
48 hours in pictures, 22 June 2025
Large dolls of Young-hee (L) and of newly revealed character Cheol-su from Netflix's South Korean series Squid Game season 3 are installed to promote the series in front of the Giant Swing and Wat Suthat Thepwararam temple in Bangkok, Thailand, 22 June 2025. The two killer dolls characters Young-hee and newly revealed Cheol-su have been installed ahead of the officially release of Squid Game 3 on 27 June 2025. Picture: EPA-EFE/RUNGROJ YONGRIT

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IOL News
an hour ago
- IOL News
Netflix's lofty valuation has even bullish investors nervous
An Appl laptop and iPhone display Netflix Inc. home screen for original series Stranger Things in an arranged photograph in Brookly, US. Image: Gabby Jones/Bloomberg Netflix investors face a dilemma: Continue to bet on a stock that has delivered best-in-class returns over the past year or reconsider shares that increasingly look like they're priced for perfection. The streaming giant's stock price has nearly doubled over the last 12 months amid growth from advertising sales, subscription price increases and limited exposure to tariffs. While that makes it one of the best performing S&P 500 members over that span, it's also boosted its valuation to 45 times expected earnings for the next year. In comparison, Nvidia Corp. is priced at 32 times while the Nasdaq 100 is at 27 times. Such a premium valuation, Netflix's highest since 2021 - when its growth was being supercharged by the pandemic - is making even bullish investors wary of a potential sell off. Second-quarter earnings are due on July 17. 'I feel really good about its fundamentals, in terms of its pricing power, ad business and move into live events, but expectations have gotten to the point that any disappointment would be a risk,' said Michael Smith, senior portfolio manager and head of growth equity at Allspring Global Investments. After tumbling in 2022 amid slumping subscriber growth, Netflix shares have roared back as the company cracked down on password sharing and turned to advertising to boost revenue. Meanwhile, live events like WWE Raw are helping attract new subscribers. Netflix is the fourth best-performing stock in the Nasdaq 100 this year and now boasts a market value of $570 billion (R10 trillion), bigger than Mastercard and Exxon Mobil. Netflix's revenue is expected to rise 14% in 2025, down from 16% growth in 2024, according to the average of analyst estimates compiled by Bloomberg. While that's a vast improvement from 2022, when revenue rose by about 6.5%, it pales in comparison to 2020 and 2021, when Netflix's sales jumped 24% and 19%, respectively, as pandemic era lockdowns sent subscriber growth soaring. Still, most analysts on Wall Street remain bullish on the stock with a slate of programming this year that includes NFL games, boxing and new seasons of the popular shows Squid Game and Stranger Things. Last month, Oppenheimer & Co. described Netflix's outlook as 'ironclad' and raised the price target on the stock, one of many to do so in June. However, the shares have risen faster than analysts have upped their projections, leaving Netflix trading roughly 10% above the average price target of $1 217, suggesting limited upside potential over the coming months. Plenty of investors are undeterred by Netflix's valuation. Ken Mahoney, the CEO of Mahoney Asset Management, acknowledges it's a steep price to pay but believes Netflix's market dominance justifies the premium. 'People often miss great companies because they worry about valuation, and I don't have a problem spending up for what Netflix offers,' Mahoney said. Netflix is 'doing all the right things and is like a snowball getting bigger as it rolls downhill.' Another factor that's helped power Netflix's rally is that the stock has become much more widely owned. According to Bank of America data published at the end of May, Netflix was owned by 49% of long-only funds, making it the ninth-most-widely-held technology stock. About 14% of such funds held the stock in early 2016.
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Father jumps off cruise ship to save daughter after fall [video]
Viral videos never seem to dry up on the World Wide Web. Isn't it wild how there's always something bizarre or hilarious making the rounds? From people surfing shopping trolleys on highways to cringeworthy challenge fails, the Internet never stops surprising us. The latest viral sensation has grabbed the attention of millions, racking up likes and shares all over social media. Today's Eish Wena segment features a heart-stopping moment as a father leapt off a Disney cruise ship to save his daughter after she accidentally fell overboard. Watch the video below @kcalnews A father jumps into the sea after his daughter fell overboard on a Disney Dream Cruise. Witnesses say they had to tread water for up to 20 minutes before they were both rescued. The incident happened Sunday as the Disney Dream returned to South Florida after a four-night voyage to the Bahamas. #kcal #cbs #kcalnews #cruise #cruiseship #rescue #disney ♬ original sound – KCAL News Need your news quickly? Visit The South African website for all you need to know. Enjoy a wide variety of videos from news, lifestyle, travel, sports, viral videos and lots more! There is always something to watch here! Why not follow us on Facebook, Instagram and TikTok while you're at it? Get ALL the news you need to know on the go at your convenience! Submit your videos for a chance to be featured in the daily Viral Video article and get your name mentioned. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.

IOL News
a day ago
- IOL News
Laugh out loud with Anel Alexander and Nico Panagio's parenting antics in 'Semi-Soeter'
Jaci and JP, played by Anel Alexander and Nico Panagio, in the romcom 'Semi-Soeter'. Directed by Joshua Rous, this Netflix romcom is bolstered by Mzansi's crème de la crème of Anel Alexander, Nico Panagio, Sandra Vaughn, Louw Venter, Diaan Lawrenson, Neels van Jaarsveld and Hélène Truter bringing the script to life. And a rib-tickling one at that. If you are looking for a delightful movie to enjoy this weekend, look no further than 'Semi-Soeter' . Reset restore all settings to the default values Done Beginning of dialog window. Escape will cancel and close the window. Firstly, picturesque Cape Town shines in several of the frames. It evokes a European atmosphere. This sequel to the 2012 'Semi-Soet' kicks off with Jaci van Jaarsveld (Alexander) and JP Basson (Panagio) having their hands full babysitting the rambunctious brood of Hertjie Greyling (Louw Venter) and Karla (Vaughn). While they love their best friends' little ones, they are grateful to be able to give them back to their parents. The career-driven couple decided a long time ago that children were not on the cards. And Jaci's inability to conceive, combined with JP's low sperm count, meant they were able to flourish in their careers. Despite fleeting moments of second-guessing their decision, they are confident they made the right call. However, their world is upended by a major pitch for an international baby brand that could turn the fortunes of their company around. At first, it appears to be a smooth-sailing pitch until they learn that Joubert (Van Jaarsveld), a college rival of JP's, is also in the running. The competitive streak between the two overshadows the pitch, with a well-meaning Hertjie and Karla deciding to loan their baby boy, Henry, to their best friends to help them land the deal. Meanwhile, Jaci learns that she's going to be a mum before their busy weekend and struggles to find the right moment to tell JP.