1 Green Flag For Netflix in 2022, and 1 Red Flag
Netflix (NASDAQ: NFLX) has experienced more than its fair share of ups and downs since the pandemic's onset. Initially, it thrived as billions of folks stuck at home had to entertain themselves. Netflix was an easy choice with its most expensive plan costing less than $20 per month.
But today, the stay-at-home trend has reversed, and people are spending more time out of the house. That's creating a headwind for Netflix and a significant red flag for the streaming business in 2022. The market has focused on this fact more than anything else, with the stock is down 37% year to date. Meanwhile, the company reached a large enough scale to sustain itself financially. Management said it would be free cash flow positive for 2022 and beyond -- a green flag, to be sure.
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Source Fool.com
