Netflix Stock Is Down (And The Worst Is Yet To Come)
- 8 months ago
Netflix stock analysis (July 2023)
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6 million additional subs is encouraging when you consider that Disney Plus lost 4 million in the same quarter. And Netflix continues to publish some of the highest engaging programs. According to Nielsen, Netflix had the top original streaming series in the US for 24 of the first 25 weeks of the year, and the top movie for 21 weeks.
But subscriber growth last quarter was mostly due to the company’s crackdown on password sharing. Average revenue per membership actually declined across the board. And once the rollout of paid sharing is complete, the big question is what is going to drive future growth?
#netflixstock #investing #overlookedalpha
Join 9000+ investors: https://www.overlookedalpha.com
6 million additional subs is encouraging when you consider that Disney Plus lost 4 million in the same quarter. And Netflix continues to publish some of the highest engaging programs. According to Nielsen, Netflix had the top original streaming series in the US for 24 of the first 25 weeks of the year, and the top movie for 21 weeks.
But subscriber growth last quarter was mostly due to the company’s crackdown on password sharing. Average revenue per membership actually declined across the board. And once the rollout of paid sharing is complete, the big question is what is going to drive future growth?
#netflixstock #investing #overlookedalpha