Netflix ( NFLX Quick Quote NFLX - Free Report) has announced its intention to include the highly popular video game trilogy, Grand Theft Auto: The Trilogy – The Definitive Edition by Take-Two Interactive ( TTWO Quick Quote TTWO - Free Report) , to strengthen its position in the gaming industry. The trilogy will be accessible to NFLX’s subscribers on the App Store, Google Play and within the Netflix mobile app starting Dec 14. This addition expands the company's collection, which already boasts more than 80 mobile games. The Grand Theft Auto series is an iconic game, which has sold more than 410 million copies worldwide. The series includes games like Grand Theft Auto III, Grand Theft Auto: Vice City, Grand Theft Auto: San Andreas, Grand Theft Auto IV and Grand Theft Auto V. The addition of Grand Theft Auto: The Trilogy is expected to significantly enhance the company's subscriber base and offerings. Shares of NFLX, which currently carries a Zacks Rank #3 (Hold), have returned 61.8% compared with the Zacks Consumer Discretionary sector’s rise of 10.3% year to date. The outstanding performance can be credited to the continuous growth of the subscriber base and the strong lineup of content offerings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Netflix’s Upcoming Games to Aid Top-Line Growth
Netflix's gaming strategy diverges from traditional console approaches, emphasizing complementarity rather than replacement. Rather than positioning itself as a console substitute, NFLX sees gaming as an enhancement to its existing streaming service.
The company’s upcoming games include titles like Money Heist, The Dragon Prince: Xadia and Death's Door. These upcoming games are expected to aid top-line growth in the upcoming quarters. The Zacks Consensus Estimate for NFLX's 2023 revenues is pegged at $33.6 billion, indicating 6.26% year-over-year growth. The consensus mark for earnings is pegged at $12.07 per share, indicating 21.31% year-over-year growth. The Money Heist game invites players to immerse themselves in an interactive environment and become part of the crew in the original heist at La Perla de Barcelona. The decisions made by the gamers will shape the outcome. The Dragon Prince: Xadia is an action role-playing game with a cooperative and hero-based gameplay. Set in the world of Xadia and coinciding with the upcoming sixth season of the series, players can embody the legendary champions of Xadia and engage in cooperative missions to combat well-known villains from The Dragon Prince. Death’s Door is centered around the task of reaping souls and maintaining a routine of punching a clock. The plot takes a thrilling turn when the player’s assigned soul is stolen, leading the individual on a quest to track down a desperate thief in a realm untouched by death. Netflix faces formidable competition in the mobile gaming industry from giants like Microsoft ( MSFT Quick Quote MSFT - Free Report) and Apple ( AAPL Quick Quote AAPL - Free Report) . Microsoft's acquisition of Activision Blizzard for $69 billion has positioned it as a major player, particularly with the inclusion of Activision's King mobile brand known for the popular Candy Crush Saga games. MSFT's overarching strategy involves making its Xbox Cloud Gaming platform available on mobile devices, offering a comprehensive solution for gamers seeking access to high-quality titles without the need for expensive consoles or PCs. Apple represents a significant force in mobile gaming through its App Store. As gaming is one of AAPL's most lucrative sectors, it is committed to enhancing its gaming experience to grow its core business.