Netflix Stock Soars to Record High on Ad Growth and Subscriber Gains

Netflix`s stock price reached a new high since the pandemic, driven by strong ad sales and subscriber growth, while competitors struggle. Investors are optimistic about Netflix`s future, particularly its ad revenue growth, expansion into live sports, and potential for subscription price increases. This positive outlook comes as other media companies with streaming services face challenges in profitability. Netflix`s recent success is also attributed to its crackdown on password sharing and a strong second-quarter earnings report that exceeded expectations.