Tag: netflix stock

Netflix’s Crackdown on Password Sharing Emboldens Stock Bulls
6Apr By adminNo Comments
Technology

Netflix’s Crackdown on Password Sharing Emboldens Stock Bulls

[ad_1] In 2017, Netflix Inc. tweeted that “love is sharing a password.” In 2023, Wall Street loves that the company has changed its tune.The video-streaming giant is cracking down on the ability of its users to share subscriptions across locations, a move that analysts say could push millions of borrowers to spring for their own plans. This strategy, along with the debut of a lower-cost tier with advertising, could keep user growth robust, supporting an extended rebound in the stock. “There are millions of people on shared accounts, and if you get a few bucks per month out of even a small percentage of them, that creates a huge recurring revenue base that can supplement current growth,” said Jamie Lumley, senior analyst at Third Bridge, who sees the crackdown as a “huge opportunity” for...
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Netflix Strategy Shift Spurs Worst-to-Best Comeback for Stock
1Dec By adminNo Comments
Technology

Netflix Strategy Shift Spurs Worst-to-Best Comeback for Stock

[ad_1] The new Netflix plan comes at a time when a high level of inflation is eating into disposable incomes at households. Netflix Inc.'s turnaround plan is winning over investors, who have turned one of the worst-performing stocks early this year into one of the best in the second half.The catalyst for the comeback has been the streaming-video company's introduction of a lower-priced, advertising-supported subscription tier, which is expected to help the Los Gatos, California-based company to attract new customers and retain old ones. The new plan comes at a time when a high level of inflation is eating into disposable incomes at households and streaming services seem one of the first luxuries consumers are choosing to cut down on. “The ad-supported pricing tier option of $6.99 seem...
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Netflix’s Subscriber Growth Sparks Surge in Korean Drama Stocks
19Oct By adminNo Comments
Technology

Netflix’s Subscriber Growth Sparks Surge in Korean Drama Stocks

[ad_1] Shares of South Korean drama producers jumped after Netflix Inc. said it added more subscribers than expected. Shares of South Korean drama producers jumped after Netflix Inc. said it added more subscribers than expected in the third quarter and touted the contribution of Asian shows. Astory Co. -- producer of “Extraordinary Attorney Woo,” which has racked up 402 million viewing hours -- opened up by its 29% daily limit before paring the gain. During the streaming giant's conference call, Netflix co-Chief Executive Officer Ted Sarandos mentioned the strength of the series and said the company is increasingly leaning on programs that are not made in English. The success of South Korean blockbuster survival drama “Squid Game” last year has sparked frenzied trading in related...
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Relief for Hollywood! Netflix Returns to Growth, Saying the Worst of Slowdown Is Over
19Oct By adminNo Comments
Technology

Relief for Hollywood! Netflix Returns to Growth, Saying the Worst of Slowdown Is Over

[ad_1] Netflix Inc. is growing again, and Hollywood can breathe a sigh of relief. Netflix Inc. is growing again, and Hollywood can breathe a sigh of relief. The streaming leader added 2.41 million customers in the third quarter, exceeding internal forecasts as well as expectations on Wall Street. Netflix grew in all regions of the world and said in a shareholder letter on Tuesday that it expects to sign up another 4.5 million globally this period.While Netflix isn't growing as quickly it was a couple years ago, the world's most popular TV network is back on a positive trajectory. More customers are signing up than earlier in the year, the company said Tuesday. That's good news for investors in Netflix and its peers who suffered steep stock-market losses earlier in the year. “Thank God...
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