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Netflix Set To Kick Off Earnings Season Well Positioned As Wall Street Weighs Recession Risk


Netflix will report first-quarter results Thursday, kicking off media earnings season as Donald Trump's tariffs roil markets and threaten a U.S. recession.

“Given the ongoing secular headwinds facing the linear TV ecosystem, we worry that television could mirror the fate of radio and newspapers during past recessions,” research firm MoffettNathanson wrote in a recent client note. “Entering the year, we were bullish on the Media & Entertainment industry in part driven by a potential cycle of M&A, but this thesis has clearly not played out (and appears unlikely) given the current Administration’s unfavorable view of some companies in our coverage,” Reif Ehrlich wrote in a note to clients. Upbeat sentiment on the streamer accelerated this week after a WSJ report that the company’s top brass shared some ambitious goals at an annual business review with senior staff – namely, plans to achieve a $1 trillion market cap and double its revenue by 2030.

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