Netflix, Inc. shocked Wall Street by reporting below-consensus first-quarter revenues and a loss of net paid subscribers. The Netflix Analyst KeyBanc Capital Markets analyst Justin Patterson maintained a Sector Weight rating on Netflix shares. The Netflix Thesis Netflix’s first-quarter results reinforce KeyBanc’s view that gross adds is an industry-wide challenge, given market penetration rates and increasing competition, Patterson said in a note. Fixes such as a crackdown on password sharing and building an ad-supported service will take about 18-24 months, the analyst said. KeyBanc’s survey suggests that there is more interest for ad-supported content among Netflix subscribers than non-subscribers, he added. ...
Source: https://www.theepochtimes.com/how-long- ... 16892.html
How Long Will It Take For Netflix To Set Its House In Order?
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How Long Will It Take For Netflix To Set Its House In Order?
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