Benchmark Sees Minimal Impact From Netflix’s Operations Suspension in Russia

Benchmark Sees Minimal Impact From Netflix’s Operations Suspension in Russia
In this photo illustration a computer and a mobile phone screen display the Netflix logo in Arlington, Va., on March 31, 2020. Olivier Douliery/AFP via Getty Images
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Benchmark analyst Matthew Harrigan does not consider Netflix Inc.’s suspension of operations in Russia a significant blow to the streaming giant’s overall business.

There is “a clear crisis fallout” that could affect Netflix’s stock valuation and international growth numbers, but its Russian subscriber base is paltry compared to other countries and regions.