Netflix Stock Ebbs and Flows After Q1 2019 Earnings Report

Netflix Stock Ebbs and Flows After Q1 2019 Earnings Report

Netflix Stock Ebbs and Flows After Q1 2019 Earnings Report

This was slightly below the 5.48 million that industry analysts estimated, as surveyed by financial data and software company FactSet.

Netflix is the world's leading streaming service but later this year Apple, Disney, and WarnerMedia will enter the arena.

Investing.com, senior analyst Haris Anwar, said investors are nervous because there are indications of a slowdown in the Q1 subscriber growth. "This is made all the more prominent by the looming threat of competition from Disney and Apple".

Meanwhile, Raymond James analyst Justin Patterson adds that Netflix's record number of new subscribers for the first quarter shouldn't be overlooked.

The quarter included the debut of original dramas Sex Education and Russian Doll, and the company raised prices in the United States, Mexico and Brazil. Disney revealed its streaming service last week. Apple and Amazon are both beefing up their media services, and this week AT&T, the telecoms and media company that owns Time Warner's assets, sold its minority stake in rival streaming service Hulu.

The growing competition between the services is already hitting Netflix with some competitors, like Disney, pulling original programming, like the Marvel television shows, and reruns from its service.

Netflix's stock has risen more than 30 per cent year to date despite expectations of a conservative second quarter. All this content will certainly make Disney+ a more attractive service and Disney CEO Bob Iger admits that the content was the reason Disney bought Fox.

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In the more long-term, the market might indeed prove wide and varied enough to account for all of these different services, and right now Netflix does have plenty of strength in content as well as enough of a user-base buffer to easily ride out a short-term Disney+ bubble.

Disney also plans to offer a discount to those customers who buy subscriptions to all three streaming services.

Streaming giant Netflix posted a bumper set of figures last night - but warned fewer new subscribers will sign up in the coming months.

Netflix is scheduled to release first-quarter results after markets close Tuesday, with Wall Street projecting subscriber additions of 1.61 million in the USA and 7.33 million internationally, according to data compiled by Bloomberg.

Netflix reports financial results Tuesday, April 16, 2019. The aggressive spending has led to a tripling of the company's debt in two years, to US$10.36-billion in 2018, from US$3.36-billion in 2016. Analysts on average were expecting 57 cents per share. Total revenue increased 22% year-on-year to $4.5 billion, while subscriber count grew 25% year-on-year.

"We're charging forward. We've expected this decline of second window content, been ready for it, anticipated it, and in fact we're eager to have more and more of our money be able to do spectacular new titles".

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