Published: Wed, April 17, 2019
Entertaiment | By Lawrence Myers

Why Netflix stock deserves to be shredded after its latest earnings report

Why Netflix stock deserves to be shredded after its latest earnings report

For instance, India's largest video streaming service, Hotstar (owned by Disney), last month announced a new "VIP" subscription plan costing Rs 365 annually. The company also said it expects to add about 5 million subscribers in the quarter, about 1 million lower than Wall Street's expectation.

Wall Street sent shares of the streaming titan down 1 percent in late trading as the company estimated second-quarter paid subscriber adds of 5 million, down 8 percent over past year.

Amid the growing shift from traditional cable to over-the-top streaming services, the Walt Disney Company (DIS) seems to have the upper hand in terms of streaming competition, as it can target both kids and adults through its Disney+, ESPN+, and Hulu streaming services.

Options traders expect Netflix shares to swing by about 7% in either direction in the session after its report, which is expected after the market closes on Tuesday. Overall earnings were $4.52 billion, slightly ahead of analyst estimates of $4.5 billion.

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Netflix spent $7.5 billion (5.7 billion pounds) on TV shows and movies for 2018, and executives have said that amount will grow in 2019.

Unfortunately, this means that Disney titles will likely disappear from Netflix by the end of this year.

Disney execs described the service as offering a "feature-rich experience that makes it easy to navigate, discover, and watch favorite programming".

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.

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IN struggled against the Celtics throughout the regular season, losing three of four - including their last two meetings in March. The period ended with Terry Rozier connecting on an acrobatic 3-pointer with 0.1 secondsremaining to put the Celtics ahead 64-53.


KeyBanc Capital analyst Evan Wingren said he agrees that Netflix is safe - at least for now. On Tuesday, the online streaming provider will get its first chance to respond to the new threat on its first-quarter conference call.

If you've been waiting to learn important details about the new Disney streaming video on demand service Disney+, good news.

Richard Greenfield at BTIG Research noted that Disney's venture may be hurt by long theatrical "window" that keeps films out of streaming for months, and from longstanding deals giving rivals some of its content.

In news that is sure to get loyal supporters of the Big N salivating, "as early as this summer" we will see not just one new Nintendo Switch 2 console launch, but actually two completely new systems.

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The women's race was won by Ethiopia's Worknesh Degefa in 2:23.31 ahead of Kenyan Edna Kiplagat and Jordan Hasay of America. Shiloh Schulte of Kennebunk and Meg Brockett of Portland were the fastest ME runners in Monday's 123rd Boston Marathon.


The firm is believed to be near 150 million subscribers globally, with about 60 million of them in the United States. Thanks to an exclusive partnership between Disney and Netflix from a few years back, the current streaming service giant has the exclusive rights to every Disney movie released from the past 18 months or so.

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