Shares & Derivatives
Netflix’s Share Price Has Shot Up 23% This Month: Is the Worst Over?
By The Smart Investor  •  January 27, 2023
The Lunar New Year has been a wet one so far, and the extended holiday may see more people stay at home to relax and binge-watch their favourite movies and TV series in comfort. If like me, you enjoy your usual dose of streaming television, you are likely a Netflix (NASDAQ: NFLX) subscriber. The streaming giant saw its shares lose half their value last year as subscriber numbers contracted over two consecutive quarters. Investors were worried about the competition and how it would affect subscriber growth for Netflix, sending its shares down to their lowest level in five years. As 2023 rolled in, Netflix saw its shares stage a strong rebound, and are up 23% this month alone. Could the worst be over for the streaming behemoth? Can Netflix post steady and consistent growth once again? An impressive finale Netflix recently released its fiscal 2022’s fourth quarter (4Q2022) and full-year (FY2022) earnings....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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