Netflix Dominates Streaming Wars, Faces New Challenges
Despite a slowdown in original content production, the company's stock is up 36% and its ad-supported subscription tier boasts over 23 million active users.
- Netflix's stock is up 36% compared to one year ago, while Disney’s stock fell 10%, and Warner Bros. Discovery’s stock is down 22% over the same period.
- Netflix's ad-supported subscription tier, launched in November 2022, has more than 23 million monthly active users.
- Netflix has recently made investments in ventures outside of scripted programming, betting on live programming and video games.
- Netflix's original programming output has slowed since 2022, with a significant decline in new film and TV releases during the fourth quarter.
- Netflix ended 2023 with nearly 250 million total global subscribers, way ahead of Disney+ with 150 million.