7 Netflix Analysts Size Up Password Sharing Crackdown, Hollywood Strike's Impact, Ad Opportunity And More
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) reported better-than-expected Q2 subscriber additions and strong progress in paid sharing. Analysts from Morgan Stanley, Guggenheim, Baird, Oppenheimer, Needham, KeyBanc, and William Blair provided their insights on the company's performance. The crackdown on password sharing was deemed successful, with the risk of increased churn now behind Netflix. However, the average revenue per membership was weak in Q2, down 3% YoY. The company's shares are down 9.42% to $432.58.
July 20, 2023 | 3:30 pm
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Netflix reported strong Q2 results with successful crackdown on password sharing. However, the average revenue per membership was weak, down 3% YoY. The company's shares are down 9.42% to $432.58.
Netflix's Q2 results were better than expected, with strong progress in paid sharing and a successful crackdown on password sharing. However, the average revenue per membership was weak in Q2, down 3% YoY, which could be a concern for investors. The company's shares are down 9.42%, indicating a negative market reaction to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100