In this article, we will look at the 12 Best News and Digital Media Stocks To Buy.
American Consumers and Digital Media
Digital experiences comprise a significant part of consumers’ lives in today’s digital age. According to Deloitte, consumers spend an average of eight hours engaging in online activities every day, which makes up about half of their waking hours. These trends are more prominent among Gen Z and millennials, who spend around nine hours on average on online activities every day. In contrast, Gen X and boomers spend around seven and six hours on average daily, respectively.
Around 7 in 10 respondents claim that they go online daily to use social media, carry out general web browsing, or communicate with their friends and family. 74% of Gen Z and millennials check their social media several times every day, with 20% of Gen Z checking their feeds at least every hour. In contrast, 57% of Gen X and 39% of boomers check their social media multiple times a day.
61% of consumers surveyed said that they interact with digital media daily by consuming entertainment (watching movies, sports, or television) on a streaming service. Similarly, around 48% said they listen to a podcast or music daily.
A study by Deloitte shows that US households spent around $760 on average on acquiring connected devices in 2024, down from $800 in 2023. Consumer technology spending fell between 2022 and 2023, primarily due to pandemic-driven supply chain disruptions, higher inflation, and slower economic growth.
However, estimates show that this spending is expected to bounce back, experiencing a 1% growth in revenue in 2024 and an extra 4.4% growth in 2025. Deloitte’s 2024 Connected Consumer Survey corroborates this claim, as it shows that 28% of respondents have plans to increase their device spending in 2025, up from 9% in 2023. In contrast, around 23% of people are planning to reduce their device purchase spending, up from 7% in 2023. This trend is attributed to the ongoing financial pressures on US consumers.
Are Americans Losing Interest in News?
Recent Pew Research Center surveys show a falling number of US adults who follow the news closely. Consumers for several older types of news media, such as local television stations, public radio, and newspapers, are dwindling as well. However, audiences for a few particular media brands are increasing, including newer digital platforms such as podcasts and social media.
According to a 2023 Pew Research Center survey, nearly 50% of all US adults claimed that they sometimes get news from social media. Although those who use social media to get news like various things about it, such as speed, convenience, and preciseness, some consumers express concerns about the practice. They claim news attained from social media isn’t always accurate, is seldom low in quality, and tends to be politically biased. Inaccuracy is increasingly becoming the most disliked aspect of social media news, going from 31% who said the same to 40% in the past five years.
Similarly, an Ernst & Young (EY) report on key entertainment and media trends for 2024 showed that consumer dissatisfaction with paying for unused television channels was leading to the rise of streaming services. Such services allowed households to personalize their content and reduce costs simultaneously.
Media companies are now facing the challenge of maintaining a profitable balance between traditional cable and linear broadcast networks and streaming platforms. Digital media companies are also employing artificial intelligence to regulate their operations, boosting incremental growth and productivity. However, risks regarding the implementation of GenAI persist. These include intellectual property protection, creative industries’ job security concerns, and privacy and accuracy challenges.
With these trends in view, let’s look at the 12 best news and digital media stocks to buy now.
12 Best News and Digital Media Stocks To Buy
Our Methodology
To compile our list, we consulted online sources and ETFs to select 15 top news and digital media stocks. We then chose the top 12 stocks that were the most popular among hedge funds. We sourced the hedge fund data from Insider Monkey’s database. The stocks are arranged in ascending order of the number of hedge funds that hold stakes in them.
At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
12 Best News and Digital Media Stocks To Buy
12. Thomson Reuters Corporation (NYSE:TRI)
Number of Hedge Fund Holders: 25
Thomson Reuters Corporation (NYSE:TRI) is a global technology and content company. Its Reuters News segment is one of the most credible news sources for consumers worldwide. The segment offers financial, business, and global news to professionals, media organizations, and news consumers through Reuters.com, Reuters Events, Reuters News Agency, and Thomson Reuters products. The company also provides news to financial market professionals through the London Stock Exchange Group (LSEG) products.
