Netflix may reduce content spend amid slowing revenue growth, Reuters says

Netflix (NFLX) may need to reduce its content spend in 2023 as it is set to "report its slowest quarterly revenue growth on Thursday, amid a struggling ad-supported plan, wrote Eva Mathews for Reuters. The streamers advertising supported venue is having difficulty attracting new customers in "the saturating U.S. market," added Reuters. The company "has been reeling under strained consumer spending, rising costs of financing production and increased competition from Disney+ (DIS) and Amazon Prime (AMZN)," added Reuters. Reference Link