Glonghui, January 25 | Bank of America Securities published a research report saying that Netflix's performance in the fourth quarter of last year was strong, with a net user growth of 13.1 million, which greatly exceeded market expectations. It is predicted that due to the weakening US dollar exchange rate and the positive impact of operations in the fourth quarter, the operating profit margin for the first quarter of this year will rise to 26.2%. The number of new users is expected to decline quarterly, but the year-on-year comparison is expected to record growth. Netflix announced that World Wrestling Entertainment (WWE) of the United States has signed a ten-year broadcasting rights agreement to be authorized to broadcast WWE's key program RaW in the US and various overseas markets. The value of the agreement reached 5 billion US dollars. Bank of America has indicated that it is optimistic about Netflix's strategic expansion into sports-related fields. Bank of America Securities adjusted its revenue and operating profit forecasts for the first quarter of this year from 9.6 billion US dollars and 2.3 billion US dollars to 9.2 billion US dollars and 2.4 billion US dollars, respectively, and raised the annual revenue, operating profit, and free cash flow forecasts to 39.52 billion, 9.5 billion, and 6.01 billion US dollars, respectively, to reaffirm the “buy” rating, and raised the target price from 585 US dollars to 650 US dollars.