Communications: Spotify, Netflix lead sector gains in 2024

Fri, Dec 27, 2024, 4:00 PM

The communication services (XLC) sector has surged by over 35% in 2024, propelled by aggressive cost-cutting initiatives and corporate restructuring. Yahoo Finance Special Reporter Akiko Fujita examines the key drivers behind this strong performance, with a special focus on standout performers like Spotify (SPOT), Netflix (NFLX), Meta (META), and Alphabet (GOOG, GOOGL).

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This post was written by Angel Smith