3 Things Smart Investors Learned From Netflix's Q2 Earnings
When it comes to streaming movies and TV shows, consumers are now flooded with options. More than 80 different providers are operating worldwide, many of which offer their own unique original content. Netflix (NASDAQ: NFLX) is an industry pioneer, and it still leads the pack by a small margin.
But it's becoming increasingly difficult for the company to extend its advantage over the competition, especially because some of the best content creators, like Disney, have pulled away from the licensing model to launch streaming platforms of their own.
Netflix is trying a number of things to accelerate its subscriber growth, including a crackdown on password sharing and the introduction of a cheaper, ad-supported subscription tier. Both of those initiatives are still in their infancy, but investors learned a little more about their successes and failures so far in the second quarter of 2023. Here are three of the biggest takeaways.
Source Fool.com
Netflix Inc. Stock
Currently there is a rather positive sentiment for Netflix Inc. with 81 Buy predictions and 8 Sell predictions.
As a result the target price of 608 € shows a slightly positive potential of 4.99% compared to the current price of 579.1 € for Netflix Inc..
