Netflix is well-known for often cancelling shows that it shouldn't, but on rare occasions, it is justified in doing so. This time?
Netflix and MercadoLibre are trading 38% and 23% lower over the past year. Both have fallen out of favor, and poorly received quarterly results this earnings season aren't helping.
Netflix (NASDAQ:NFLX | NFLX Price Prediction) has spent the past three months moving in the wrong direction, and the ripples are showing up unevenly across the exchange-traded funds (ETFs) that hold it.
Alphabet recently announced it is expanding its partnership with NBCUniversal. YouTube Premium subscribers will have access to an ad-supported version of Peacock Premium.
Netflix may have made the right decision to walk away from a deal to acquire assets from Warner Bros. Discovery.
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Netflix trades about 43% below its 52-week high of $126.71. The company still forecasts 13% to 14% revenue growth and a 31.5% operating margin for 2026.
Shares of the streaming giant have dropped as revenue growth slows. However, Netflix is well-positioned as the subscription video-on-demand leader.
Walmart-owned Flipkart said on Friday it has partnered with Netflix to offer members of its loyalty programme a monthly mobile subscription after four qualifying orders, as it looks to encourage repeat purchases by customers.
A movie producer is seeking $105 million in damages from Netflix after he says a copy of his unreleased Nicolas Cage movie was stolen from the streaming service's studios in Hollywood.