Watching Netflix; Hearing Traders Circulate Yipit Data Out On Co Being Cautious On Data Points. Net Additions Decelerated, (New Subscribers As A % Of Gross Additions Have Also Steadily Declined Through August)
Portfolio Pulse from Happy Mohamed
Traders are circulating Yipit data suggesting Netflix is being cautious on data points. The data shows that net additions have decelerated and new subscribers as a percentage of gross additions have steadily declined through August.
August 24, 2023 | 1:33 pm
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Netflix's net additions have decelerated and new subscribers as a percentage of gross additions have declined through August, according to Yipit data.
The deceleration in net additions and decline in new subscribers as a percentage of gross additions could indicate a slowdown in Netflix's growth. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100