Netflix's stock rose in pre-market trading following the company's ambitious long-term goals, including a target market valuation of $1 trillion by 2030. The streaming giant anticipates an 11% revenue increase in Q1 2025, despite projected growth slightly below guidance due to recent pricing changes. Executives aim to double annual revenue from $39 billion to nearly $80 billion by the decade's end, with substantial growth in its advertising sector. In contrast, Meta faces scrutiny over its acquisitions, defending against antitrust allegations while its shares slipped in pre-market trading.
Meta's strategy has come under scrutiny, with accusations of stifling competition by acquiring rivals instead of competing, suggesting a need for larger regulatory oversight.
Netflix's ambitious plan aims to double its revenue and triple operating income by 2030, projecting ad revenue growth from $2.15bn to $9bn globally.
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