Netflix set for slowest revenue growth as ad plan struggles to gain traction

Published by
Reuters

By Eva Mathews (Reuters) – Netflix Inc is expected to report its slowest quarterly revenue growth on Thursday as its ad-supported plan struggles to attract customers in the saturating U.S. market, which could pressure the company to pull back on content spending this year. The streaming pioneer has been reeling under strained consumer spending, rising costs of financing production and increased competition from Disney+ and Amazon Prime. It had pinned its hopes on the launch of the ad-supported tier, but analysts say they have not seen a burst of subscriptions. The company is expected to have a…

Read More

Leave a Reply