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Stock impact report

Netflix says it plans to double its revenue and triple its operating profit in the next five years to join the pantheon of companies worth $1 trillion [Fortune]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: Fortune
the Wall Street Journal . The streaming service also plans to boost its ad sales to $9 billion within that time. Company executives and outside investors remain confident that Netflix will succeed despite concerns of a potential recession. Netflix says it's setting its sights to join Apple Microsoft , and other major Wall Street giants valued at $1 trillion within the next five years by doubling its revenue and tripling its operating profits, according to a Wall Street Journal report. Despite concerns of a recession and President Donald Trump's whipsaw trade policies effectively putting the stock market on a rollercoaster, Netflix executives remain optimistic about the company's projected growth prospects. During an annual business review meeting last month, Netflix executives reportedly emphasized lofty goals for revenue, ad sales, and operating income by 2030, people in attendance told the Journal . In five years, the streaming platform plans to double last year's $39 billion Show less Read more
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