Netflix Seen Facing Stiff Competition Overseas

By | February 27, 2014

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Netflix (NFLX) will grow to 65 million international subscribers by 2023, a sixfold increase, but it won’t come easy, Bernstein Research says in a new report. Netflix will face stiff competition expanding its video-streaming service in Europe, and Latin American growth will be tempered by broadband service availability, says Bernstein, which rates the stock underperform. Netflix’s international growth has been a hot topic among analysts debating Scalper1 News

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