Wolfe Research analyst Peter Supino downgraded Netflix Inc (NASDAQ:NFLX) from Outperform to Peer Perform.
While Netflix should continue to gain a share of the global premium video revenue pie, pay TV accounts for >50% of viewership today, and while Netflix is on course to build a massive advertising business for the long term, Supino has growing concerns about 2024-25 growth forecasts.
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