The streaming giant\u0027s problems are well known\u003B here is where the opportunity lies
Netflix shined during the pandemic. When stay-at-home orders prevented folks from going out, the company posted blockbuster subscription and revenue growth. The stock became a pandemic darling, nearly doubling from 2020 to 2022.
While trying to catch a “falling knife” is always a tricky proposition, here are three reasons to consider Netflix shares once the dust has settled and the downward momentum has eased. If you’re new to investing you can dip your toe in by with thisNetflix remains the No. 1 streaming giant with unmatched scale, the result of years of consistently strong growth. Subscriptions have grown 32 per cent over the past two years and now sit at about 222 million subscribers worldwide.
To be sure, subscribers may be struggling to accept the rising cost of streaming services. Also, digital streaming competition from the likes of Disney+ and Amazon Prime continues to intensify. But with the stock down nearly 70 per cent already in 2022, much of that bearishness might already be baked into the price.Netflix continues to have attractive growth opportunities ahead. In management’s words, “the long-term addressable market is unchanged.
In addition to going after password sharing, management is also contemplating offering flexibility for its subscriptions. For example, subscribers might be able to choose a lower-priced option if they don’t mind seeing ads. If prices increase, users can try to minimize their expenses by looking into payment services that offer reward points.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's the case for buying Netflix's stock nowAfter a brutal decline, Netflix's stock is cheap relative to earnings, and profit seems likely to grow.
Read more »
‘Never Have I Ever’ Season 3: Netflix Reveals Premiere Date & First Look PhotosThe third season of Netflix’s Never Have I Ever will premiere on August 12, and the streamer released first look photos on Sunday teasing what’s ahead. When viewers last saw Devi (Maitr…
Read more »
The Real Reason Anne Hathaway Stopped Drinking Alcohol — Best LifeAnne Hathaway stopped drinking alcohol for one specific reason—and plans to start again in after certain amount of time. Here's when that is.
Read more »
Rivian’s latest crash brings ‘buy the dip’ tradersRetail traders snapped up $22 million worth of Rivian shares as the stock tanked after prominent corporate backers and insiders got a chance to trim their stakes when the IPO lockup ended.
Read more »
The Pros and Cons of Copper CookwareShould you buy copper pots or pans? Here are their advantages and disadvantages, and what to look for when buying them.
Read more »
Netflix tried and failed to build fandom with TudumThe fan site is just one piece of Netflix’s push to create fandoms
Read more »