Netflix Stock Jumps To a Record on Booming Upfront Ad Sales
NFLXNetflix(NFLX) Investopedia·2024-08-21 02:06

Key TakeawaysNetflix shares hit an all-time high Tuesday after the company reported a big jump in advertising sales.The streaming giant said upfront ad sales commitments were "150% plus" higher than in 2023.Netflix said it was experiencing high demand for advertising on its upcoming films and series, as well as for live events. Netflix (NFLX) shares traded at their all-time high Tuesday after the streaming giant reported a huge jump in advertising sales. The company said it had closed deals with all major h ...