while growth slowed considerably overseas. The company added 2.7 million subs worldwide, almost half as many as the 5 million it had projected.shares took a predictable hit, opening down 10% on Thursday. The question Wall Street analysts are debating: Are the Q2 results a sign the wheels are coming off the streaming giant, or merely a blip on the long-term road to continued growth?
Blackledge remains positive on Netflix’s growth potential given strong initial Q3 subs trends and the company’s content slate for the second half of 2019, which includes in the third quarter “Stranger Things” season 3, “Orange Is the New Black” season 7, “La Casa de Papel” season 3 and “Mindhunter” season 2.The lower-than-expected Q2 results show Netflix will have increasingly tough sledding in the U.S.
Investors shouldn’t “overreact” to Netflix’s Q2 miss, opined Morgan Stanley’s Ben Swinburne. He noted the second quarter is seasonally “a light TV viewing quarter” in general and noted that the magnitude of the subscriber miss was in line with Netflix’s previous misses. And while the price hikes may have boosted churn levels, the price increases drove strong revenue and earnings growth — revenue was up 26% in the period, and Q3 guidance points to over 31% growth.
We're sick of their algorithm that doesn't care about fan passion.
Why do Netflix when you can switch up channels month to month on Amazon and watch a wider variety of content from all over the globe?
The sustainability of their business model certainly has to be questioned.
What’s the point of staying subscribed to netflix when they keep cancelling the shows you watch?
God willing it's the former.
They think quite highly of themselves. They were a good deal but they keep raising their prices and offering nothing to watch in return.
Depends how much of an impact Disney makes, but that's next year. Too early to tell
Finally, the netflix takedown
They're in deep trouble. A wave of competition, losing key content and a gargantuan pile of unsustainable debt are kind of a perfect storm. It's like they're a money-laundering operation or something.
Losing the Office and Friends and other outside content Less quality programming A lot of cancelled shows after 2-3 seasons Disney and others coming up yeah
They got rid of ODAAT and karma got them
Let’s hope it’s a hiccup. Netflix does a great job, they put out a quality product.
bigger trouble because they allowed the Obamas in!
Disney is coming to take Netflix’s lunch
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