The growth numbers are undeniably impressive—302M subscribers 🚀—but trading at 29.3x EV/EBITDA seems a bit rich for me. With $18B in content spending and intensifying competition, I wonder if the $72B revenue target for 2029 might be overly ambitious. Considering that the advertising-media-entertainment space isn't an area I know deeply, I really appreciate your insights. Thanks for sharing 🤙
Thanks for reading! What seems to be happening and why I also believe and project $72B by 2029 is that increasing subscribers (ongoing transition to streaming) and advertising creates a new momentum. The watch out is more on the price increase side and if Netflix can keep doing this without losing subscribers (needed to get to the 2029 estimate).
The growth numbers are undeniably impressive—302M subscribers 🚀—but trading at 29.3x EV/EBITDA seems a bit rich for me. With $18B in content spending and intensifying competition, I wonder if the $72B revenue target for 2029 might be overly ambitious. Considering that the advertising-media-entertainment space isn't an area I know deeply, I really appreciate your insights. Thanks for sharing 🤙
Thanks for reading! What seems to be happening and why I also believe and project $72B by 2029 is that increasing subscribers (ongoing transition to streaming) and advertising creates a new momentum. The watch out is more on the price increase side and if Netflix can keep doing this without losing subscribers (needed to get to the 2029 estimate).
Great reasoning