Netflix stock hit a record high on Monday after the streaming video leader announced huge viewership numbers for its live Friday-night boxing match and revealed that Beyonce will perform a halftime show during one of its Christmas Day NFL games.
On Monday, Netflix said more than 60 million households tuned in to watch its Jake Paul vs. Mike Tyson fight on Friday. The main event match peaked at 65 million concurrent streams worldwide.
Additionally, nearly 50 million households globally tuned in live for the co-main event bout of Amanda Serrano vs. Katie Taylor. Both boxing matches took place at AT&T Stadium in Arlington, Texas.
However, Netflix caught flak for technical glitches during the event. Downdetector, which tracks user reports of internet disruptions, received more than 500,000 reports that people were having problems streaming on Netflix during the event, the New York Times reported.
Netflix also announced on Monday that music superstar Beyonce will perform a halftime show on Dec. 25 when the Houston Texans host the Baltimore Ravens at NRG Stadium.
Beyonce's show will be her first live performance of songs from her genre-bending "Cowboy Carter" album.
Netflix is streaming two NFL games on Christmas. First, the Kansas City Chiefs will face the Pittsburgh Steelers at 1 p.m. Eastern time. Then, at 4:30 p.m. Eastern, Baltimore will take on Houston.
On the stock market today, Netflix stock rose 2.8% to close at 847.05. Earlier in the session, NFLX stock notched a record high of 848.45.
Netflix stock is on two IBD lists: IBD 50 and Big Cap 20.
Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.
