Netflix: We are just getting started in India; Q3FY2019 earnings
- Author: Darren Santiago Окт 17, 2018,
Окт 17, 2018, 18:49
Among the new shows released last quarter, "Sacred Games" stands out.
Watch Netflix trade in real time here. The four make up the so-called FANG group of high-growth companies that in recent months has lost some of its momentum following market-leading gains in recent years.
The record number of additions in the latest period confirmed its rank as by far the world's biggest online subscription video service. The slate included new seasons of "Ozark" and "Bojack Horseman, " the new series "Insatiable" and "Maniac, " as well as standup specials from Jim Jefferies and Iliza Shlesinger.
Shares of Netflix Inc soared 11 percent before the bell on Wednesday, after the company put fears of a slowdown in growth to bed by racking up seven million new subscribers between July and September. Further, it issued aggressive guidance for Q4 2018, saying it expected an additional 9.4 million subscribers. Netflix said it signed up roughly 1.1 million subscribers in the United States, above analysts' estimate of 674,000, according to Refinitiv. Analysts were expecting 4.8 million - 600,000 in the USA and 4.2 million internationally, according to Nomura Instinet. He also said the company would begin reporting only paid memberships - a number that he said Netflix has been able to forecast more accurately - starting in January.
Netflix never identifies which shows are most successful.Читайте также: Don Lemon Trashes Kanye West's 'Embarrassing...Minstrel Show'
Analysts had cut their price targets for Netflix shares ahead of its earnings report, citing a combination of the strength of the dollar, rising expenses and interest rates. To put that in context, 80 million accounts is more than half of Netflix's total subscribers worldwide. In the third quarter previous year, Netflix posted $2.99 billion in sales.
Netflix anticipates that it will be able to meet this new European criteria when it arrives but as Hastings notes, the company would "prefer to focus" on making a great service that includes local content rather than being forced to create a specific amount of shows, documentaries or movies just to fill a quota.
Wedbush analyst Michael Pachter was another skeptic, saying he was "mystified by the investor love affair with Netflix's India opportunity", pointing to price differences in Netflix's monthly plans versus cable TV in the country.
Netflix faces increased competition from traditional media companies and giants such as Amazon and its costs have been growing as it invests in its own material.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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