Getty Images
That selloff began in earnest in July when NFLX startled Wall Street with a rare underwhelming performance of its membership base as the onslaught of the so-called “streaming wars” was readying for combat. But after bottoming out in late September, shares seem to be clawing back. Also unsettling is that NFLX lost 126,000 U.S. subscribers during the quarter , which marked its first shrinkage in eight years. That lent itself to the appearance that rivals are threatening to take root and share of eyes, a key market metric.
All this comes at a time when creating content has been getting pricier. Some analysts worry that the pressure on NFLX to produce more original content at higher costs could take a bite out of future earnings. They also said they’ll be tuning in to hear about NFLX’s global expansion plans—meaning, how NFLX might be planning to capture worldwide market share ahead of these new entrants.earnings of $1.04 per share
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These 12 stocks are likely to smash earnings forecasts for the 9th quarter in a row, one Wall Street firm saysThousands of companies are set to begin reporting third-quarter earnings throughout the coming weeks.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Netflix Q3 earnings preview analysis: areas to watch, growth outlook - Business InsiderAll eyes are on Netflix as it prepares to report its third quarter earnings this week, after badly missing targets for subscriber growth last quarter. Payton Hobart! SAI I think that netflix lost some subscribe, But no so much beacuse, costs of disney+ very cheap
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wall Street opens higher on upbeat start to earningsU.S. stocks opened higher on Tuesday, as strong earnings reports from JPMorgan C... Who gives a SHIT! 95% OF AMERICA don't have the money to make money! GroundHogDay Help! Lebanon is on fire
Source: Reuters - 🏆 2. / 97 Read more »
Stocks move higher as companies report solid earningsMARKETS: Solid financial results from some of the nation's largest companies helped push stocks higher in early trading on Wall Street. What is it? Opposite Day
Source: ABC - 🏆 471. / 51 Read more »
What to watch today: Stocks set for gains, earnings deluge and fourth Democratic debateU.S. stocks appear set for gains at the open, but a handful of key bank earnings could change, or boost, that outlook between now and the opening bell. MAGA
Source: CNBC - 🏆 12. / 72 Read more »
Wells Fargo earnings expected before the bell, as new CEO is set to takeover next weekWells Fargo earnings expected before the bell with new CEO set to takeover next week. Last month, the bank's board of directors named Charles Scharf as CEO and president. Hope he fixes Wells Fargo for good! WellsFargo has chosen Charlie Scharf as its new CEO, with a large pay package. equilarinc will track the compensation and composition of the Wells Fargo executive suite as well as thousands of others. Visit to learn more. $WFC CorpGov
Source: CNBC - 🏆 12. / 72 Read more »