This week saw two media giants embark into unfamiliar territory, as Comcast’s (CMCSA) Peacock streaming platform launched, while Netflix (NFLX) hit sudden turbulence after a lackluster second quarter earnings report.
The streaming giant missed on earnings estimates, but did beat on both revenue and global paid net subscribers. It also added over 10 million users last quarter (compared to the 8 million expected.)
But what seems to be spooking investors is the disappointing subscriber growth…
Source link
