NFLX - It's Been Nearly 2 Years Since Netflix's Password Sharing Crackdown. Is the Stock a Buy in Today's Bull Market?
2024-02-04 08:00:00 ET
During the first and second quarters of 2022, Netflix (NASDAQ: NFLX) reported a combined loss of 1.2 million subscribers, a shocking occurrence for the streaming industry leader. After years of expansion, the reversal called into question the company's growth story, and its stock plummeted 76% just months after hitting a new all-time high.
As a result, management turned its attention to the estimated 100 million users accessing Netflix without paying. The ensuing crack down on password sharing has helped the company turn things around.
As Netflix leaned into that effort, shares have bounced back over 200% from their 2022 low. Is the streaming stock still a buy in the current bull market?
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It's Been Nearly 2 Years Since Netflix's Password Sharing Crackdown. Is the Stock a Buy in Today's Bull Market?