UBS Sees Netflix Q1 Revenue +14.4%, Sells 3.18% Solar Stake, Favors Bunds
UBS analysts forecast Netflix to exceed Q1 guidance with 14.4% FX-neutral revenue growth and 17% operating income expansion driven by price hikes and advertising momentum. UBS highlighted Anthropic’s Project Glasswing as a cybersecurity catalyst, cut its Solar A/S stake to 3.18% and urged shifting duration exposure to German bunds.
1. Netflix Q1 Outlook
UBS analysts expect Netflix’s first quarter to deliver 14.4% FX‐neutral revenue growth and a 17% rise in operating income, citing recent U.S. price hikes of $1 on ad tiers and $2 on standard plans plus an expanding ad-supported business projected to generate $3.1 billion in 2026.
2. Anthropic Project Glasswing
UBS flagged Anthropic’s Project Glasswing as a major cybersecurity driver after its Mythos preview reportedly uncovered thousands of zero-day vulnerabilities, prompting enterprises to ramp up AI-driven defenses and accelerate spending on network security solutions.
3. Solar A/S Stake Reduction
UBS Group AG completed a sale on April 7, reducing its holding in Solar A/S to 25.49 million B shares, representing a 3.18% stake, as part of portfolio rebalancing and liquidity management ahead of year-end targets.
4. Duration Market Strategy
UBS remains cautious on U.S. Treasury duration given stretched real yields and curve flattening, while forecasting German bunds to outperform on supportive European Central Bank guidance and improving demand for safe‐haven debt.