Why is Netflix share price dropping?

Why is Netflix stock price dropping?

Netflix Stock Dives After Company Misses Earnings Estimates

Shares of Netflix are losing ground in premarket trading after the company released its second-quarter results. Netflix reported revenue of $7.34 billion and GAAP earnings of $2.97 per share, beating analyst estimates on revenue and missing them on earnings.

Why did Netflix stock drop 2021?

Covid-related production delays in 2020 have led to a lighter first half of 2021 slate that will build through the course of the year,” the company said. Netflix is also looking to video games as a lure for current and potential customers.

Is Netflix overvalued?

But it’s not likely Netflix is grossly overvalued at today’s stock price. Just two of 41 Wall Street analysts rate the stock as underperform or sell and the average price target is $611. More likely, YouTube is currently undervalued. Netflix’s enterprise value is around $250 billion.

Is Netflix stock worth buying?

Netflix is the leader in a growing market

The streaming video market is estimated to grow around 18% per year over the next several years. … There are a lot of ways this top streaming service can keep growing and engaging subscribers, which is why it’s a stock worth holding for the long term.

What percent of the population has Netflix?

Netflix subscriptions in the U.S. 2020

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As of March 2020, 52 percent of respondents to a survey held in the United States had a current Netflix subscription. Meanwhile, 11 percent had previously had a subscription but no longer did so.

What’s the highest stock right now?

Berkshire Hathaway has the highest-priced shares of any U.S. company, and is also one of the largest companies in the world, consistently ranking in the top 10 by market value. Berkshire was originally a textile company, but was bought by Warren Buffett and is now a holding company for his investments.

What are Netflix competitors?

Netflix’s competitors

Netflix’s top competitors include Altice USA, ViacomCBS, NBCUniversal, DIRECTV, YouTube, HBO, TiVo, hulu, Warner Media, Fox and The Walt Disney Company. Netflix is a streaming service provider that offers TV shows, series, movies, anime, documentaries, etc.