When Netflix (NASDAQ: NFLX) reported its first-quarter 2022 financial results on April 19, it showed that the business lost 200,000 subscribers in the quarter. Slowing growth for the streaming pioneer has forced Reed Hastings, Netflix's co-founder and co-chief executive officer, and his team to publicly mention for the first time that the business will explore a lower-priced, advertising-based subscription option. Let's look at why this announcement by Netflix has actually caused me to buy more Roku (NASDAQ: ROKU) stock. Read More...
When Netflix (NASDAQ: NFLX) reported its first-quarter 2022 financial results on April 19, it showed that the business lost 200,000 subscribers in the quarter. Slowing growth for the streaming pioneer has forced Reed Hastings, Netflix’s co-founder and co-chief executive officer, and his team to publicly mention for the first time that the business will explore a lower-priced, advertising-based subscription option. Let’s look at why this announcement by Netflix has actually caused me to buy more Roku (NASDAQ: ROKU) stock.