The company’s total organic revenues grew by 7% in fiscal Q3 2024. Its organic and inorganic investments accelerated in fiscal Q3 2024 due to the company’s efforts to position Thomson Reuters Corp (NYSE:TRI) for faster revenue growth in 2025 and beyond. Organic revenue for the company’s Reuters News segment also increased 8% in fiscal Q3 2024. This growth was attributed to the effects of transactional revenue from additional GenAI content licensing agreements signed in the quarter. Overall, the company is focusing on driving innovation across its markets and portfolio, mainly through the implementation of AI. Its investments in AI are running at over $200 million annually. Thomson Reuters Corporation (NYSE:TRI) is expected to continue this pace over the next few years, as it is incorporated within its 2024-2026 financial framework.
Apart from its organic initiatives, the company’s acquisition of Safe Sign Technologies and Materia marks two minor yet strategically important inorganic investments, highlighting its increasing focus on GenAI. These acquisitions are anticipated to grow the company’s GenAI roadmap. Thomson Reuters Corporation (NYSE:TRI) ranks 12th on our list of the 12 best news and digital media stocks to buy.
ClearBridge Investments mentioned Thomson Reuters Corporation (NYSE:TRI) in its Q4 2023 investor letter. Here is what the firm said:
“Additional outperformers included RELX, a publisher of law and related business trade information, and Thomson Reuters, a business services conglomerate with leading positions across media and other industry verticals, which own large, proprietary data sets and stand to become key beneficiaries of the processing power of the large language models that drive generative AI. These companies are rolling out new, AI-enhanced products at higher prices, which should positively impact earnings in the near term.”
11. Nexstar Media Group, Inc. (NASDAQ:NXST)
Number of Hedge Fund Holders: 27
Nexstar Media Group (NASDAQ:NXST) is a diversified media company that operates television networks, television broadcasting, and digital media assets in the US. It produces and disseminates national and local news, entertainment, and sports content through its television and digital platforms. Its operations are divided into Broadcast and The CW Network, LLC. Nexstar Media Group (NASDAQ:NXST) owns CW, the fifth major broadcast network in the US, and News Nation, its national news network.
The company attained its highest third-quarter total net revenue in its history in fiscal Q3 2024. It comprised all-time high Q3 distribution and advertising revenue, including revenue from record political advertising in the politically charged atmosphere of the quarter. The September quarter marked the company’s third consecutive reporting period of record total net revenue and the fourth consecutive reporting period of record distribution revenue. These trends highlight the increasing profitability of Nexstar Media Group (NASDAQ:NXST).
The company’s acquisition of The CW in fiscal Q4 of 2022 has proven profitable. It increased the total number of programming hours by more than 40%. The company’s station side is benefitting from the ownership as well. Nexstar Media Group (NASDAQ:NXST) recently announced five additional Nexstar stations and the acquisition of an independent Cleveland, Ohio, station that is set to become the market’s CW affiliate in September 2025 after the closing of the transaction.
10. Gannett Co., Inc. (NYSE:GCI)
Number of Hedge Fund Holders: 28
Gannett Co. (NYSE:GCI) is a diversified media company that operates through the Newsquest, Domestic Gannett Media, and Digital Marketing Solutions (DMS) segments. The Domestic Gannett Media segment operates USA TODAY. The company operates the Newsquest segment in the UK, which comprises more than 220 digital news and media brands across its portfolio. This includes over 150 weekly and daily newspapers and over 70 magazines. Gannett Co. (NYSE:GCI) also offers digital advertising and marketing solutions.
The company’s digital revenue categories saw strong growth in fiscal Q3 2024. As a result, its total digital revenues surpassed 45% of total revenues, marking an all-time high for the company. It also generated around $20 million of free cash flow, showing a 168% increase compared to 2023.
Gannett Co.’s (NYSE:GCI) audience also experienced growth in fiscal Q3 2024, surpassing 200 million average monthly unique visitors for the first time in the company’s history. This reflects a 7% growth compared to 2023. The primary drivers of audience growth for the company in fiscal Q3 2024 included political events, the kickoff to football season, and the Paris Olympics.
The company’s digital-only subscription business is also bringing new highs. Its revenue surpassed $50 million in fiscal Q3 2024, and the average digital-only revenue per unit (ARPU) exceeded $8. Investors are bullish on the stock as this segment suggests considerable upside for the company through both pricing and volume growth. Fiscal Q3 2024 marked the company’s second consecutive quarter of year-over-year subscription growth, along with another quarter of sequential growth in digital-only paid subscriptions.
