Netflix stock recovers from losses after technical glitches disrupt the Jake Paul, Mike Tyson boxing match

Published On Nov 18, 2024, 11:59 AM

Netflix shares rallied on Monday after experiencing earlier losses due to technical glitches during the highly anticipated boxing match between Jake Paul and Mike Tyson. Despite customer complaints about streaming issues, analyst Jason Helfstein from Oppenheimer noted that the event attracted a much larger audience than expected, potentially signaling strong advertising revenue opportunities for the company. The upcoming Christmas Day NFL games present another challenge for Netflix, but Helfstein remains optimistic about the company's ability to increase viewership and revenue through live broadcasts.

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Stock Forecasts

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Positive

Investor sentiment may stabilize as concerns from this incident may be mitigated by the higher-than-anticipated viewership figures. However, ongoing technical challenges before major events could continue to pressure the stock if not resolved effectively. A focus on improving their streaming technology for future broadcasts is crucial for investor confidence.

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