It’s not only Disney that is struggling to find more subscribers. Netflix came out with its numbers today and dropped as much as 25% of its total stock value. Although it is still the top streaming platform, increased competition and fewer opportunities in the Western hemisphere combined to create hardship for Netflix meeting its goals. The streaming giant also failed to generate enthusiasm for its original movies, although it dominated in original shows and series.
Analysis by Valiant Renegade has shown that some of Netflix’s gains this past year came towards the end with a huge boost likely from Cobra Kai. That show, combined with Squid Game, did some serious heavy lifting for Netflix. For Squid Game, the total price tag was minuscule in comparison to the boost in views. Expect for Netflix to lean heavily into what’s working for 2022-23.
As for me, I would personally be buying Netflix stock today in the belief that it will go up… but I’m not interested in owning any percentage given my response to their handling of both Cuties and Big Mouth. None of that is stock advice for readers. Are the bulls or bears right about Netflix today? Regardless, it’s been a rough time for the stock market and Netflix dropping back to 2014 levels certainly isn’t helping investors.
For an in-depth look at all the statistics, feel free to watch the following analysis from the always-excellent Valiant Renegade:
And as always, keep checking out That Park Place for all the latest on streaming news… both the content and the business!