Miller Deep Value Select Strategy stated the following regarding Gannett Co., Inc. (NYSE:GCI) in its Q3 2024 investor letter:
“During the quarter, our two largest positive contributors were Gannett Co., Inc. (NYSE:GCI), whose market share price up 20% and United Natural Foods (UNFI), with a market share price up 31%. Gannett continues to make progress with their long-term transformation to a digital media company. Management expects digital revenues to become more than 50% of company sales over the coming year which would support the company’s return to annual revenue growth. In September, the DOJ presented a very strong case against Google for their Ad Tech business. Gannett’s anti-trust case against Google is very similar to the DOJ case, and we believe it remains overlooked by the marketplace. Gannett is being represented by Kellogg Hansen who won the two largest anti-trust verdicts ($1.2B and $1.3B) and were also successful in defending the appeals of those verdicts. While it is impossible to know with certainty the outcome of Gannet’s legal case, we find it interesting that Kellogg Hansen’s only compensation is tied to Gannett having success in winning their case. This is an important indication of alignment to us. In a scenario where Gannett wins a verdict in the neighborhood of the amount they are seeking, it may mean a windfall greater than all the net debt on the balance sheet. Assuming, as we do, that the current share price has not priced in such a development, the result would be a share price below two times normalized Enterprise Value to EBITDA (EV/EBITDA). Compared with The New York Times, which currently trades at greater than nineteen times EV/EBITDA, a valuation at half of that multiple on normalized EBITDA would support an equity market cap more than $4B for Gannett. While there are risks of temporary setbacks with multi-year transformations, the current market valuation framework appears to remain focused on the company’s historical secular growth challenges. The biggest near-term risk would be unexpected weaker trends in print advertising, creating greater near-term secular revenue headwinds. A successful transformation, positive anti-trust case verdict, and potential non-core asset sale could lead to significant upside over time. We believe the shares remain significantly mispriced at only .3 times revenue and greater than 40% normalized free cash low yield.”
9. Fox Corporation (NASDAQ:FOX)
Number of Hedge Fund Holders: 32
Fox Corporation (NASDAQ:FOX) is a news, entertainment, and sports company. Its Cable Network Programming segment licenses and produces news and sports content through various traditional and digital platforms in the US. The company also produces, acquires, markets, and distributes programming through its Television segment via the FOX broadcast network and other platforms. The FOX Studio Lot offers film and television production services, studio operation services, office space, and other facility operations.
The company’s fiscal Q1 2025 earnings saw an EBITDA of over $1 billion, up 21%. This growth was attributed to its sustained revenue growth, which reached 11% in the quarter. Fox Networks reached over 145 million people in October alone. The total news audience grew more than 40% year-over-year in fiscal Q1 2025, making the FOX News Channel the second most-watched network on weekday television for the quarter. FOX News reported similar popularity, ending fiscal Q1 2025 as the most-watched cable network in prime time and in total days.
Fox Corporation (NASDAQ:FOX) also reported substantial advertising revenues, which experienced 11% year-over-year growth. This growth was attributed to political advertising at the stations, strong audience growth at FOX News Media, and continued momentum at Tubi, its streaming television platform. The company takes the seventh spot on our list of the 12 best news and digital media stocks to buy.
8. EchoStar Corporation (NASDAQ:SATS)
Number of Hedge Fund Holders: 32
EchoStar Corporation (NASDAQ:SATS) is a provider of television entertainment, networking services, connectivity, and technology. Its portfolio of brands includes EchoStar, Sling TV, DISH TV, Hughes, Boost Mobile, HughesNet, HughesON, and JUPITER.
The company restructured its balance sheet through a series of transactions in September to strategically refocus on its future and strengthen its financial position. It reported a revenue of $3.9 billion in fiscal Q3 2024, down 5% year-over-year. This decrease was primarily due to lower subscribers. However, the company is focusing on maintaining positive operating free cash flow and is set to meet this goal in 2024 through its operational plan and financial discipline.
EchoStar Corporation (NASDAQ:SATS) made considerable progress across its PayTV business in fiscal Q3 2024. This progress was attributed to its priority initiatives that supported customer engagement, cost optimization, and average revenue per user (ARPU) growth. Although the company is facing a challenging market landscape, it is operating positively across key metrics, including per-subscriber profitability, net adds, and churn. These metrics highlight the company’s potential for profitability.
