2. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders as of Q4: 144
Jericho Capital Asset Management’s Equity Stake: $729.99 Million
Netflix, Inc. (NASDAQ:NFLX) remains a dominant force in the global streaming industry, offering a vast selection of movies, TV shows, and original productions to its massive subscriber base. The company delivered a record-breaking fourth-quarter earnings report for 2024, significantly exceeding expectations in revenue, subscriber growth, and profitability. Earnings per share surged by 102% to $4.27, while revenue increased by 16% to $10.25 billion. Netflix, Inc. (NASDAQ:NFLX) also added 18.91 million new subscribers, pushing its total user base to 301.63 million. Looking ahead, the company projects a 13% revenue increase in 2025, reaching $44 billion, driven by strong content performance and strategic pricing adjustments.
Following its stellar Q4 results, Netflix, Inc. (NASDAQ:NFLX)’s stock jumped 18%, with analysts expressing optimism about the company’s long-term prospects. Increased user engagement, organic subscriber growth, and higher average revenue per user are expected to fuel continued expansion. Since its initial public offering in 2002, Netflix, Inc. (NASDAQ:NFLX) has delivered extraordinary returns to investors, with shares skyrocketing by 80,080% as of March 19, 2025. A mere $1,250 investment in the company’s early days would now be worth over a million dollars, highlighting its impressive trajectory. Today, Netflix’s market capitalization exceeds $400 billion, and it remains a key player for long-term investors. In 2024 alone, the company generated $39 billion in revenue, marking a 16% year-over-year increase and an astounding 609% growth compared to a decade ago. As Netflix continues to scale its business and innovate within the streaming industry, it remains a strong contender for future growth and investment opportunities.
As of Q4 2024, Jericho Capital Asset Management significantly increased its holdings in Netflix, Inc. (NASDAQ:NFLX) to 819,000 shares, marking a 31% rise from 629,000 shares in Q3. The fund’s stake in the company is now valued at over $729 million. Insider Monkey’s database indicated that 144 hedge funds out of the 1,009 hedge funds held stakes in the company at the end of Q4 2024, with a value of nearly $19.61 billion, as opposed to 121 funds in Q3.
Nightview Capital stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q4 2024 investor letter:
“Core Opportunity: Netflix, Inc. (NASDAQ:NFLX) has cemented its position as the global leader in streaming while rapidly expanding into advertising and live events. With consumer spend across its regions at only 6-7% penetration, we believe the company has continued runway for growth.
Competitive Advantage: Operational Excellence: In the latest quarter, Netflix reported 15% YoY revenue growth to $9.8 billion and a 52% increase in EBIT to $2.9 billion, and as we have discussed for years, the promise of operating leverage has shown up dramatically
Subscriber Growth: Netflix added -22.5 million net new subscribers globally in the first three quarters of 2024, maintaining engagement levels of two hours per day per member-a remarkable achievement in a competitive market…” (Click here to read the full text)
