Netflix is strategically pivoting toward live TV services, moving away from its exclusive focus on on-demand content, with management projecting advertising revenue to hit $3 billion by 2026. Over 60% of new subscribers are now opting for the ad-supported tier, driving significant growth in that segment. Financially, the company is trading at a forward earnings multiple of 20.57x, well below its five-year average, leading analysts like Jim Cramer to defend its valuation at 19x earnings.
