@Tiger_Earnings Stock Prediction: Guess where NFLX will move following its earning announcement?
NFLX has revolutionised the home entertainment sphere. Since its debut, the competitive edge over the expensive pay-TV and the recent global pandemic that closed many borders and kept people at home, NFLX has seen its best days. Will the trend of phenomenal increase in subscription continue, now that more countries have re-opended borders and ease restrictions, more competition coming from traditional media companies like Warner Brother Discovery ?
A quick check:
a) UK households cancel streaming subscriptions in record numbers - Financial Times
b) Lower global outlook for new subcribers - Morgan Stanley
c) Slower growth rate, more competition from traditional media companies like Warner Brother Discovery? - Forbes
Disclaimer: This is a personal insight and not any advice for trading.
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