In fiscal Q3 2024, the company’s ARPU increased 3.4% year over year. The company also achieved solid results throughout its businesses by focusing on customer experience improvements, product innovation, data-driven marketing efforts, focused investments, and AI-enabled advertising creative development.
7. The New York Times Company (NYSE:NYT)
Number of Hedge Fund Holders: 38
The New York Times Company (NYSE:NYT) is a global media organization that offers digital and print products, newspapers, and related products. Its news product, The New York Times, is available on NYTimes.com, mobile applications, and as a printed newspaper. The company also offers associated content, such as podcasts.
The company surpassed 11 million total subscribers in fiscal Q3 2024. More than 5 million of them subscribed to multiple products or bundles. Digital subscription revenue for the New York Times Company (NYSE:NYT) underwent a 14% year-on-year increase. This growth, combined with increased digital advertising and other revenue, boosted positive growth for the company’s total revenue.
These positive results reflect the company’s strategic initiatives. These include having a diversified portfolio and making it available in a single integrated product experience. The New York Times Company (NYSE:NYT) even launched a redesign of its core New York Times App in September to make it more user-friendly.
Its multi-product portfolio continues to attract tens of millions of people each week due to its credibility and diverse offerings. Subscriber engagement, which refers to the share of subscribers who visited the Times each week, reached its highest point in the quarter since 2020. Even though the market continues to experience audience headwinds due to shifts in the platform landscape, the New York Times Company (NYSE:NYT) is growing a direct relationship with its subscribers. It added 260,000 net new digital subscribers in fiscal Q3 2024, strengthening the company’s position for its 15 million total subscribers milestone. The company takes the seventh spot on our list of the 12 best news and digital media stocks to buy.
6. Roku, Inc. (NASDAQ:ROKU)
Number of Hedge Fund Holders: 40
Roku, Inc. (NASDAQ:ROKU) manages a television streaming platform and operates through Platform and Devices segments. It is also involved in streaming service distribution and digital advertising.
The company is rising in popularity. It delivered strong fiscal Q3 2024 results, which marked its first quarter of total net revenue exceeding $1 billion. Its total net revenue underwent a 16% year-over-year increase in fiscal Q3 2024, reaching $1.06 billion. This growth was attributed to streaming service distribution and advertising activities. The simplicity and value of the company’s platform are the primary reasons for its increasing popularity. Roku OS has taken the top spot as the best-selling TV OS in the US for more than five years.
The company’s Roku Channel app took third place on its platform in terms of both reach and engagement for the third consecutive quarter in fiscal Q3 2024. Its streaming hours increased by 80% year-over-year, attributed to the company’s position as the lead-in to television.
Roku, Inc. (NASDAQ:ROKU) is focused on strategic initiatives to grow its Platform revenue. These include Home Screen innovation, increasing Roku-billed subscriptions, and higher ad demand via deeper third-party platform integrations. The company continued to execute these initiatives in fiscal Q3 2024 and attained a 15% year-over-year Platform revenue growth.
The company is also driving growth in engagement, with its streaming hours growing by 20% year over year. Its streaming hours per streaming household grew as well, reaching 4.1 hours per streaming household per day in fiscal Q3 2024, up from 3.9 hours in the year-ago period.
O’keefe Stevens Advisory stated the following regarding Roku, Inc. (NASDAQ:ROKU) in its first quarter 2024 investor letter:
“Roku, Inc. (NASDAQ:ROKU) – An idea that would have seemed unthinkable just a few years back when low P/E or low multiple meant the stock was cheap. Roku is free-cash-flow positive, EBITDA breakeven, and GAAP Net Income unprofitable. Historically, investors tend to shy away from unprofitable businesses. Deeming them too risky. Roku has a $2B net cash position and is reinvesting in the business, grabbing Connected TV market share. Geographic expansion takes time and capital. They have a dominant share and have many tailwinds. Walmart’s acquisition of Vizio adds to the already heightened uncertainty. We can’t remember seeing a company with such “negative” sell-side coverage. 9 buys, 10 holds, and 4 sells. Nearly all reports discuss weighting for clarity, which is why the opportunity exists. Wells Fargo has the lowest price target at $45, or 26% downside. We see a reasonable case for a $100 stock in the near term and long term, owning a compounder with an attractive business model, secular tailwinds, and dominant market share that can translate into a desirable return over the next several years.”
