ads

4 years 10 months ago
(RTTNews) - The popular streaming platform, Netflix Inc (NFLX), announced on Friday that it will extend its free streaming offer to Vietnam. The offer, which was introduced earlier this year in Kenya, to get people have a taste of the shows to bring more people to the platform.
RTTNews

December 31st Options Now Available For Netflix

4 years 10 months ago
Investors in Netflix Inc (Symbol: NFLX) saw new options begin trading today, for the December 31st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the NFLX options chain for the new December 31st contracts and identified one put and one cal
BNK Invest

The Best Stocks To Invest $10,000 in Right Now

4 years 10 months ago
If you invested $10,000 in Amazon a decade ago, your holdings would now be worth roughly $160,000. That same principal investment in Netflix stock would have brought you even better returns if you held across the stretch -- with your hypothetical position now being worth more tha
The Motley Fool

3 Growth Stocks for the Next 10 Years and Beyond

4 years 10 months ago
One of the most profitable things an investor can do is buy and hold a high-growth stock for a decade or longer. If you find the long-term winners like Netflix (NASDAQ: NFLX) or Amazon (NASDAQ: AMZN), which are both up more than 1,000% over the last 10 years, it is usually best t
The Motley Fool
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