Will streaming platforms take a hit from a Squid Game-style tariffs war kicked off by Donald Trump? Or will Netflix & Co. be mostly spared from the roiling disruption throughout the global economy? One of Wall Street’s notable analysts has been pondering that question often in recent weeks.
“There’s been some noise around the impact of tariffs, churn post the X-Mas NFL games, and declining engagement,” Bernstein’s Netflix analyst Laurent Yoon wrote in a report in mid-March, possibly referencing the streaming giant’s multiday stock slide after a rival analyst suggested that a gain from turning password-borrowers into paying customers had possibly run its course.
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