Netflix Soars 40.5% YTD: Will Slowing User Growth Pull the Stock Down?
NFLXNetflix(NFLX) ZACKS·2024-08-29 22:20

Netflix (NFLX) , the streaming giant, has seen its stock price surge an impressive 40.5% year to date, outpacing the broader Zacks Consumer Discretionary sector and many of its peers in the entertainment industry. This remarkable performance comes despite concerns about a slowdown in user growth, which has been a key metric for investors in recent years. For third-quarter 2024, Netflix expects paid net additions to be lower than the year-ago period, which had the first full quarter impact from paid sharing. ...