emerged in 2019. New competition from Disney Plus and Apple TV Plus also threatened Netflix's standing during the fourth quarter.
Netflix expects to add 7.6 million global paid net additions during the fourth quarter. Bloomberg consensus estimates 7.65 million additions.for subscriber growth. The Wall Street firm, which has a buy rating for Netflix, estimates the streaming company will add 9.7 million paid net subscribers globally during the fourth quarter. It would be a new high watermark for the company.JPMorgan Chase expects Netflix to slightly surpass its guidance with 7.7 million paid-net-subscriber additions.
: The Wall Street firm is expecting Netflix to add 2 million more subscribers than the company expected to during its fourth quarter, thanks to a strong content slate and encouraging mobile-app data. : International mobile-app data from analytics firm SimilarWeb, which has predicted subscriber trends in recent quarters, suggested possible weaknesses in Netflix's global expansion.
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