I want to know what people's thoughts are on this. Paramount + saw a huge bump in subscribers last quarter, outpacing Netflix and is also now in the top 25 app downloads on the google playstore.
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What i find interesting is that Paramount + 2021 total revenue was $28B with a net income of $24.5B, market cap of $4.5B.
On the other hand, Netflix has 2021 revenues of $29B and net income of $5B, market cap of $166B.
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So if the revenues, net income are nearly identical between the two companies and paramount + is now outpacing netflix in subscribers, is it fair to say this is a very undervalued stock? Netflix is essentially valued at 6.5X right now. A morning star report all noted that Paramount + was one of the fastest growing brands in 2021. I've seen commercials on tv for Paramount + too advertising Halo which ive heard has a been a huge hit.
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