Netflix Q3 earnings preview analysis: areas to watch, growth outlook - Business Insider

All eyes are on Netflix this week as the company prepares to report earnings for the third quarter on Wednesday.

Last quarter, the streaming giant badly missed expectations for subscriber growth and lost members in the US for the first time in eight years. Theon the big let down and has yet to recover. Shares were down about 20% on Monday, from three months earlier on Monday, closing at $285.53. Netflix said it plans to add 7 million paid subscribers for the third quarter to reach a total of nearly 159 million worldwide. That would be record growth for the third quarter, if Netflix actually hits its target.

Netflix boosted its output of original programming last quarter. It blamed the prior quarter's miss, in part, on a content slate that didn't deliver. During the third quarter, it released new seasons of popular shows like "Stranger Things," "Sacred Games," "Glow," "Orange Is the New Black," and "Mindhunter," as well as movies like "American Factory," the first Netflix documentary produced by Barack and Michelle Obama.

people in the US spend a vast amount of time streaming. Those two shows will be moving to rival streaming services after their current Netflix deals expire. In the past, Netflix has taken a rather laid back approach to new rivals, arguing that "competition makes you better" and that it is already battling for attention against everything from sleep to Fortnite that a little more won't hurt.

SAI I think that netflix lost some subscribe, But no so much beacuse, costs of disney+ very cheap

Payton Hobart!

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