5. Paramount Global (NASDAQ:PARA)
Number of Hedge Fund Holders: 44
Paramount Global (NASDAQ:PARA) is a media, entertainment, and streaming company. Its TV Media segment controls broadcast operations and manages the CBS Television Network, CBS Stations, and international free-to-air networks. The company also operates basic cable and domestic premium networks, including Paramount+ with Showtime, Nickelodeon, MTV, CBS Sports Network, the Smithsonian Channel, and more.
The company added 3.5 million subscribers to Paramount+ in fiscal Q3 2024, highlighting its strong performance fueled by its hit content. Paramount+ experienced a 25% year-over-year revenue growth in fiscal Q3 2024, consolidating its position as the fourth-largest global streaming service.
Paramount Global (NASDAQ:PARA) is making progress in streamlining its organization. It successfully executed cost reductions in fiscal Q3 2024 that will result in $500 million in annual run rate savings for the company. It is simultaneously focusing on producing high-quality television series and films. The company’s digital ad growth is strong, reflecting a significant increase in demand year-over-year. This gives the company a competitive advantage and reflects its value position from a quality, price, and scale standpoint.
The scale of its digital advertising platform, which spans Paramount+ Pluto and other digital properties, boasts one of the largest addressable footprints in the domestic marketplace. It also represents around 50% of the company’s national domestic advertising revenue, excluding sports. Paramount Global (NASDAQ:PARA) ranks fifth on our list of the 12 best news and digital media stocks to buy.
4. News Corporation (NASDAQ:NWSA)
Number of Hedge Fund Holders: 46
News Corporation (NASDAQ:NWSA) is a diversified information services and media company. Its Dow Jones segment operates as a global provider of news and business information. The company also operates the Subscription Video Services segment, which provides entertainment, sports, and news services to pay-television and streaming subscribers. Its News Media comprises News UK, News Corp Australia, and the New York Post.
The company’s fiscal Q1 2025 results show the start of a profitable year with record first-quarter revenue and record first-quarter profitability. Its revenue increased by 3% year-over-year and reached $2.58 billion. Profitability reached $415 million after a 14% surge. This marks the sixth consecutive quarter of year-over-year profitability growth for the company.
This growth is attributed to the company’s strategic initiatives, including the transformation of Dow Jones’ earnings profile to focus on information services and B2B. The company also has a strategic focus on its digital-first strategy, supported by organic investments, disciplined cost initiatives, and focused mergers and acquisitions.
News Corporation’s (NASDAQ:NWSA) Dow Jones segment operates with a strong profitability model. Its revenue for fiscal Q1 2025 reached $552 million, up 3% year over year. Dow Jones was the largest segment contributor to the company’s overall revenue. Digital revenue accounted for 82% of the total revenue for the Dow Jones segment.
3. Warner Bros. Discovery, Inc. (NASDAQ:WBD)
Number of Hedge Fund Holders: 49
Warner Bros. Discovery, Inc. (NASDAQ:WBD) is a global media and entertainment company that operates through the Studios, Networks, and DTC segments. The Studios segment manages the production and release of feature films, while the Networks segment encompasses its domestic and international television network. The company’s DTC segment primarily operates its premium pay-TV and streaming services.
Over the last two and a half years, the company has continued to make meaningful investments in new platforms and technologies, partnerships, and creative talent to drive changes in its structure and accelerate growth. Warner Bros. Discovery, Inc. (NASDAQ:WBD) is focusing on a three-pronged strategy to deliver expected shareholder gains. These include deploying Max, its streaming service, as a global storytelling and distribution platform, optimizing the company’s Networks business (including its US Linear Television business), and returning its studios to industry leadership.
The company added 7.2 million subscribers to Max in fiscal Q3 2024, bringing the total count to 110 million subscribers globally. It is also seeing growth in subscriber-related revenue growth and profitability growth for the segment. Overall, the company’s DTC revenue grew 9% year-over-year to $2.6 billion, and EBITDA increased by more than 175% year-over-year to $290 million. The primary driver of this growth is the company’s content, which is increasingly resonating with consumers. Warner Bros. Discovery, Inc. (NASDAQ:WBD) ranks third on our list of the 12 best news and digital media stocks to buy.
