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NFLX / Netflix' stock is still a sell even as ad-supported offering builds an audience, says Benchmark

Netflix' stock is still a sell even as ad-supported offering builds an audience, says Benchmark
Benchmark reiterated its sell rating on Netflix Inc. stock NFLX, +0.54% on Tuesday, and said it remains cautious even after a Sunday report from Bloomberg that the streaming service has gained about 1 million active users of its ad-supported offering after two months on the market. “Advertising initiatives and the nettlesome password sharing crackdown should be ARM (average revenue per member) accretive but in Benchmark's view largely position the stock to offset SVOD (streaming video on demand) competitive pressure,” analyst Matthew Harrigan wrote in a note to clients. Read More
Posted: Mar 21 2023, 07:47
Author Name: Market Watch
Views: 0903100

NFLX News  

Netflix considering live-streaming boxing matches: RPT

By Yahoo Finance
November 4, 2023

Netflix considering live-streaming boxing matches: RPT

Netflix (NFLX) may be getting into the ring to host live boxing matches as the streaming platform seeks to expand its live event and sports content of more_horizontal

The Netflix Buy Case Just Got Even Stronger

By The Motley Fool
November 4, 2023

The Netflix Buy Case Just Got Even Stronger

Netflix now has 15 million subscribers in its ad-supported tier. The company is also rolling out new ad products. more_horizontal

Netflix Doesn't Deserve Its Recent Appreciation

By Seeking Alpha
November 2, 2023

Netflix Doesn't Deserve Its Recent Appreciation

Netflix, Inc.'s market capitalization is almost $200 billion, but the company is heavily overvalued. The company's growth has been supported by its to more_horizontal

Netflix Just Issued a Warning That All Media Stock Investors Must Hear

By The Motley Fool
November 2, 2023

Netflix Just Issued a Warning That All Media Stock Investors Must Hear

Netflix thinks it could have more opportunities to license content in the future. That would imply that a lot of media companies will give up on their more_horizontal

Netflix's Ad-Supported Plan Attracts 15 Million Subscribers in First Year

By PYMNTS
November 1, 2023

Netflix's Ad-Supported Plan Attracts 15 Million Subscribers in First Year

Netflix's ad-supported tier now has 15 million global monthly active users, one year after the streaming platform launched the tier. “We have built more_horizontal

Netflix's ad tier reaches 15 million users a year after launch

By Reuters
November 1, 2023

Netflix's ad tier reaches 15 million users a year after launch

Netflix said on Wednesday its ad-supported tier had reached 15 million active users per month, a year after the streaming giant launched the cheaper p more_horizontal

Netflix ad-supported tier notches 15 million subscribers

By CNBC
November 1, 2023

Netflix ad-supported tier notches 15 million subscribers

Netflix introduced its ad-supported plan alongside a password sharing crackdown in an effort to drive revenue amid slowing subscriber growth. more_horizontal

2 Media Stocks Rivaling Netflix to Buy Hand Over Fist

By The Motley Fool
November 1, 2023

2 Media Stocks Rivaling Netflix to Buy Hand Over Fist

The multibillion-dollar streaming video market is packed with competitors, but these two companies are well-positioned to thrive. Disney is a veteran more_horizontal


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