Netflix shares slip; five charts that break down its earnings

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Netflix Inc's shares fell nearly 3 per cent on Wednesday after the streaming pioneer forecast current-quarter revenue and profit below Wall Street estimates, hit by a delay in the wider roll-out of its solution to password sharing.The company will now launch paid sharing widely, including in the U.S., bet

Netflix Inc's shares fell nearly 3 per cent on Wednesday after the streaming pioneer forecast current-quarter revenue and profit below Wall Street estimates, hit by a delay in the wider roll-out of its solution to password sharing.

The move is expected to result in some knee-jerk churn and near-term earnings risks but should ultimately pay off, analysts said. Cowen analyst Mark Mahaney said the average revenue generated per member on the $6.99 offering with ads was higher than that on the $15.49 subscription, suggesting Netflix had ramped up revenue generation through ads faster than expected.ADVERTISEMENT REVENUE

UBS analyst John Hodulik said the Canada numbers gave"increased conviction" that wider password sharing restrictions could provide an over 5 per cent bump to revenue and become"meaningfully accretive" as soon as the third quarter.Netflix subscriber additions in the past decade Netflix subscriber additions in the past decade, https://www.reuters.com/graphics/NETFLIX-SUBSCRIBERS/jnpwereanpw/chart.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Netflix reports mixed earnings as password crackdown set to expandNetflix Inc beat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast on Tuesday, demonstrating the challenges that the mature streaming service faces in its pursuit of growth. Netflix said it shifted a wider launch of a plan to crack down on unsanctioned passwo
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »

Netflix winds down DVD rental businessNetflix Inc is winding down its DVD rental business, the company said in a blog post on Tuesday, ending the service it started around 25 years ago.The streaming service said the DVD business had been shrinking and it will not be able to continue to offer quality service. The company will ship the last dis 裁员?
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »