There’s no secret that, despite the recent influx of major studios into the streaming arena, Netflix has managed to hang on to its position as the first and most iconic streaming service in the public’s imagination.
A Squid Games rallyWith most firms focusing on their Q3 earrings, it seems investor confidence in Netflix has spiked with the global success of Squid Games.
With its subscriber base now topping 209M users as of the end of June, what does this mean for its stock price and Q4 forecast?No doubt its ability to continuously deliver high-performing content (as with Squid Games) is a big focus for investors.
While it's too early to tell how successful these attempts will be, they have also had an impact on overall stock sentiment.
There’s also the high-profile acquisition of swathes of the Roald Dahl catalog to consider.Membership-wise, we’ve seen 4.4 million new subscribers onboarded, half of these from the Asia-Pacific zone, but less than a million of these from North America.
Of these, almost two-thirds have watched at least 2-minutes of Squid Games.