Why Netflix stock could rebound in the third quarter by skleb1234
With its third-quarter earnings due next week, Netflix looks set to rebound from a rough few months by showing Wall Street that it can again fight off competition and weather the streaming wars.
The company’s slowing revenue and subscription growth is a sign that the streaming wars are heating up: Netflix CEO Reed Hastings admitted as much last month, warning of increasingly “Disney+ and Apple TV+ are both priced cheaper than Netflix, and will subsequently continue to compete for market share.
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