Stock market tunes in to Netflix after subscriber bounce

) Apple TV+ after years when it has been left largely to develop and garner content from Hollywood studios unthreatened.

Shares in the company have fallen 22% since that report in mid-July. After Wednesday’s third quarter results, they were back trading nearly 20% higher overall on the year. “Its original content for places like India and some European markets will mean the company will continue to be favored in the early years of these streaming wars.”

Another house, Needham, projected the company would lose 10 million of its roughly 60 million U.S. subscribers over the course of 2020 unless it lowers prices, and several analysts noted the company’s own “prudent” estimates for subscriber growth into the end of 2019.

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Gene Munster: Netflix is a difficult stock to own even after positive earnings'The stock reaction would suggest a higher grade, but ultimately, this trend is there is some cautionary tales here,' Loup Ventures' Gene Munster says. But they'll lose alot when Disney plus comes out 🤔 Disney Plus is coming, lmao. Anyone who would rather own Netflix with a $150 billion market cap over Disney with a $240 billion market cap is insane.
La source: CNBC - 🏆 12. / 72 Lire la suite »

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La source: CNBC - 🏆 12. / 72 Lire la suite »