Longleaf Partners mentioned Warner Bros. Discovery, Inc. (NASDAQ:WBD) in its Q1 2024 investor letter. Here is what the fund said:
“Warner Bros Discovery (WBD) – Media conglomerate Warner Bros Discovery was also a detractor in the quarter. The market disliked the company’s lack of guidance for 2024. While there are tentative signs that the advertising market is slightly improving, we understand why the market remains in show-me mode on this part of the business. The Warner Bros Studio has gone from a big hit with the Barbie movie last summer to some misses lately. As we have discussed before, April 2024 represents the two-year anniversary of Warner Bros and Discovery merging. After this date, the company will have more options to go more on offense. Unfortunately, this is overlooked in the near term by daily Paramount headlines. We are ready to see how the rest of this year plays out. WBD still generates substantial FCF and is de-levering its balance sheet rapidly. The company remains dramatically undervalued today, but we need to see more positives before increasing our position further.”
2. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders: 76
The Walt Disney Company (NYSE:DIS) is a diversified worldwide entertainment company that functions through the Entertainment, Sports, and Experiences segments. Through its Entertainment segment, it offers non-sports-focused global television, film, and direct-to-consumer video streaming content production and distribution activities. The company’s Sports segment operates ESPN and Star.
The company holds significant market popularity. It ended fiscal Q4 2024 with 174 million Disney+ Core and Hulu subscriptions. The addition of Hulu on Disney+ has provided an all-encompassing platform with diversified content for all ages. It is invested to make its streaming business a significant growth driver for the company. For that, it is strengthening its streaming offering by introducing an ESPN title on Disney+.
The Walt Disney Company (NYSE:DIS) has secured rights to several of the most popular sports for years to come, contributing to a competitive and industry-leading portfolio of sports programming for Disney. This integrated streaming experience has taken the company one step closer to bringing a full sports offering to Disney+ in the US as it prepares for the launch of ESPN’s flagship DTC offering in early fall 2025.
In addition, the Walt Disney Company’s (NYSE:DIS) collaboration with Epic Games will allow it to integrate its popular franchises and brands in a transformative new entertainment and games universe. It ranks second on our list of the best news and digital media stocks to buy.
Diamond Hill Capital Long-Short Fund stated the following regarding The Walt Disney Company (NYSE:DIS) in its first quarter 2024 investor letter:
“Other top Q1 contributors included Meta Platforms, Citigroup and The Walt Disney Company (NYSE:DIS). Media and entertainment company Walt Disney faced — and defeated — an activist campaign and proxy battle during the quarter, giving a boost to shares. Profitability has also improved — with the company announcing it expects to reach double-digits profitability in its streaming business — and it announced forthcoming capital returns to shareholders.”
1. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 121
Netflix, Inc. (NASDAQ:NFLX) provides entertainment services through paid memberships in around 190 countries worldwide. It acquires, produces, and licenses content for streaming, including original programming. Netflix had very healthy consumer engagement in 2024, with around two hours of viewing per member per day. Its engagement on a per-owner household basis was up to the first three quarters of 2024.
Netflix’s ad-tier memberships grew by 35% quarter-over-quarter. Netflix, Inc. (NASDAQ:NFLX) is on track to launch the service in Canada in fiscal Q4 2024 and, more broadly, in fiscal 2025. The company added 5.1 million subscribers during fiscal Q3 2024, surpassing analyst expectations. It now has a total of 282.7 million memberships across all of its pricing tiers.
The streaming platform’s ease and market popularity lends it a substantial competitive advantage. It has established itself as a household name and has a strong operational model in place. Building on these trends, Netflix, Inc. (NASDAQ:NFLX) is projecting revenue for fiscal 2025 to be between $43 billion and $44 billion. To attain this goal, it is improving its core films and series offerings and investing in new initiatives such as gaming and ads. The company expects much of its revenue growth to come from a healthy increase in paid memberships.
Overall, NFLX ranks first among the 12 best news and digital media stocks to buy. While we acknowledge the potential of news and digital media stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NFLX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
