Ex-Subscriber Survey Illustrates the Challenges Ahead for Netflix
Since first introducing its streaming service a dozen years ago, the rise of Netflix (NASDAQ: NFLX) as a streaming powerhouse has been nothing short of phenomenal. The company has gone from 7.5 million subscribers and $300 million in revenue in Q4 2007 to more than 158 million global subscribers and revenue of $5.2 billion in Q3 2019. At the same time, its stock has risen more than 7,000%.
The over-the-top market has gotten much more competitive in recent years. Gone are the days when Netflix was the only streaming game in town, and the coming year could arguably be the company's most challenging yet. A recent survey reveals a few troubling factors that could cut into Netflix's dominance and challenge its future growth prospects.
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Source Fool.com
