Why Netflix Lost 14% in September
Netflix’s (NASDAQ:NFLX) bad year got worse last month as signs continued to show that the company was losing ground to rival YouTube, and even co-CEO Ted Sarandos acknowledged that recent engagement trends have been disappointing.
At the Emmys last month, Netflix had its lowest-converting and weakest performance at the TV awards show in a decade, reflecting an underwhelming slate of original programming.
The stock finished September down 14%, according to data from S&P Global Market Intelligence.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.