Netflix stock will ‘suffer’ if ad rollout struggles continue, analyst warns

Netflix stock will ‘suffer’ if ad rollout struggles continue, analyst warns

Netflix’s (NFLX) new ad-supported offering appears to be undergoing some growing pains.

According to a new study by subscription analytics firm Antenna, cited by The Wall Street Journal, the streaming giant’s $6.99 ad-supported offering was the least popular tier of its service during the month November.

The ad tier, which officially debuted in U.S. markets on November 3, accounted for just 9% of Netflix sign-ups during the month. About 57% of those ad-supported subscribers re-joined the…


Source link

About search

Check Also

Philips Posts Record Surge After US Sleep Apnea Settlement (Bloomberg) – Yahoo Finance

Philips Posts Record Surge After US Sleep Apnea Settlement (Bloomberg) – Yahoo Finance

[unable to retrieve full-text content]Philips Posts Record Surge After US Sleep Apnea Settlement (Bloomberg)  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *