Can Netflix Stay Competitive in Today's Tough Streaming Market?
Netflix (NASDAQ: NFLX) has had a rough 2022 so far. The company reported a loss of 200,000 subscribers in its fiscal first quarter, and it expects to disclose another 2 million lost in its second-quarter earnings report later this month. Subsequently, Netflix's share price has been tracking below the S&P 500 index for several months, and it has cut hundreds of jobs.
The company has announced strategies to tackle the decline in revenue, including the launch of an ad-supported plan aimed at cost-sensitive consumers and a crackdown on password-sharing. However, it has yet to reveal specifics of the ad-supported tier, and a pilot scheme to geo-restrict accounts has left many customers questioning what constitutes a "household." So what else can Netflix do to remain competitive?
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Source Fool.com
