Netflix stock down 11% in September; year-to-date drop reaches 23%
1 Today 8:30 AM · 14h ago · 4 articles · 1 source · development 1 of 1
Netflix stock has declined 11% in September and 23% year-to-date, while the S&P 500 is up 13% for the year. Analyst commentary focuses on YouTube's competitive gains and Netflix's weakening content draw.
“YouTube has been benefiting, in our view, from a declining reception to NFLX's original content. Near-term recovery in engagement looks unlikely.”
Mohammed KhalloufMohammed Khallouf HSBC analystSteven Cahall Wells Fargo analystNetflix Streaming companyYouTube (Alphabet) Video platform competitor
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What was reported 2 claims about this development
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first by Yahoo Finance, 14h ago · also Asymco, Investor's Business Daily
2 more headlines
- Remember Netflix? Stock Downgraded As YouTube Harvests Viewers Asymco · 12h ago
- Netflix Stock Downgraded As YouTube Swipes Viewers Investor's Business Daily · 12h ago
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first by Media Play News, 12h ago
All 1 developments of HSBC cuts Netflix to hold on YouTube's surging viewership… →
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