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Netflix (NFLX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
People talk about the proliferation of streaming services like Disney+ and HBO Max competing with Netflix (NASDAQ: NFLX), but the real threat is from a completely different business. Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube generates more revenue than Netflix and benefits from users generating content for the platform.
Demand for streaming services might be falling in the near term, but the segment has excellent long-term prospects.