JPMorgan analyst Doug Anmuth recommends that clients "buy pullbacks" because Netflix is still a smart buy. His recommendation comes despite consumer complaints over Netflix's crackdown on password sharing, concerns over short-term subscription decay, and a declining stock price. Although Netflix reached a YTD peak of $369.02 per share on January 26, shares slumped nearly [...]
Yesterday morning Reed Hastings - CEO of Netflix - went on the record to state that the company dropped the ball with its ad strategy. In fact, he states that Netflix should have launched its ad-supported tier years ago. In his interview with the New York Times, Hastings admitted he looked at advertising through [...]
Netflix stock (NFLX) is a big mover this morning upon releasing its Q3 earnings report Tuesday after market hours. They blew expectations out of the water in terms of net subscriber additions - and they beat estimated EPS and revenue, too. While analysts were projecting $7.85b in revenue, Netflix produced $7.93 in the third [...]
A while back we discussed what Disney surpassing Netflix in subscribers meant for both streaming services. At the time, analysts and investors alike were down on Netflix. And it wasn’t just because their content was lacking. It was because of their ad department business model - or lack thereof. But, it appears that things [...]
It’s official - Disney+ has surpassed Netflix in subscribers. Now, take this with a grain of salt - as Disney+ includes ESPN+ and Hulu, two other streaming services the entertainment company owns. Nevertheless, the milestone is an important one - as Disney is poised to take a stronger grip on the streaming space than [...]
