Could This Behemoth Company's Latest Gambit Spell Doom for Its Stock?

·3 min read
Could This Behemoth Company's Latest Gambit Spell Doom for Its Stock?

Since entering the gaming space last year, Netflix (NASDAQ: NFLX) has released almost two dozen mobile games that are exclusively available to subscribers of its streaming video service. Netflix says it plans to have at least 50 games available by the end of 2022. While the streamer has over 220 million subscribers, app insights company Apptopia estimates Netflix's games have only been downloaded 23.3 million times globally across Apple's App Store and Google Play.