Netflix could lose 4 million U.S. subscribers next year, warns analyst

Netflix could lose 4 million U.S. subscribers next year, warns analyst

Another brokerage has cut its rating for Netflix, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year. Needham downgraded the tech giant to ’underperform’, believing Netflix will have to add a lower priced service to compete with competitors including Apple and Walt Disney.

pennydreadful
pennydreadful
ConcealCarryProtect
ConcealCarryProtect 5 months

And I will be one of them. About to finish the office and in tired of the woke originals.

Tachyon
Tachyon 5 months

If they continue making woke garbage in place of their formerly great originals then hell yeah they will. Losing all of Disney's content isn't going to help either. Even though Disney's new and upcoming content is even worse garbage, their back catalog is huge and valuable.

Jesse E.
Jesse E. 5 months

Yeah they already lost this one when they put out that "Dear white people" bullshit.

DarkWarrior633
DarkWarrior633 5 months

honestly only got it to watch Dave sticks and stones and some stranger things

Edward Williams
Edward Williams 5 months

Good!

Crimson Jester
Crimson Jester 5 months

Not worth the cost

Sir_Kutz
Sir_Kutz 5 months

They lost me years ago.

Daniel McEwen
Daniel McEwen 5 months

They've supposedly been about to collapse for some time now. I don't care that they get into political documentaries. That stuff never shows as suggestions. Better than supporting Disney+ or CBS All-Access.

Pomai Kajiyama
Pomai Kajiyama 5 months

They been saying this for years as Netflix grew from a minor video rental scheme to the only media company that can compete with the Disney monopoly over hollywood. It's almost like the dying newspaper bussiness has a vested interest in supporting old media over new...

Unity.Nat
Unity.Nat 5 months

You know. Pirating works just as well.

christine hancock
christine hancock 5 months

Netflix hasn't been producing or streaming anything I would be interested in lately, so yeah, my family will be trying a new platform at the beginning of next month.

TugboatTommy
TugboatTommy 5 months

You mean when they keep raising prices while offering poorer content, people are going to leave? Tell me it isn't so!

B. K.
B. K. 5 months

Agilent Technologies is a better investment at this time. Should the Democrats get in, American healthcare may focus more on preventative medicine than profiting off the sick. Furthermore with Disney and Apple entering the field, Netflix will have to react with new features. Expect a social aspect to be added to Netflix. Expect an indie movie aspect on user made 'channels' as seen on YouTube, with a profit-per-play model like YouTube. These are ways they could expand their platform.

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