Tag Archives: subscriber

[unable to retrieve full-text content]Netflix reports strong subscriber gains, but Q2 revenue forecast disappoints  Yahoo Finance Source link

Netflix (NFLX) is set to report fourth quarter financial results after the bell on Thursday as investors seek greater clarity surrounding the streaming giant’s profitability efforts, including its crackdown on password sharing and its recently debuted ad-supported tier. The Street will also continue to keep a close eye on subscriber numbers, which fell in each of the first quarters of the year, but are expected to grow again in Q4 after rebounding in the third quarter. Here are Wall Street’s… Source link

Disney (DIS) reported second quarter financial results after the bell on Wednesday that missed on both the top and bottom lines, although net additions for its fledging streaming platform Disney+ came in at 7.9 million, well above estimates of 4.5 million. The surprise upswing caused shares to climb as much as 5% in after-hours trading; however, Disney quickly erased those gains during the company’s earnings call in which CFO Christine McCarthy warned on both a tough economic environment as… Source link

Make no mistake: The drop in Netflix’s (NFLX) subscriber count is a major setback for the company, Manhattan Venture Partners Head of Research Santosh Rao told Yahoo Finance (video above). “This is a body blow to the bull case — definitely to the Netflix story, the subscriber story,” said Rao. “Netflix was all about subscribers for so long… and it’s really taking it on the chin here.” Netflix’s stock tanked in response to its latest round of earnings, as shares dropped by more… Source link

By Dawn Chmielewski and Tiyashi Datta (Reuters) -Netflix Inc said inflation, the war in Ukraine and fierce competition contributed to a loss of subscribers for the first time in more than a decade and predicted deeper losses ahead, marking an abrupt shift in fortune for a streaming company that thrived during the pandemic. The company said it lost 200,000 subscribers in its first quarter, falling well short of its forecast of adding 2.5 million subscribers. Suspending service in Russia after… Source link

Netflix (NFLX) shares plunged more than 20% on Friday — its biggest decline since October 2014 — after the streaming giant reported slowing subscriber growth in the fourth quarter, amid an already crowded streaming landscape. The platform added a relatively weak 8.3 million subscribers in Q4, and forecasted a net add of only 2.5 million subscribers in the current quarter, compared to 3.98 million during the first quarter last year. But top media analysts have argued that this is not time… Source link

Netflix (NFLX) stock rose slightly in Friday afternoon trading after the streaming platform raised the price of its subscriptions by $1-2.   Netflix’s basic plan in the U.S. rose by $1 to $9.99 per month. The standard U.S. subscription now costs $15.49 per month, up from $13.99. Netflix’s premium plan in the U.S was increased to $19.99 per month from $17.99. The increase was first reported by Reuters.  The company will report Q4 earnings on January 20. “We understand people have more… Source link

Netflix’s (NFLX) striking miss on first-quarter subscriber additions vindicated some analysts’ views that the future growth prospects for the company would start to dwindle once users started going out again after the COVID-19 pandemic. While others remain bullish on the streaming giant. “Netflix, they’re in a damned if you do, damned if you don’t situation. Investors are now demanding cash flow. They burned through tens of billions of dollars building the platform,” David Trainer, chief… Source link

Netflix (NFLX) reported paid subscriber additions and guidance that sharply missed estimates, with subscriber growth decelerating more sharply than expected over the course of 2020 after a strong initial surge in sign-ups. Shares traded more than 5% lower after market close Tuesday afternoon. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg: Q3 Revenue: $6.44 billion vs. $6.39 billion expected Q3 Earnings per share: $1.74 vs. $2.13 expected Q3… Source link