Are Subscribers Finally Feeling Netflix Fatigue?
Netflix (NASDAQ: NFLX) saw a massive spike in subscribers in February and March as people everywhere started staying home more amid the coronavirus pandemic. In fact, the entire video-streaming industry saw an influx of couch time, especially after leagues suspended sports and many scripted series ended their seasons early.
After peaking in April, total U.S. streaming hours among Netflix, Amazon (NASDAQ: AMZN) Prime, Disney's (NYSE: DIS) Hulu and Disney+, and Apple (NASDAQ: AAPL) TV+ has started to fall back to Earth, but it's still above March levels. Netflix, being the most popular streaming service, has the biggest influence on total streaming hours. But smaller competitors have displayed some strength, while Netflix viewers show some fatigue.
Image source: Netflix.
Source Fool.com
