Netflix's International Growth Seen Offsetting U.S. Slowdown
Dow Jones10-22 01:20
1320 ET - Netflix's growth outside of the U.S. could be a reason for investors to buy the dip, Deutsche Bank says in a note. Analyst Bryan Kraft believes Wall Street is too focused on a decline in time spent on the streaming platform in the U.S. Internationally, content has performed better, and Netflix's management acknowledged the need for better strategy on U.S. content. Commentary on churn, international viewership, new content and long-term growth were all encouraging, Kraft says. Netflix is down 4.4%.
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