But that pre-streaming era is now long gone and not coming back.
If streaming is a mediocre business, so what?
We are in a streaming age now.
Photo Illustration by Brandon Bell/Getty Images
Even if it hits that target, the gain would be the smallest during the holiday quarter since 2014.
The company added 8.3 million in the comparable period in 2021.
Even so, the cost of content continues to weigh heavily.
In a note to clients, he questioned the extent of the upside of the effort.
Sheridan considers Netflix a show-me stock and rates shares a sell.
One investment firm known for years as a Netflix bear, Wedbush Securities, has become a bull.
Investors so far this year appear willing to tune in to the Netflix story.
The companys stock has risen almost 13% in 2023 thus far, closing today at $326.33.
