Jim Cramer discusses his reasons for believing Netflix will continue to climb higher

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In a recent article, CNBC’s Jim Cramer shared his insights on Netflix’s latest earnings report and why he is optimistic about the company’s future. Cramer highlighted how Netflix exceeded Wall Street’s expectations for earnings, revenue, and paid membership growth, resulting in a significant increase in the company’s stock price.

One of the key factors that impressed Cramer was Netflix’s management outlook and commentary about content. He noted that the streaming giant is focused on adding more value to its package, rather than bundling content with other streaming services. This approach, coupled with Netflix’s vast library and engagement, makes Cramer confident in the company’s ability to scale its ad-tier and continue to grow revenue.

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Cramer also pointed out the positive impact of artificial intelligence (AI) on Netflix’s business. While he clarified that Netflix is not solely an AI play, he emphasized the expanding library, customer interest in the ad-tier model, and the company’s ability to harness the power of AI as key drivers for future success.

With popular offerings like “Emily in Paris,” “Selling Sunset,” and “Squid Game,” along with exclusive streaming rights to National Football League games, Netflix is positioned for long-term growth. Cramer’s analysis underscores the potential for Netflix to continue its upward trajectory and translate its strong offerings into significant profits.

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