Netflix could lose 10 million subscribers next year if it doesn’t cut prices, Needham analyst says

Finance

A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019.

Jaap Arriens | NurPhoto | Getty Images

Netflix needs a cheaper streaming option to survive the streaming wars, according to Needham.

The firm said the streaming platform needs advertising dollars to supplement about half of Netflix’s current subscription cost.

“NFLX’s price point is too high given the competitive streaming landscape. We project NFLX will lose 10mm US subs during 2020 unless it offers a service prices below its core $13/month service,” said Needham analyst Laura Martin in a note to clients on Friday.

Articles You May Like

Netflix ad-supported tier has 40 million monthly users, nearly double previous count
‘I feel like I’ve been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes
SoftBank Vision Fund posts first annual gain in 3 years, up $4.6 billion
AMC completes $250 million stock sale during meme rally, shares jump 100% in premarket
Biden’s EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.

Leave a Reply

Your email address will not be published. Required fields are marked *