Netflix's Big Boxing Bet: Will Jake Paul vs. Mike Tyson Break Records?

Get ready for a boxing showdown unlike any other! Netflix is gearing up to stream a highly anticipated match between social media star Jake Paul and legend Mike Tyson. The fight, originally scheduled for the summer but delayed due to Tyson's health issues, is now set to take place at the AT&T Stadium in Texas. Financial experts at JPMorgan believe this event could become the most-watched boxing match ever, thanks to Netflix's massive global subscriber base of over 282 million. They also predict this fight will attract more viewers to Netflix's ad-supported tier, which has seen impressive growth, jumping 35% quarter-over-quarter. Netflix is no stranger to live sports. They've already streamed golf and tennis events and will soon broadcast two NFL games on Christmas Day. This focus on live sports is part of Netflix's strategy to grow its subscriber base beyond on-demand content. Analysts at JPMorgan foresee a bigger push into live sports in the future, especially as Netflix gains more negotiating power. JPMorgan has high hopes for Netflix, rating it as an overweight stock with a price target of $850, suggesting a 2. 4% gain. The stock has already soared over 70% this year, outperforming the broader market significantly. This excitement has been fueled by Netflix's strong third-quarter earnings, which led to a 17% stock jump. Most analysts share this positive view, with 33 out of 48 rating the stock as a buy or strong buy.