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Chris Katje

Netflix Takes A Backseat In Live Sports As Streaming Competitors Ramp Up

Netflix Ted Sarandos Nasdaq NFL Nuggets United States
The Netflix logo is seen on top of their office building in Hollywood, California, March 2, 2022. Netflix will not pursue bidding of sports coverage for now. (CHRIS DELMAS/AFP VIA GETTY IMAGES)

As the battle for sports rights heats up with more streaming companies entering the race, one of the largest streaming companies might be sitting on the bench.

Netflix Inc (NASDAQ: NFLX) might not be a major player in the live sports market, the company told investors and analysts after reporting second quarter financial results.

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